Tiny Red HandsBack

401(k) Plans: Industry Data Show Low Participant Use of Crypto Assets Although DOL's Data Limitations Persist

This primary source from U.S. Government Accountability Office supports 2 claims across 2 ledger entries.

Publisher
U.S. Government Accountability Office
Published
2024-11-19
Source quality
primary

All sources · Open original source

Claims supported by this source

  1. factdocumented

    GAO reported that 401(k) plans held about $6.7 trillion in participant assets in 2022 and modeled how crypto allocations could affect volatility; that historical total is context, not an amount moved by the later order.

    Highlights, 2022 asset total, and portfolio simulation

    The Retirement Alternatives Test — Evidentiary limit · Evidentiary limit

  2. 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.

    Highlights, 2022 asset total, and portfolio simulation

    The Retirement Alternatives Test — Audit finding · Cited analysis