If plan sponsors design retirement plans, they take advantage of naive employees and exploit features of plan design that favor themselves, to the detriment of the employees trying to save for retirement.
That's according to a paper exploring the topic written by Ryan Bubb, professor of law, and Patrick Corrigan, both of the New York University School of Law, and Patrick Warren, associate professor of economics at Clemson University.
The three say that employers have the incentive to exploit mistakes made by employees in the choices those employees make to save for retirement, and as a result employers do just that.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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 BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
