Private Equity In 401(k)s: Is It Right For You?
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The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a private equity component, but not a direct investment in the private equity fund at this…
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