Retirement

The Guiding and Establishing National Innovation for U.S. Stablecoins Act for the first time establishes federal guardrails for stablecoin – digital assets pegged to the U.S. dollar – which lessens restrictions for crypto to be included in 401(k) plans.

In June, the SEC said it will explore this new investment opportunity, as “there may be risks, as well as benefits, for retirement savers,” but now President Trump is expected to advance private market access to become a bigger piece of the 401(k) market.

Retirement services provider Voya Financial and Blue Owl Capital, a $273 billion credit-focused alternatives manager, are partnering to develop private markets investment products in all-in-one target date funds for employer-sponsored retirement savings plans.

Senator Elizabeth Warren is doubling down on efforts to get all her questions answered from Empower about the provider’s "risky" new program that will pave the way for private market investments to be included in 401(k)s.

Empower, the nation’s second largest 401(k) plan provider, has announced a new program that gives access to participants to private market investing, which may bring risk, however, the provider says most participants want access, in its new study.

These retirement plans meet the legal requirements and the cost for a pre-approved plan is less than for an individually designed plan, according to the IRS.