White House: Promote retirement security through diversified investments such as digital assets

Source: The White House, compiled by: Golden Finance

Expanding Investment Options for 401(k) Plans: Today, President Donald J. Trump signed an executive order allowing 401(k) investors access to alternative assets to achieve higher returns and diversify their investments.

• The order directs the Secretary of Labor to review the Department of Labor’s guidance regarding the responsibilities of trustees with respect to alternative asset investments in 401(k) plans and other defined contribution plans governed by the Employee Retirement Income Security Act (ERISA).

• The order directs the Secretary of Labor to clarify the Department of Labor's position on alternative assets and the appropriate fiduciary procedures associated with offering asset allocation funds that include investments in alternative assets.

• The order directs the Secretary of Labor to consult with the Secretary of the Treasury, the Securities and Exchange Commission, and other federal regulators to determine whether regulatory adjustments should be made within those agencies to achieve the purposes of the order.

• The order directs the Securities and Exchange Commission to facilitate access to alternative assets for participants in self-managed defined contribution retirement savings plans by revising applicable regulations and guidance.

Promoting Retirement Security through Diversification: President Trump wants to provide American workers with more investment options to achieve stronger, more financially secure retirement outcomes.

• More than 90 million Americans participate in employer-sponsored defined contribution plans, most of which are currently restricted from investing in alternative assets, unlike retirement plans for wealthy investors and government workers.

• Alternative assets such as private equity, real estate, and digital assets can offer competitive returns and diversification benefits.

• Overregulation and litigation risks have limited plan fiduciaries under the Employee Retirement Income Security Act (ERISA) from including alternative assets in their portfolios, hindering retirement growth for workers.

• President Trump is expanding access to these assets to ensure all Americans can enjoy a dignified and comfortable retirement.

Build Wealth and Secure Retirement for All Americans: President Trump is delivering on his promise to expand financial opportunity and retirement security for all Americans, ensuring they can build wealth and prosper.

• President Trump’s Department of Labor has rescinded the Biden Administration’s guidance on digital assets.

• President Trump’s “Big, Beautiful Act” delivers on his promise to ensure retirees can keep more of their hard-earned benefits.

• President Trump pledged to make the United States the “Crypto Capital of the World,” emphasizing the need to embrace digital assets to drive economic growth and technological leadership.

• Through tax cuts and deregulation, President Trump is delivering on his promise to Make America Prosperous Again, allowing working people to save and invest more for retirement.