“Level The Playing Field”

In a FOX Business interview on Tuesday, BlackRock Global Head of Retirement Solutions Nick Nefouse said the change is designed to “level the playing field,” giving more Americans access to a wider range of investments typically available in defined benefit plans.

He noted that many public-sector workers, such as firefighters and police officers, already benefit from broader investment access, while private-sector workers often face more limitations. The rule aims to address that imbalance.

Because 401(k) plans are a primary vehicle for building retirement wealth, and are typically long-term investments, supporters argue they should not be overly restricted. The…

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