The change allows for private equity exposure through a multi-asset class managed fund. A 401(k) shouldn’t (and still can’t) invest in private equity directly a

The change allows for private equity exposure through a multi-asset class managed fund. A 401(k) shouldn’t (and still can’t) invest in private equity directly and it can’t invest in a private equity fund. People won’t suddenly be betting their 401(k) on WeWork. It’s definitely a bit riskier but no one is going to lose their retirement savings because of this rule change. The fees on the funds that offer this exposure are where 401(k) accounts will really get screwed.