While America's employers would like to make the best choices to help their retirement plan participants, it turns out that making their own investment decisions doesn't necessarily produce better results – and employees making their own decisions do no better, as well.
A new study from Boston College's Center for Retirement Research demonstrates that mutual funds picked by plan sponsors did tend to fare a bit better than completely randomly selected funds.
But compared to passive index fund choices, which allow more hands-off investment options, the employer-directed mutual fund investments did not produce substantial gains.
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