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

U.S. Government Accountability Office

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Reporting cited here

  1. documented

    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. documented

    Trump's administration went past the order itself, rescinding guidance and proposing a fiduciary safe harbor that opens both a regulatory pathway and a commercial opportunity. No transfer mechanism or realized benefit is established: that would take 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