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23 June 2021

Coinbase Allies with 401(k) Provider to Bring Bitcoin (BTC) to Retirement Plans

Coinbase Allies with 401(k) Provider to Bring Bitcoin (BTC) to Retirement Plans


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The institutional arm of Coinbase Global has partnered with ForUsAll Inc.—a 401(k) provider—to allow workers under their administration to invest up to five percent of their account balances in crypto, the WSJ reports on June 10.

Launched in 2012, they have been providing workers they administer with access to human advisors, low-cost mutual funds, and automated 401(k) contributions.

Accordingly, it explains why there have been “meaningful conversations” about adding alternative investments into 401(k) plans, according to Lew Minsky—the president of the Defined Contribution Institutional Investment Association (DCIIA).

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