Core Insights - The traditional structure of 401(k) plans has limited investment options, but recent regulatory changes are enabling plans to offer a broader range of alternatives [2][3] - An executive order from President Trump in August 2025 is set to allow the Department of Labor to modify ERISA guidance, facilitating access to alternative investments such as private equity, real estate, and digital assets within 401(k) plans [3] - The introduction of "TDF 2.0" is anticipated, which will incorporate a small allocation to alternatives alongside traditional assets in target-date funds [6] Investment Options Assessment - While new investment options are emerging, significant changes to fund menus are not expected immediately; rather, incremental adjustments are likely [5] - The decision-making process for participants regarding the new options, particularly "TDF 2.0," may be challenging due to the complexity of assessing the value of alternatives compared to traditional funds [7] - The fee structure associated with alternative investments is a critical factor, as alternatives do not always guarantee better performance than traditional assets [8][9]