Can you have alternative assets in 401(k)s?

An executive order this summer encouraged the SEC to look into this option as a way to “democratize access to alternative assets for 401(k)s. Alternative assets include collectibles, private equity (stock not listed on the exchange) and private debt, real estate, commodities, hedge funds, and cryptocurrencies. Now, a bill—the Retirement Investment Choice Act has been introduced in Congress to codify the executive order, giving it the force and effect of law. Will it be enacted? Who knows. #IdeaoftheDay