PPB in the News: Frank Burke Featured in 401(k) Specialist
May 19, 2026
Alts are Coming to 401(k)s, but the Retirement Industry Should Move Forward Thoughtfully
As regulators explore expanding alternatives access within 401(k) plans, the conversation is shifting from “if” to “how.” In his latest article for 401(k) Specialist, PPB CIO Frank Burke outlines why the retirement industry should take a measured approach—carefully balancing the diversification benefits of private markets with the liquidity needs and fiduciary responsibilities tied to retirement accounts.
Rather than rushing into highly illiquid strategies like private equity or real estate, the article argues for a more thoughtful entry point through liquid hedge funds and asset-backed lending strategies. Frank highlights key concerns around rollovers, early withdrawals, and redemption restrictions, while emphasizing that alternatives can still play an important role in modern portfolio construction as the traditional 60/40 framework continues to evolve.
