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Compass
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DOL Releases 401(k) Cryptocurrency Guidance
Nelson Mullins [Guidance Overview] Mar. 30, 2022 "Most plan participants are not equipped to make fully informed decisions on plan options. The DOL cautions that many may chase crypto options based on promises of high rewards without properly considering those options' risks. As such, the DOL warns that fiduciaries carry significant risks in providing and responsibly monitoring crypto-related options given what the DOL highlights as their potential volatility, security concerns, and nascent regulatory environment." |
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