Cryptocurrency Comes to Retirement Plans as Coinbase Teams Up With 401(k) Provider

A small group of workers will find something new in their 401 plan starting in July: the option to invest in cryptocurrency.

ForUsAll Inc., a 401 provider, announced earlier this month a deal with the institutional arm of Coinbase Global Inc., a leading cryptocurrency exchange, that will allow workers in plans it administers to invest up to 5% of their 401 contributions in bitcoin, ether, litecoin, and others. Executives at ForUsAll won’t say how many of the firm’s 400 employer clients have signed up for the cryptocurrency platform so far. Founded in 2012, the company provides automated 401 administration, menus of low-cost mutual funds, and access to human advisers.

With just $1.7 billion in retirement-plan assets, ForUsAll represents a small piece of the $22 trillion retirement-account market. But its embrace of crypto comes at a time of heightened mainstream interest in digital currencies. That said, crypto-investing is virtually nowhere to be found in 401 plans and individual retirement accounts at the moment.

It is an illegal 401k then.

Hahaha more ways to make you poor

asramah_bismark More money I hope

It's about time.

JESUS FUCKING CHRIST WHY NOT JUST SHOOT THE ENTIRE FUCKING WORKING CLASS DEAD AND TURN THEM INTO GREEN CRACKERS

More like 401 billion plan

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alex_jnns01 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

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