Fintech

Republican Sens. Patrick J. Toomey of Pennsylvania right, and Tim Scott of South Carolina are sponsoring a bill that would clarify that a range of nontraditional investment options are among those that workplace retirement plan managers can recommend, select or monitor without breaching fiduciary obligations.  (Tom Williams/CQ Roll Call file photo)

Senate bill would boost alternative assets in 401(k) plans

Republican proposal would allow plans to pay higher fees that may come with nontraditional investments

Posted September 29, 2022 at 8:30am