DOL Rule to Ease Alts in 401(k)s Draws Over 37,000 Comments
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A proposed rule by the US Department of Labor regarding alternative investments in 401(k) plans has drawn a large number of comments, with estimates ranging from over 37,000 to 40,000. The proposal appears to be divisive, with some industry organizations and state attorneys general expressing opposition, while others have expressed support. The rule would potentially ease the inclusion of alternative assets in 401(k) retirement plans, but its outcome and specifics remain uncertain.
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