The DOL gave fiduciaries a warning about their duty of prudence in using any digital assets—cryptocurrency, token, or other derivations—as investments for 401(k) plans. More specifically, it “cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants.” These investments are highly speculative and are difficult to value in many instances. What’s more, participants may lack knowledge about how they work. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health