
Warning To Employers Considering Allowing Private Credit Access To Your 401K “Ignorance is no excuse…” - Jerome Schlichter Attorney who “pioneered plaintiff lawsuits over retirement plans” The DOL’s March 2026 proposed rule would open 401k’s to volatile, illiquid alternatives like private credit. It offers a “safe harbor” but no absolute immunity. “…Plaintiffs can still sue and win by showing that the process was flawed or the outcome was unreasonable….” Final rule not expected until late 2026. Comments due June 1. nytimes.com/2026/04/11/bus…














