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Crypto in Retirement Plans: What Plan Sponsors Need to Know

Crypto is Up, Crypto is Down. But is it Good for Your 401(k) Plan?

With the Compliance Assistance Release 2022-01 on March 10, 2022, the DOL cautioned plan fiduciaries about adding crypto to a 401(k) plan’s list of options.

It’s taking this position for five reasons:

  • The extreme volatility of crypto
  • Plans include unsophisticated investors
  • Custodial and recordkeeping concerns
  • Difficulty in valuing crypto assets
  • Constant change making compliance difficult for various market players

The DOL also made it clear it will revisit this issue as more information becomes available. The Compliance Assistance Release was also interesting because the DOL weighed in on brokerage windows– something the DOL typically is “hands off.”


Bonnie Treichel, founder and Chief Solutions Officer, shared her insights on crypto in 401(k) plans at NFPShe also gave attendees a look at what’s coming. The event was sponsored by Lazard Asset Management.

Read more about this issue in DC Rising, published by Lazard Asset Management. The article includes action items for plan sponsors

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