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For more than a decade, the defined contribution (DC) industry has debated whether private investments should be allowed in 401(k) plans. The question is no longer theoretical. Regulatory signals, product design, and plan sponsor interest are converging, pushing the conversation from “can we?” to “how do we do this prudently?”
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Investment markets in 2025 posted a strong year across the board despite heightened volatility surrounding the introduction of tariff policy in the first half of the year and growing skepticism around AI and credit concerns in the second half of the year.
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