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Benzinga
Benzinga
Business
Namrata Sen

Trump Set To Sign Executive Order To Unlock 401(k) Access For Private Equity Giants Like Blackstone, Apollo: Report

Blackstone Apollo Donald Trump Empower NYSE
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President Donald Trump is reportedly set to sign an executive order that would make it easier for U.S. retirement plans to invest in private-market assets.

What Happened: The executive order, expected to be signed in the next few days, would direct the Labor Department and the Securities and Exchange Commission to issue guidance for employers and plan administrators on incorporating investments such as private assets into 401(k) plans, reported the Wall Street Journal.

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