U.S. Department of Labor Guidance on Private Equity Investments in Defined Contribution Plans

This document is an information letter from the U.S. Department of Labor's Employee Benefits Security Administration providing guidance on the use of private equity investments as a component of designated investment alternatives in individual account plans, such as 401(k) plans, subject to the Employee Retirement Income Security Act (ERISA). The letter outlines the considerations plan fiduciaries should evaluate when including an asset allocation fund with a private equity component as an investment option.