Davis Polk and six other law firms co-authored a comment letter in support of the Department of Labor’s proposed rule intended to broaden 401(k) plan participant access to alternative investments, including private funds.

Our latest client update discusses how the DOL can modify the proposed rule to expand access to alternative investments through other fund options and how the SEC can support this effort.

Davis Polk partners Oran Ebel, Chris Healey and Greg Rowland and counsel Charles Shi were responsible for contributing to the comment letter. The other law firms that co-signed and contributed to the letter include Cleary Gottlieb Steen & Hamilton, Debevoise & Plimpton, Kirkland & Ellis, Latham & Watkins, Ropes & Gray and Simpson Thacher.

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