"The proposed regulations do not resolve some of the key ERISA fiduciary issues associated with alternative investments: [1] The inherent lack of liquidity still presents an operational issue for 401(k) plans ... [2] The inherent valuation challenges still present an operational issue for 401(k) plans with respect to processing distributions ... [3] The inherent lack of transparency and complexity can make it challenging for plan fiduciaries to properly evaluate potential alternative investments.... [4] Plaintiffs' attorneys have already indicated they intend to hold plan fiduciaries accountable if plans offer alternative investments."  MORE >>