Retirement plan provider from the US, ForUsAll, is reportedly forming an alliance with Coinbase, to enable a maximum investment of 5% of clients’ portfolio assets to crypto coins. 

Specifically, the pension provider – which mainly caters to small-to-medium-sized establishments – is reportedly putting resources towards providing exposure to over 50 cryptocurrencies in a product dubbed Alt 401(k).

David Ramirez – ForUsAll co-founder and chief investment officer – reportedly took into account worries surrounding rolling out crypto solutions in pension portfolios, because of their volatility, but also believed that individuals in America will have a “disadvantage” should the choice for tapping into crypto assets in their retirement plans is not available. 

“The average American may be at a structural disadvantage relative to large institutions and high net worth individuals, and we just don’t think that’s right.”

ForUsAll reportedly manages $1.7 billion in retirement plan assets, taking up a small sum of  the $22 trillion retirement-account markets.

High-profile institutional investment entities like Fidelity Investments and Charles Schwab reportedly do not enable the purchasing or selling of crypto in taxable accounts or individual retirement accounts in a direct manner, but rather buy shares in trusts that actually make investments in crypto assets from other firms, nominally Grayscale Investments.

One particular company that supports directly buying crypto assets and goals for retirement purposes is BitcoinIRA – established 5 years ago. 

“ForUsAll and Coinbase wouldn’t be doing this if there wasn’t a market. There are people that want this with these types of funds. And they want to have access to new and exciting things with their 401(k)s.” co-founder and chief operating officer at BitcoinIRA, Chris Kline, remarked.