CFPs, Asset Managers Spar Over DOL’s 401(k) Rule

CFP Board pushed back on a proposed Labor Department rule that would open 401(k) plans to alternative assets, with Erin Koeppel emphasizing that fiduciaries must continue to exercise sound judgment based on the needs of plan participants. While supporters say the rule could expand options and boost returns, CFP Board called for clearer guidance and a continued focus on prudent, participant-centered outcomes.

Read More at Financial Planning