Story perspectives
Warren Questions Risks of Private Equity in Retirement Plans
7/16/2025
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Story summary
- Senator Elizabeth Warren raises concerns about Empower's inclusion of private equity in retirement plans, highlighting risks for savers.
- Empower argues that this decision democratizes investment access amid a decline in public companies.
- Warren demands clarity on participant protections and expresses worries about associated risks.
- The SEC is set to investigate the role of private equity in 401(k) plans.
- Empower states that private equity options will be offered exclusively through managed accounts.
