President Donald Trump is preparing to sign a new executive order that could significantly reshape retirement investing in the U.S.
The directive would push to allow alternative assets, including private equity, real estate, and cryptocurrencies, to be included in 401(k) retirement accounts, signaling a strategic policy win for industries seeking access to the $12.5 trillion defined-contribution market.
Quoting sources, Bloomberg reported that the executive order will instruct the Department of Labor to revisit existing rules that govern retirement accounts under the Employee Retirement Income Security Act (ERISA).
Specifically, the department will assess how alternative assets can be responsibly incorporated into asset allocation funds, while also reviewing the fiduciary implications for plan administrators.
The order is expected to direct Labor Secretary …