The Trump administration wants employers to include less-regulated “alternative” investments like private equity and cryptocurrency in 401(k) plans. To make that happen, the administration is changing regulations and pulling back on enforcement of the law that protects participants.
ProPublica is taking this opportunity to investigate these changes and the broader 401(k) system. To do this reporting, we need detailed insight into what’s happening inside plans. Many of these details are not made public, but they are disclosed to plan participants. That’s why we need to hear from participants in these plans, employers (particularly small-business owners) and those with expertise in the industry. The more people we hear from, the better informed our reporting will be.
We appreciate you sharing, and we take your privacy seriously. We are gathering these stories for the purposes of our reporting and will contact you if we wish to publish any part of your story.
– Share your disclosure with us:
– Read our investigation:
Chapters:
0:00 – Intro
1:33 – Find the Form
2:04 – Principal
2:51 – Empower
3:29 – Fidelity
4:14 – Submit the Form
—
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They should make 401k accounts like they do HSAs: you can stay with your employer’s offering or you can move it to a brokerage account where you can invest however you like.
brother, what 401K?
Great job, ProPublica
All he learned from 2008 is that you can steal billions and get rewarded more billions for it.
ProPublica is so cool !
ProPublica, talk to Michael Green at Tier1 Asset Management he'll talk to you about 401k passive investing at length, not just this risk investment exposure. I think it's important to make that a part of the broader story. There is an argument against the existence of 401ks and it's worth publishing to readers/listeners.
Oh Helck no!!! It’s Private Equity continuing to use the middle class to pay for their generous lifestyles.
Feminism in the workforce doubled the number of taxable incomes, 401K initially created to continue Social Security payments, the fund was close to running out, even then! Credit cards,
Student loans, home loans, and open borders to welcome more taxable bodies! Paying a fair wage by implementing universal tipping, using servallance pricing to maximize profts…NOW this, come on! We're broke, BROKE!
The US citizens, it's government can't afford to live outside their means any longer!
Quit printing money, quit handing out future debt! To the uber rich, pay your own debt, sell your assets, like the rest of us. Keep your hands in your own pockets and leave the last nest egg we have alone!!!. Bring on the thinkers and policy makers. Create laws to stop this robbery!!!!!
We need legislation Stat!!! This has to end.
What a surprise. The people who gutted public pensions want to further privatize our savings to turn them into profits for themselves. Who could've guessed that the people profiting most off 401k investments want to profit even more off 401k investments?
They really are sticking it to people in every way. Thx for exposing this traitorous regime. Make sure the politicians stop this open thievery.
2007 called and ‘risky investment’ is 💯safe. What could possibly go wrong??
marry a narcissist and you will have ZERO .
Thanks for your service
Aww Chit. If you don't hate Chump you're weird ASF. 😑⚖️🇺🇸💵
Ok, I'm really naive but aren't those "alternative assets" heavily invested in by Trump, his family, and his allies…well no wonder they want less regulations.