We provide the latest news from the world of economics and finance
Photo: AFP via Getty Images
The president just issued an executive order to encourage adding private equity and private credit — as well as other alternative investments — as options to 401(k) plans.
The Department of Labor (DOL) is tasked with accomplishing this goal. Some suggest the expansion could be limited to 10% to 20% of target-date funds, the default investment option in most 401(k) plans, but the goal may be broader.