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"Private Equity Is Coming for Your 401(k) Savings"
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"Private equity firms have long sought to gain access to Americans' retirement savings plans, which hold over $11 trillion. Despite restrictions in the Employee Retirement Income Security Act (ERISA), the industry has made progress under the Trump administration and is now launching a new lobbying effort to further expand its access to 401(k) plans. Critics warn that private equity's involvement in retirement savings could lead to exorbitant fees and risky investments, imperiling workers' retirement security."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqcxwturs6tupm30z8m5rtdgtm7srx3yxq0cgyqvyc7vzwhrtehq8qntej22\nhttps://images.jacobinmag.com/wp-content/uploads/2025/01/09112352/GettyImages-1014448572-900x641.jpg\nPrivate equity may soon be coming for your hard-earned retirement plan — thanks in part to President Joe Biden’s failure to stop the industry’s decades-long push to infiltrate retirement savings and the Trump administration’s presumed support of such an incursion. Private equity, an opaque, high-fee industry dealing in high-risk and world-destroying investments, has long been trying to get its [\u0026hellip;]\nhttps://jacobin.com/2025/01/private-equity-biden-trump-retirement/",
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