401(k)
US Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments
The plaintiff, 401(k) provider ForUsAll, is concerned the guidance sets a “troubling precedent” that could lead to a slippery slope of future bans.
Elizabeth Warren Echoes Labor Dept. Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans
In a joint letter with Sen. Tina Smith, Warren asked Fidelity "about the appropriateness" of its plans.
US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports
The Labor Department is scheduled to meet with Fidelity to express concerns.
MicroStrategy to Offer Workers Bitcoin Options in 401(k) Accounts via Fidelity
CEO Michael Saylor’s tweet comes the same day Fidelity said it will begin offering bitcoin investments in its 401(k) accounts later this year.
US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans
The department warned that cryptocurrency investments present “significant risks and challenges to participants’ retirement accounts.”
Coinbase to Manage Crypto Investments of 401(k) Provider ForUsAll
Workers in plans administered by ForUsAll will have the option to invest up to 5% of their contributions in crypto
