1210-AC38 comment 3575 AFL-CIO 06012026

Summary: The AFL-CIO and several labor unions oppose the Proposed Rule because it fails to sufficiently warn plan fiduciaries about the risks of including alternative assets like private equity, private credit, and cryptocurrency in 401(k) plans. They argue these assets are often too illiquid, opaque, and volatile for individual retirement accounts and urge the EBSA to include specific cautionary language and reinstate previous restrictive guidance.