The new executive order by president Donald Trump has been signed, directing the Department of Labor, Department of the Treasury and the Securities and Exchange Commission to eliminate barriers to the inclusion of private market investments and other strategies in 401(k) and other defined contribution retirement plans.
Regulators and legislators should take prompt action to provide an investment framework that puts private market investments on a level playing field with public market investments. This landmark directive is poised to unlock significant opportunities for American workers to enhance their retirement savings through access to a broader range of investment options.
“The financial landscape has evolved, yet defined contribution plans have been slow to adapt,” said Michelle Rappa, managing director at Neuberger Berman and DCALTA board chair. “Defined benefit plans have long utilized private market strategies in their investment allocations, and it is o
