"[P]lan sponsors and 401(k) plan fiduciaries should understand two things: first, plan fiduciaries' duties under ERISA have not changed (at least for now). Second, plan fiduciaries are not required to offer alternative assets as an investment option to plan 401(k) participants. Employers considering offering alternative investments in their plans will want to ensure they understand their fiduciary responsibilities, seek appropriate investment advice, appropriately document their investment selection decisions, revisit their plan investment policy statements, and consult with legal counsel."  MORE >>