Joshua Lichtenstein Discusses Private Equity and Defined Contribution Plans in MarketWatch

Recent industry data shows that private-equity funds aimed at wealthy individuals continue to draw in fresh capital as the universe of alternative investments grows beyond its roots serving endowments, pension funds and other institutions.

In a MarketWatch article, Joshua Lichtenstein, partner in the employment, executive compensation and employee benefits group and head of the firm’s ERISA fiduciary practice, spoke to the concept of private-equity firms drawing in more retirement money from defined contribution plans, which has not yet taken off in popularity.

“The biggest challenge we’re facing is willingness to be a first mover,” Joshua said. “It’s sort of a chicken and the egg problem. If there were a number of defined contribution and 401K plan sponsors already doing it, there would be a lot doing it.”