A recent Executive Order, “Democratizing Access to Alternative Assets for 401(k) Investors”, could significantly expand the types of investments available in 401(k) plans.
Executive Order Overview:
- Fiduciaries may now consider alternative assets such as:
- Private market investments
- Real estate-backed debt instruments
- Digital assets
- Commodities and infrastructure financing
- The Department of Labor is directed to reexamine ERISA guidance and fiduciary standards.
- The SEC may revise regulations to broaden access for participant-directed plans.
While this development may present new opportunities for diversification and potential returns, it also introduces new risk exposures for plan fiduciaries. Understanding the impact on your fiduciary obligations and your insurance protection is essential.
Our Team is here to help you navigate this evolving landscape, so be sure to review your current fiduciary liability coverage. If you have any questions or need support tailoring coverage, please reach out to one of our experts today!
Read the full Executive Order here: WhiteHouse.gov
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