DOL issued Compliance Assistance Release cautions 401k plan fiduciaries to exercise extreme care before allowing participants to invest assets in cryptocurrencies because they present significant risks to participants’ retirement accounts
Cryptocurrencies and digital assets such as bitcoin, ether and non-fungible tokens (NFTs) have become some of the hottest investment products in recent years. The growing interest has.
Cryptocurrency investing has experienced a tidal wave of popularity since the fabled genesis of Bitcoin in 2009. This growth has been fueled by “extreme” investment returns (despite.
The U.S. Department of Labor DOL recently issued important guidance for retirement plan sponsors and fiduciaries on their obligations to find missing participants