Your 401(k) is a cornerstone of your retirement plan, but what if the types of investments allowed in it were about to change? The Department of Labor is proposing new guidance that could open the door for "private assets" in your workplace retirement account, which comes with both potential benefits and risks.
The Department of Labor (DOL) is updating its guidance on private equity and other alternative investments in 401(k) plans, stirring debate among financial experts.
This isn't a new rule, but a clarification of existing guidance from 2020.