First ERISA compliant Bitcoin-supported 401(k) plan launched

Posted On: Nov. 23, 2020 9:48 AM CST

Newport Beach, Calif.-based Digital Asset Investment Management has introduced the country’s first employer-sponsored 401K retirement plans that support Bitcoin, Coin Telegraph reported. Digital Asset Investment Management will serve as the fiduciary of the plans that are compliant with the Employee Retirement Income Security Act and will be available to employers from 2021.