Private Markets in 401(k)s: Wilshire’s Todd Cassler Explains Hurdles to Adoption

It’s been a little more than a year since President Trump signed an executive order seeking to expand access to alternative assets in 401(k) plans, clearing a path for private equity, private credit and other alternatives to become part of the defined contribution plan equation. But creating the products may be the easy part. Broader adoption still requires addressing key operational and fiduciary challenges around liquidity, valuation, fees and oversight—and preparing advisors and investment...