Private Assets in 401(k)s: A Long Overdue Opportunity for Workers The Department of Labor's proposed rule to expand access to private market assets in 401(k) plans has been met with criticism, but beneath the surface lies a more nuanced reality.
The rule is not about forcing plan sponsors to invest in private equity or real estate; it's about giving them flexibility to make informed decisions that benefit their participants.
The Employee Retirement Income Security Act (ERISA), enacted in 1974, was designed to empower plan sponsors with the freedom to innovate and better serve workers.