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Can Open Multiple-Employer Plans serve as the catalyst to wider adoption of illiquid alternative asset classes in 401(k) plans?
While the connection may not be obvious on its face, Joshua Lichtenstein, an ERISA attorney and partner at Ropes & Gray, says the benefits that alternatives have served in defined benefit portfolios is compelling reason to expand the range of investment vehicles in 401(k) plans.
The fiduciary structure of MEPs could facilitate wider access to alternatives, thinks Lichtenstein.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
