President Donald Trump’s administration is reportedly considering an executive order to open the $9 trillion U.S. retirement market to private equity and alternative investments, a transformative shift for 401(k) plans. This directive would task the Department of Labor, Treasury, and Securities and Exchange Commission with exploring ways to integrate private funds into retirement plans, as reported by Pensions & Investments , benefiting firms like Blackstone and Apollo Global Management.
Empower, the nation’s second-largest retirement plan provider, has already partnered with Apollo, Franklin Templeton, Goldman Sachs, Neuberger Berman, PIMCO…
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