thank you both for joining me today talking about these markets, rich weiss and steven niccolo. thank you very much. >>> meantime, a big move for your 401(k) plan the move gives the industry access to more than $6 trillion. for more on this, let's bring in sharon epperson who's looking what it means for retirement savings and mike santoli who's looking at why this is happening now. welcome to you both. mike, let's start with you >> well, the primary reason, kelly, why it's happening now, it seems as if the private equity industry has been looking for this change to happen, pressing for it. they would like a new distribution channel right now, pension funds and very wealthy individuals have very heavy allocations and have for years in private equity, and the smaller retailer investor, long-term retirement saver is not a market that they had access to. so clearly, it's a growth area now, the question being, is it something that individual investors have been craving, asking for arguably, yes. private equity has become more mainstream for a few reasons you still have vanguard actua