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No one would be surprised that cryptocurrency investors applauded Fidelity’s move to offer cryptocurrency in 401(k)s, and though it’s possibly not true of every plaintiffs’ attorney, at least some plaintiffs’ attorneys, used to going after plan sponsors for excessive fees, may well have been cheering the appearance of a new litigation avenue to pursue.

And the DOL? Its recent concerns about the issue can’t be ignored, at least because they could signal a new area of auditing interest.

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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