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Axios

Private equity's next step into 401(k)s

Private equity's next step into 401(k)s
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The Trump administration yesterday took a giant step toward allowing alternative assets in 401(k) plans, with the Department of Labor proposing rules that now will be open for two months of public comment. The big picture: Pay more attention to the actual rule than to the press release. The former focuses primarily on process, including the use of benchmarks. The terms "prudent" or "prudently" ar

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