CNN —

President Donald Trump on Thursday is expected to sign an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors.

The order calls for the Labor Department and Securities and Exchange Commission to issue guidance to employers about providing access to those alternative investments in their retirement accounts, according to a senior White House official.

There has been a steady push in recent months by the private equity and credit industry to gain access to the more than $12 trillion market in defined-contribution workplace savings plans.

While there is

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