SAN ANTONIO – Do-it-yourself 401(k) account holders are losing tens of thousands of dollars, if not more, by making inappropriate investment choices.

That was the hard message Tuesday at a Center for Due Diligence conference presentation by Matthew Rauseo, a BlackRock director who made it clear America's workers all too often build their portfolios in a random, unsophisticated way.

"I just don't know. I really have no idea," Rauseo said on the question of how people make their investment choices. "There's just no clear answer."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.