Private Equity’s Push Into 401(k)s Has a Big Problem. Savers Hate It.

CFP Board submitted a comment letter pushing back on a proposed rule from the Labor Department that would make it easier for companies and organizations to include alternative investments in 401(k)s and other workplace retirement plans. In the letter, CFP Board warned that the rule could open the door to more complex, higher-cost, and less liquid investments in retirement plans without sufficient justification, putting participants at greater risk with fewer protections.

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