On March 30, 2026, the United States Department of Labor's Employee Benefits Security Administration announced the outcome of its review of the presidential executive order titled Democratizing Access to Alternative Assets for 401(k) Investors. We applaud the DOL for clarifying the legal status of prudently designed longevity risk-sharing pools within defined contribution (DC) plans in the U.S. and granting a wide latitude for various types of designs.

Nuovalo CEO Richard Fullmer was cited in this article in Pensions & Investments magazine

The USA has officially made its first step in the journey toward adoption of longevity risk-sharing pools in 401(k) plans. The announcement did not come as a complete surprise to Nuovalo -- our founders have been advocating for this over the past eight years.