What’s in and What’s Out of Your 401(k) Account Under Trump

The Trump administration is putting its mark on workplace 401(k)s in a whirlwind of executive moves set to force retirement accounts to drop eco-friendly investments while clearing them to turn to nontraditional options like digital tokens and private equity.

The US Labor Department told a federal appeals court Wednesday it will replace a Biden-era rule allowing companies to consider environmental, social, and corporate governance investments on behalf of workers and retirees. Earlier in the day, DOL’s Employee Benefits Security Administration said it was rescinding cryptocurrency guidance Biden issued in 2022 that helped keep these assets off companies’ investment menus for ...