The Alt401(k), a retirement platform offered by ForUsAll, a leading retirement provider for small businesses, gives employees the freedom to invest a portion of their 401(k) in potentially higher-growth opportunities like cryptocurrency in addition to conventional 401(k) mutual funds. As of today, 50 companies are live with the platform. The 401k’s first crypto delivery is made by ForUsAll (k).

Over 50 of ForUsAll’s clients have made cryptocurrency investments available to their users, and over 100 more are anticipated to go online in the upcoming weeks. Leading businesses like Stacks Foundation, Compass Mining, NuHire, and BOND are just a few of the ones that provide their employees access to the Alt401(k).

“We believe in providing our employees every available opportunity to save for their financial future, and the Alt401(k) from ForUsAll gives them the tools to do just that”, “We believe cryptocurrency and blockchain technology possess great potential for the future.”

Brittany Laughlin, Executive Director, Stacks Foundation.

“Our team has the privilege of helping grow some of the most cutting-edge blockchain startups in the world”, “We see first-hand the innovations coming to the financial sector and owe it to our employees to ensure convenient access to the future of finance.”

Ashton Wood, founding partner, NuHire Group.

The Alt401(k) retirement platform from ForUsAll offers a straightforward selection of inexpensive mutual funds coupled with self-directed windows that enable users to look for extra growth opportunities in a wider range of equities, ETFs, Bonds, and now cryptocurrencies.

“Despite the recent downturn, cryptocurrency has been one of the fastest growing asset classes over the last decade because it is the predominant way people invest in blockchain technology”, “95% of the Fortune 500 companies surveyed are exploring blockchain technology, as are nearly 100 central banks – the potential for widespread adoption is significant. Everyday Americans should not be left out.”

David Ramirez, Chief Executive Officer and Co-Founder, ForUsAll.

How it functions

• Self-directed growth windows: By combining self-directed windows with regular mutual funds in the Alt401(k), companies can give employees more options for diversification and potential growth. Participants have the option of investing in the standard selection of conventional funds or pursuing additional potential growth or diversification by purchasing individual stocks, bonds, exchange-traded funds, or cryptocurrencies.
• Employees are permitted to move up to 5% of their remaining balances and contributions into a protected account with access to vetted cryptocurrencies (e.g. Bitcoin, Etherium, Solana, etc.)
• Risk management: ForUsAll closely monitors employees’ cryptocurrency allocations and notifies them when their total allocation surpasses 5% of their portfolio, making it simple to rebalance.
• Hardwired investor protections include rigorous risk disclosures, risk-focused staff education, and a test that employees must pass to show they comprehend the risks.
• Protections for the employer’s fiduciary duty: By giving employees access to additional options through self-directed windows, companies maintain employee choice and flexibility while avoiding the fiduciary risk frequently associated with including more complex alternatives within the core 401(k) (k).

Investor safeguards built-in

ForUsAll has built proactive investor protections and education into the Alt401 to ensure that employees are aware of the dangers associated with any volatile asset (k). Employees must accept thorough risk disclosures and then pass a test before they may access the crypto window.

“We spent considerable time balancing the needs of sophisticated employees that demand the freedom to invest how they see fit with much-needed protections for less-knowledgeable employees”, “We were concerned some people might not read the risk disclosures, a pop quiz helps ensure that only employees that understand the risks get access.”

Jeff Schulte, Chief Product Officer, ForUsAll.

Once employees pass the quiz, they are able to transfer up to 5% of the current balance and 5% of ongoing contributions into the crypto window.

The crypto window contains a curated list of cryptocurrencies (such as Bitcoin, Etherium and Solana, etc.) that make it through a robust and stringent vetting process designed to exclude assets with higher risks of fraud. As digital assets continue to gain widespread adoption among wealthy Americans and institutional investors alike, ForUsAll agrees with President Biden’s recent executive order that it is imperative for everyday Americans to also have the opportunity to share in the benefits of this transformative technology. As the executive order stated: “The United States also has an interest in ensuring that the benefits of financial innovation are enjoyed equitably by all Americans and that any disparate impacts of financial innovation are mitigated.”

“Our mission has always been to democratize access to institutional quality investments so that every American has a fair shot at building wealth”, “Fidelity, Goldman Sachs, BlackRock, and many more now offer cryptocurrency to their high-net-worth and institutional clients. Everyday Americans simply deserve equal access.”

David Ramirez, Chief Executive Officer and Co-Founder, ForUsAll.