Cryptocurrencies: Not Yet Ready for Primetime

In March of 2022, the Department of Labor issued a Compliance Bulletin that raised significant questions about the appropriateness of investing in cryptocurrencies within ERISA qualified retirement plans. In the meantime, Fidelity Investments recently announced its intention to offer a facility that would enable investments in Bitcoin within 401(k) plans. So what should retirement plan fiduciaries be doing when it comes to cryptocurrency? Harrison Fiduciary’s Mitch Shames discusses this in his recent article in Investment News.