The research underscores the value of plan monitoring, and perhapseven the value third-party fiduciary advisors can bring to plans.(Photo: Shutterstock)
Plan sponsors have a clear legal obligation tomonitor the quality of investments offered to retirement investorsin 401(k) plans.
While that part of fiduciaries' obligations is indisputable, asmall body of academic research on what happens when an investmentoption is removed in favor of another has shown that the new fundsfail to outperform, and sometimes underperform, the removedfunds.
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.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
