In a Law360 article, ERISA and benefits partner Josh Lichtenstein, who heads the firm’s ERISA fiduciary practice, commented on plan sponsors’ anticipated adoption of alternative investments in 401(k) plans as lawmakers introduce a bill that would codify President Trump’s executive order allowing retirement plans to invest in alternative assets like private equity.
“The effort to construct these products will go on in parallel with any rulemaking the U.S. Department of Labor is going to ultimately come out with,” said Josh.
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