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Too Many Investment Choices May Overwhelm Even Sophisticated 401(k) Plan Participants
Deloitte 
June 7, 2004
Excerpt: [N]ew research published by the Center for Retirement Research at Boston College indicates fewer investment choices may be better for plan participants, including those with above average financial knowledge. The findings by Professors Julie Agnew and Lisa R. Szykman, both of the William and Mary School of Business Administration, are important because they provide additional evidence of the significant role plan design can play in participants' investment behavior.
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