ForUsAll Joins Fidelity to Offer Cryptocurrency 401(k) Plans (1)

The company suing the US Labor Department over guidance it issued earlier this year warning retirement plans of the dangers of offering cryptocurrency investments has launched the nation’s first crypto 401(k) brokerage window.

ForUsAll Inc. took its Alt401(k) plan live with 50 companies, it said Thursday. The platform allows employees at those companies to invest part of their workplace savings in riskier growth assets such as Bitcoin and Etherium in addition to traditional securities.

Fidelity Investments Inc. also announced recently that it would begin allowing plans it administers to put Bitcoin on their investment menus.

A Fidelity spokesperson confirmed Thursday ...