India, Aug. 8 -- President Donald Trump has signed an Executive Order to allow 401(k) investors to access alternative assets for better returns and diversification.
The Order directs the Secretary of Labor to reexamine the Department of Labor's guidance on a fiduciary's duties regarding alternative asset investments in ERISA-governed 401(k) and other defined-contribution plans.
The Order instructs the Secretary of Labor to clarify the Department of Labor's position on alternative assets and the appropriate fiduciary process associated with offering asset allocation funds containing investments in alternative assets.
The Order directs the Secretary to consult with the Secretary of the Treasury, the Securities and Exchange Commission, and ...