Liberal YouTubers

at least that's how it was in my day, and that CHOICE of funds include fixed income types of funds like bond funds and money market funds. As well as regular equity funds (funds like Vanguard's and Fidelity's that in turn invest in publicly held stocks sold on regular stock exchanges like the NYSE and Nasdaq).

As I understand it, what is being proposed is that CHOICE be expanded to include private equity kinds of things (like mentioned in the video from 3:20 to about 4:50).

I think, like the video guy, that that would be a bad thing. My impression from what little I've read about these private equity things is that they are far more risky than regular stocks.

Many companies auto-enroll employees into 401k's with a default set of investments that might include regular equity funds like target date funds (which contain a mixture of fixed income stuff and regular equities). At least I've read that target date funds are very popular choices in 401k plans.

That's my default understanding anyway ... I would hope that any such default set of investments in 401ks in the future, if the desired legislation is passed, don't include private equity crap, but, well, that's my hope.