President Donald Trump signed an executive order on Thursday that opens the door to allowing alternative assets like cryptocurrencies, private equity, and real estate into 401(k) retirement accounts. Here’s what to know.

What does the executive order say?

The executive order gives the Secretary of Labor 180 days to review the guidelines that determine the rules for 401(k)s under the Employee Retirement Income Security Act of 1974, known as ERISA. In short, the order calls for the Labor Department to clarify its position on alternative assets. (Under ERISA, employers have a fiduciary responsibility to ensure 401(k) investments are both prudent and don’t have onerous fees.)

As Fast Company previously reported, during Trump’s first term, the Department of Labor issued a letter suggesting p

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