If you're saving for retirement, your 401(k) might soon include options beyond traditional stocks and bonds. This shift could open up new investment avenues, but it also introduces different risks and opportunities you should understand.
The US Department of Labor recently clarified that private assets can be part of 401(k) plans.
For years, there was uncertainty about whether 401(k) fiduciaries (those managing the plans) could offer private assets without facing legal risk.