As the financial landscape continues to evolve, the integration of cryptocurrency into retirement plans has become a topic of significant interest. Bonnie Treichel, a leading expert in retirement plan consulting and ERISA compliance, offers valuable insights into this emerging trend in her recent article, “Crypto Considerations for 401(k) Plan Sponsors,” published by Reuters Practical Law. Bonnie’s expertise is instrumental in guiding organizations through the complexities of incorporating cryptocurrency into their 401(k) offerings. The DOL has cautioned against adding crypto to 401(k) plans and reminded plan sponsors that they have a duty to prudently select designated investment alternatives (DIAs).
The inclusion of cryptocurrency in retirement plans represents a significant shift in the investment landscape. Bonnie Treichel’s insights provide a roadmap for plan sponsors to navigate this new territory responsibly. By understanding the fiduciary implications, gaining a solid grasp of cryptocurrency, and following best practices, plan sponsors can offer innovative investment options while safeguarding their participants’ interests.
For more detailed guidance and to read the full article, visit Crypto Considerations for 401(k) Plan Sponsors | Practical Law The Journal | Reuters