Labor Department Sends Final 401(k) Rule on Crypto, Other Alternatives to White House
By Unchained
AI summary of the source article
The U.S. Department of Labor has submitted its final rule governing how 401(k) plan fiduciaries select alternative investments, including certain crypto funds, to the White House for review.
Why it matters
The rule aims to “relieve the regulatory burdens and litigation risk” that the department says “limit returns and diversification in workers’ retirement accounts.”
Key facts
- The Department of Labor submitted the final rule (1210-AC38) on alternative investments to the White House OIRA on Nov. 5.
- A fiduciary who weighs six specified factors when selecting investments will have their judgment presumed reasonable and granted significant deference.
- The rule follows the department's May 2025 withdrawal of 2022 guidance that advised fiduciaries to use 'extreme care' before offering crypto.
Source excerpt · Unchained
A White House regulatory office logged the final version of the fiduciary safe harbor rule on Nov. 5, a review that comes before the Labor Department can publish it. The post Labor Department Sends Final 401(k) Rule on Crypto, Other Alternatives to White House appeared first on Unchained .