ForUsAll Debuts the ‘Alt 401(k)’ to Provide In-Plan Cryptocurrency Access
Another cryptocurrency foray into 401ks was announced today.
ForUsAll, a retirement investment platform for small businesses, introduced the Alt 401(k), its turnkey retirement investment platform that allows employers to provide alternative investment options within 401k plans—what the company is calling a “first of its kind.”
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The San Francisco-based fintech company is enabling employers to offer cryptocurrency as the plan’s first alternative investment by selecting Coinbase Institutional, a leading cryptocurrency platform.
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“For too long, too many Americans haven’t had the same access to alternative investments that wealthy and professional investors have had. Our mission is to provide every American with the tools necessary to build a brighter financial future, and making these alternatives more readily available is a key step towards that,” said Jeff Schulte, CEO of ForUsAll. “By introducing the Alt 401(k), we are democratizing access to what drives wealth for the wealthy—alternative investment options, combined with our original core offering of low-cost index funds, and personalized help.”
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