Fidelity Investments Unveils a Crypto Option for 401(k) Plans
The firm is preparing to launch a product that will allow bitcoin investments in workplace retirement accounts, despite concerns from the Department of Labor.
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Fidelity Investments wants to bring crypto to its workplace retirement plans.
The firm announced Tuesday it will have a product ready in coming months to allow 401(k) plan participants to direct a portion of their savings into bitcoin. Employers that decide to offer the option will choose what percentage of an employee’s account can be directed into crypto, up to a cap of 20%.