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Q2 2026

PitchBook Analyst Note: How Safe Is the 401(k) Safe Harbor?

Private markets and 401(k)s: new rules, same old risks?
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The Department of Labor has released its long-awaited 401(k) investment rules proposal, but the outcome may not be what the organization intended. Rather than a green light for private equity and crypto, the new framework focuses on fiduciary process and litigation protection. Will it actually move the needle? Read our analysis to find out.