A DOL proposed rule likely will make alternative investments (e.g., cryptocurrency; private equity assets; real estate) more common in 401(k) and other qualified retirement plans. The rule doesn’t require that alternative investments be added to the menu of investment options for participants; it merely permits fiduciaries to include them if deemed prudent. The rule creates a 6-factor safe harbor to protect fiduciaries that opt for alternative assets. There’s a 60-day comment period for the proposed rule, so things could change. #IdeaoftheDay
