Search
 

How asset managers run their own 401(k)s

You wouldn't be wrong in predicting their 401(k) plans are different in several ways from the average company's plan.

man holding golden egg and nest Asset manager-sponsored plans are also more complex in their investment offerings, which makes sense given the makeup of their participants. (Photo: Getty)

Asset managers running the 401(k)s for their own employees differ in some important aspects from 401(k)s in general, according to research from the Callan Institute, and while some of those differences are beneficial, other differences perhaps aren’t suitable for participants overall.

Manager-sponsored plans, according to the report, had higher balances and much higher employer and employee contribution rates than the broader population of plans—a Really Good Thing, considering how the average participant of the average plan is faring.

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

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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?

Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.