On June 3, 2020, the Department of Labor (DOL) issued guidance stating its view that plan sponsors of 401(k) and other defined-contribution plans could offer participants access to alternative assets (including private equity funds) through broadly diversified investment options such as target-date funds.
Maybe I don’t know, but was this something that plan providers and plan participants were clamoring for? Like adding back annuities into 401(k) plans, I don’t believe that this will be something that will take off within the retirement plan marketplace. It might be a good thing for mutual fund companies in terms of product development, but I don’t think demand will be that great.
