It's something marketing types have said for years: Sometimes less really is more—according to a new study.
In a paper titled "Simplifying Choices in Defined Contribution Retirement Plan Design," Donald B. Keim, John B. Neff Professor of Finance at the Wharton School and Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor of Insurance/Risk Management & Business Economics/Policy at the Wharton School, found that reducing the number of investment options available in retirement plans not only reduced risk, but also led to greater long-term savings of nearly $10,000 per participant.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.