SEC’s Atkins Says 401(k) Plan Changes Must Be Reviewed Carefully

US Securities and Exchange Commission Chairman Paul Atkins says the agency will work closely with its counterparts at the Labor Department when considering potential changes to rules for retirement plans.

“We have to do this in a smart way,” Atkins said an interview Friday on Bloomberg Television’s Surveillance.

The Trump administration is finalizing an executive order that would pave the way for 401(k) retirement savings plans to invest in private equity, Bloomberg News reported earlier this week. Details are still being discussed and no date is set for an announcement, according to people familiar with the matter.