There are major changes coming to 401(k) retirement plans. My plan had finally started bouncing back under President Joe Biden from all the damage done during the COVID-19 pandemic. I thought, based on all the promises made leading up to November, that we would all be swimming in money. This would substantially change what 401(k) plans are permitted to invest in, including private equity, venture capital, real estate, and hedge funds. Private equity funds, for the most part, don't beat the stock market."