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Trump looks to open 401(k)s to private markets

August 25, 2025

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Financial Standard

Citing better returns and diversification benefits, US President Donald Trump signed an executive order to allow alternative assets, including cryptocurrencies, into 401(k) plans.

- Jamie Williamson

The order calls for a review of the Department of Labor's guidance on fiduciaries’ duties in relation to alternative assets in 401(k) plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) and other defined contribution offerings.

It also directs the Securities and Exchange Commission to facilitate access by reviewing and revising regulations and guidance where necessary.

Financial Standard

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