The Retirement Alternatives Test — Audit finding
Entities and roles
- America First Audit — The Retirement Alternatives Testaudit case
- Donald J. Trumpcomparison subject
Claims and evidence
- analysisdocumented
The administration moved beyond the order into guidance rescission and a proposed fiduciary safe harbor, creating a regulatory pathway and possible commercial opportunity. No transfer mechanism or realized benefit is established without a final rule, plan adoption, fund flows, disclosed conflicts, and participant outcomes.
- The American Presidency Project: 2024 Republican Party PlatformChapter Three, section 5; Chapter Six, section 1
- The White House: Democratizing Access to Alternative Assets for 401(k) InvestorsSections 2-3
- U.S. Government Accountability Office: 401(k) Plans: Industry Data Show Low Participant Use of Crypto Assets Although DOL's Data Limitations PersistHighlights, 2022 asset total, and portfolio simulation
- Associated Press: Trump opens the door for alternative assets in 401(k) retirement plansIndustry-demand, fee-risk, and implementation sections
- The White House: Fact Sheet: President Donald J. Trump Democratizes Access to Alternative Assets for 401(k) InvestorsPurpose and diversification claims
- U.S. Department of Labor: US Department of Labor rescinds 2021 supplemental statement on alternative assets in 401(k) plansOpening paragraphs and description of rescinded guidance
- U.S. Department of Labor: US Department of Labor proposes landmark rule to democratize access to alternative investments in 401(k) plansOpening paragraphs; proposed process-based safe harbors and fiduciary-selection framework
- Axios: Move to open 401(k)s to private credit and crypto comes at awkward timeOpening section and What's next; proposal and public-comment status