The Department of Labor has submitted for review of a proposal regarding alternative investments in defined contribution (DC) plans ahead of schedule, according to PlanAdviser.
This proposal requires regulations to be provided regarding the framework for how alternative investments can be included in retirement plans. It follows the Trump administration’s executive order to provide heightened guidance around alternative investment in retirement plans. These investments were already permitted, but they were not heavily incorporated due to uncertainty regarding litigations.
Some firms have already began adjusted to this executive order, including a recent partnership between Empower and Blackstone to increase private markets investment partnership program.
The Office of Management will review the proposal within 90 days, which will then move to the Department of
