Fiduciary Duty, Bitcoin, 401k

Advisors aren’t sold on Bitcoin

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 3/26/2025

On whether to recommend Bitcoin and other digital assets for clients, financial advisers are wary about their fiduciary duty to clients, according to a CoinShares survey....more

A Fair Warning: 401(k) Plan Sponsors May be Hard-Pressed to Defend Addition of Cryptocurrency Investment Option

Kerr Russell on 11/9/2022

The U.S. Department of Labor (DOL) published guidance earlier this year warning fiduciaries who administer retirement plans to “exercise extreme care” when considering whether to include cryptocurrency as a plan investment...more

DOL Warns Employers About Including Cryptocurrency in 401(k) Plan Investment Options

Parker Poe Adams & Bernstein LLP on 5/20/2022

Late last month, Fidelity Investments created a minor firestorm when it announced that it would allow retirement plan sponsors to offer bitcoin as an investment option for participants. In reaction to this move, the...more

Cryptocurrencies As Investment Options In 401(k) Plans

Goodwin on 5/13/2022

On March 10, 2022, the U.S. Department of Labor (“DOL”) issued a Compliance Assistance Release (the “Release”) addressing its views on the availability of cryptocurrencies on 401(k) investment platforms. This guidance comes...more

Every Little Thing … Considerations Before Adding Crypto to a 401(k) Plan

Holland & Hart - The Benefits Dial on 5/12/2022

Fidelity Investments recently announced that it will offer its 401(k) plan clients the opportunity to offer bitcoin as a 401(k) plan investment option later this year. While this may sound intriguing to some plan fiduciaries...more

DOL Raises “Serious Concerns” About 401(k) Plan Investments in Cryptocurrencies

Harris Beach Murtha PLLC on 4/29/2022

On March 10, 2022, the U.S. Department of Labor (DOL) issued Compliance Assistance Release No. 2022-01 (the “Release”, available here) which cautions ERISA plan fiduciaries to exercise “extreme care” before they consider...more