Executive Order 14330: Democratizing Access to Alternative Assets for 401(k) Investors

This executive order aims to open the door for millions of 401(k) participants to invest in alternative assets—options long available to wealthy investors and public pension plans. It directs the Department of Labor to reexamine and potentially revise guidance, clarify fiduciary responsibilities, and explore safe harbors to reduce litigation risks. The order also calls for coordination with the SEC to adjust rules that could broaden access while ensuring prudent oversight. The goal: give retirement savers more diverse, competitive investment opportunities without sacrificing fiduciary protection.