ForUsAll

ForUsAll is a tech-enabled 401(k) provider that offers a retirement platform called Alt401(k), which allows employees to invest in both traditional mutual funds and cryptocurrency through a self-directed crypto window powered by Coinbase Institutional. The platform enables participants to invest up to 5% of their 401(k) balance and ongoing contributions in cryptocurrencies including Bitcoin, Ethereum, Solana, Cardano, Polkadot, and USD Coin. As of March 2023, ForUsAll expanded access to include cryptocurrencies from the Coindesk Market Select Index, comprising 28 different digital assets. To protect investors, the platform requires participants to complete an educational quiz demonstrating their understanding of crypto risks before gaining access to the crypto window. The company actively monitors crypto allocations and alerts employees when their cryptocurrency allocation exceeds 5% of their portfolio to help them manage risk. All cryptocurrency assets are held in cold storage for security, with funds only moved to hot wallets temporarily to execute transactions. With USD 1.4 billion in assets under management, ForUsAll serves more than 80,000 retirement savers across over 500 plans.

In December 2023, a federal court dismissed ForUsAll's legal complaint against the Department of Labor regarding its cryptocurrency guidance for retirement plans. The court ruled that ForUsAll had no basis for claiming the DOL caused it to lose clients through its March 2022 bulletin warning about crypto risks in retirement plans.

Key customers and partnerships

As of November 2022, more than 50 companies had enabled ForUsAll's cryptocurrency investment options for their participants, with over 100 more expected to implement the feature. Notable clients include Stacks Foundation, Compass Mining, NuHire and BOND. ForUsAll partnered with Coinbase Institutional to power its Self-Directed Crypto Window and provide custody services for digital assets.