Private Credit, Crypto Get Easier Path to 401(k)s in US Plan

Companies offering alternative assets in retirement savings plans would get more legal protection under a new Trump administration proposal, potentially opening up opportunities for firms like Blackstone Inc. and Apollo Global Management Inc. in the $14 trillion market.

The changes could make it easier for 401(k) plans to include private credit, private equity, crypto and real estate investments. The Labor Department plan, which is subject to public comment, aims to blunt threats of class-action litigation that have discouraged some employers from adding alternative investments.