The Department of Labor plans to provide a safe harbor of prudential obligations for 401(k) alternative asset investments.

CoinFeed reported on March 30 that, according to a proposed rule document released by the U.S. Department of Labor, the Employee Benefits Security Administration (EBSA) under the Department of Labor has proposed a new rule entitled "Fiduciary Duties In Selecting Designated Investment Alternatives," which aims to provide clarification and a safe harbor for the "prudential duty" of trustees under ERISA when selecting designated investment options for participants' self-managed individual account plans (such as 401(k)).