It’s the biggest move yet by the Trump administration to bring private assets to defined-contribution accounts.

Edward Gottfried, VP of Product at Betterment at Work, noted 401 (k) investment selection and management is governed by fiduciary rules, which require employers and advisors to review the investments to ensure they have fair fees and performance in line with general market returns.

The new White House order directing regulators to expand access to alternative investments in 401(k) plans, like crypto or privately owned companies adds a new layer of risk to the retirement portfolios for ordinary investors that they may not fully understand,

A Trump executive order cleared the way for higher-risk investments like crypto to be added to your 401(k), but don't expect to add them to your plan right away.

It will take time for retirement fund managers to add options like crypto and private equity to your 401(k), but plan sponsors are also required to put assets in the plans that are in the best interests of the participants.