US Department of Labor rescinds 2021 supplemental statement on alternative assets in 401(k) plans

This primary source from U.S. Department of Labor supports 2 claims across 2 ledger entries.

Claims supported by this source

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.
Opening paragraphs and description of rescinded guidance
The Retirement Alternatives Test — Audit finding · Cited analysis
factdocumented
Labor rescinded its December 2021 supplemental statement that had discouraged fiduciaries from considering private-equity investments in 401(k) menus.
Opening paragraphs and description of rescinded guidance
The Retirement Alternatives Test — The record · The record