President Trump deserves credit for issuing an Executive Order last month that will help strengthen and democratize retirement security for every American with a 401(k) plan. Workers are awakening to the fact that they are being denied access to an asset class that for decades has outperformed the stock market; namely alternative assets like private equity and private credit. Today access is limited to the wealthy, institutional investors and defined benefit retirement plan beneficiaries. In other words, George Soros, Harvard professors and the government employees of the California Biodiversity Council benefit from alternative assets while the plumber, cook and auto mechanic do not. This is patently unfair to workers and unwise for our nation.
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