The future of money and digital assets is a vast topic that presents numerous challenges, and it has even caused debate as to whether cryptocurrency is a prudent retirement plan investment.
Department of Labor expressed concerns about plan fiduciaries’ decisions to allow 401k plan participants to invest in cryptocurrencies in Compliance Assistance Release 2022-01. Concerns include difficulties individuals might have in knowing how much to invest, record keeping
On March 10, 2022, the United States Department of Labor (DOL) published Compliance Assistance Release No. 2022-01 (Release) addressing “cryptocurrency” investment in 401(k) retirement.
The U.S. Government Accountability Office has been asked to examine the controversial issue of cryptocurrency inclusion in 401(k)-type retirement plans.