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The Efficiency of Pension Plan Investment Menus: Investment Choices in Defined Contribution Pension Plans
Pension Research Council
Oct. 26, 2007 Excerpt: Few previous studies have explored whether defined contribution retirement saving plans offer sufficiently diversified investment menus, though it is likely that these menus significantly shape workers' accumulations of retirement wealth. This paper assesses the efficiency and performance of 401(k) investment options offered by a large group of US employers. We show that the majority of plans is efficient compared to market benchmark indexes.[WP2008-02] MORE >> |
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