The Department of Labor’s (DOL) proposed rule gives retirement plan managers clearer guidance when choosing investment options for #401k plans, including diversified funds that may include private-market assets such as private equity, real estate, and infrastructure, shares our new comment letter. Why it matters: By reducing uncertainty around how new investment options are evaluated, the proposed rule could help retirement plans consider a broader mix of diversified funds while maintaining fiduciary protections. What we’re saying: “ICI applauds the DOL for this significant step to expand 401(k) investors’ ability to diversify their portfolios. As investment opportunities continue to expand rapidly in the private markets, 401(k) investors should have the ability to include private market investments in their long-term investment portfolios,” said ICI President & CEO Eric J. Pan in a statement.