401(k) plans
Coverage of 401(k) plans in the Nexus archive.
- Hiltzik: Ordinary Americans struggle to fund their 401(k) plans while plutocrats fill theirs with tax-free millions
Hiltzik reports that ordinary Americans struggle to fund their 401(k) plans while plutocrats accumulate millions tax-free. The article notes that tax-advantaged retirement accounts, initially devised for the middle class, have been exploited by the rich. Consequently, plans are now being considered to close these financial loopholes.
- Generation Z trusts crypto while saving money in 401(k) plans
Generation Z shows growing reliance and trust in crypto, creating a generational divide regarding investment strategies. According to an OKX sponsored survey, 40 percent of Generation Z and 41 percent of millennials reported feeling confident about crypto platforms.
- Annuities are coming to more 401(k) plans. Should workers embrace them?
The Trump administration is advocating for increased inclusion of annuities in 401(k) plans, but the article suggests this could have mixed implications for workers.
- Top Democrats rip proposal allowing digital assets in 401(k) plans
Top Democratic lawmakers are urging the Department of Labor to withdraw a proposal that would allow retirement plans to offer investments in cryptocurrency, private equity, and other alternative assets, arguing that this could expose workers' savings to greater financial risks and higher fees.
- Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Congressional Democrats are opposing a US Department of Labor proposal to allow 401(k) investments to include cryptocurrency, private credit, and private equity. The lawmakers argue the change would expose workers to riskier and more complex investments, citing potential legal challenges and financial risks for retirement savings.
- Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Congressional Democrats oppose a US Department of Labor proposal to allow 401(k) investments in cryptocurrency, private credit, and private equity, citing increased financial risk for workers. A letter from Senators Bernie Sanders, Elizabeth Warren, and House member Bobby Scott argues the change would expose $14.2tn in retirement savings to volatile assets and likely face legal challenges.
- Private equity's next step into 401(k)s
The Trump administration is proposing rules to allow alternative assets like private equity and crypto in 401(k) plans, focusing on a rules-based framework rather than litigation. The Department of Labor's rule emphasizes 'prudent' investment processes but does not claim these assets will improve performance. Public comments will shape the final rule, with concerns about risks and lobbying influencing potential changes.