Certified Financial Planner Board of Standards Inc.
06/03/2026 | Press release | Archived content
Trump Rule for Private Equity in 401(k)s Gets 40k Comments
The Labor Department received nearly 40,000 comments on its proposed rule to expand 401(k) access to alternative assets, reflecting sharp debate over potential benefits like greater access and returns versus concerns about fees, transparency, and conflicts of interest. CFP Board weighed in on the rule's safe harbor provisions, urging stricter requirements and warning that simply considering listed factors should not shield fiduciaries from accountability if their decisions fall outside a reasonable standard.
AxiosDan Primack June 3, 2026
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