The U.S. Department of Labor (“DOL”) last month issued Compliance Assistance Release No. 2022-1 - 401(k) Plan Investments in “Cryptocurrencies” (the “Release”) in which it strongly.
Cryptocurrency is becoming more popular, so it is natural that you or your participants may be wanting to add a cryptocurrency investment option to your retirement plan. But can you.
The U.S. Department of Labor ("DOL") last month issued Compliance Assistance Release No. 2022-1 - 401(k) Plan Investments in "Cryptocurrencies" (the "Release") in which it strongly cautions .
DOL issued Compliance Assistance Release No. 2022-01 in which DOL takes the unusual step of signaling its disfavor with a particular asset class, cryptocurrency in 401k plans, explains the risks and challenges that cryptocurrency may pose to retirement account participants
The Department of Labor (DOL) recently issued a Release that warns about cryptocurrency use in 401(k) plans. The Release raises a number of concerns, including troubling implications.