Groom principal and co-chair of the firm’s Plan Sponsor Practice Allison Itami was quoted in the Pensions & Investments article “Crypto clouds may part as result of directive,” where she discussed the impact new crypto guidance may have on plan sponsors considering the inclusion of cryptocurrency options in plan menus.

According to Pensions & Investments, Itami said the guidance should have an “intended chilling effect” on plan sponsors considering adding crypto funds to plan lineups. “Basically, this release says if you’re offering crypto as a designated investment alternative, it amounts to volunteering for an audit,” she added. “We’re not aware of particular investment options that have an automatic ticket to an audit and all the monetary and time costs that go along with it.”

To read the article, click here.


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Journal of Pension Benefits