NOTE FROM THE EDITOR
President Donald Trump signed an executive order Thursday aiming to “facilitate access to alternative assets” for fiduciaries managing 401(k)s and other defined-contribution plans.
The White House said the order is intended to mitigate “regulatory overreach and litigation risks” that have limited Employee Retirement Income Security Act-governed plan fiduciaries by allowing them to invest in private equity, real estate and cryptocurrency.
“This Executive Order further supports our efforts to improve flexibility and eliminate unfair one-size-fits-all approaches, and I applaud President Trump for taking decisive action,” U.S. Department of Labor Secretary Lori Chavez-DeRemer said in an agency press release.
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