Investing
Private Assets in 401(k)s Is Win for Wall Street But Not Investors, Critics Say
A proposal to bring private market assets into 401(k)s is a key win for Wall Street, but critics say they may offer little benefit for everyday investors
The New York Stock Exchange.
Photographer: Michael Nagle/BloombergGreat for alternative asset managers and retirement plan advisory firms. Good for companies offering workplace retirement plans. Of dubious to no value for people with their retirement savings in 401(k) plans.
That’s the verdict from a host of financial planners, retirement experts and consumer advocates around a proposed rule released this week for adding alternative assets to funds in workplace retirement savings plans.