Be More Than A Fiduciary

FF5 #64 - DOL Updates Guidance on Cryptocurrency in ERISA Plans


Listen Later

In this episode of Friday Fiduciary Five, Eric Dyson talks about the Department of Labor's (DOL) Compliance Assistance Release 2025-01, effective May 28, 2025, which rescinds previous DOL and EBSA guidance on cryptocurrency in 401(k) plans.  The DOL clarifies that the "extreme care" standard mentioned in the 2022 release does not exist in ERISA; instead, it refers to the duty of loyalty and prudence. Eric remains skeptical about including cryptocurrencies in 401(k) plans until evidence shows improved participant outcomes. He emphasizes that sophisticated investors should handle such investments individually, not through their 401(k) plans, to avoid overly complex investments for the average employee.


Connect with Eric Dyson: 

Website: https://90northllc.com/

Phone: 940-248-4800

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/401kguy/ 


The information contained herein is general in nature and is provided solely for educational and informational purposes.

It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.

The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan specific circumstances.

...more
View all episodesView all episodes
Download on the App Store

Be More Than A FiduciaryBy Eric Dyson

  • 5
  • 5
  • 5
  • 5
  • 5

5

21 ratings


More shows like Be More Than A Fiduciary

View all
WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,750 Listeners

Planet Money by NPR

Planet Money

30,823 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,260 Listeners

WSJ Minute Briefing by The Wall Street Journal

WSJ Minute Briefing

658 Listeners

The Long View by Morningstar

The Long View

880 Listeners