Reuters: U.S. Labor Department proposes rule on adding private equity, crypto to 401(k) plans

The U.S. Department of Labor has proposed a rule to clarify how alternative investments such as private equity and cryptocurrencies could be included in 401(k) retirement plans, Reuters reported. Under the proposal, plan fiduciaries would be required to assess key considerations including performance, fees, liquidity, valuation, and product complexity. Fiduciaries that meet the rule's requirements would receive safe-harbor protections aimed at reducing litigation risk.