Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Investment Defaults and Retirement Savings Allocations: A Case Study|
Nov. 9, 2021
"The investment default structure significantly affects default take-up, the 'stickiness' of the default, and the contribution allocations of all plan participants. Participants who joined under the money-market default -- compared to the target date fund default -- were less likely to accept the default, and their overall contribution had a lower average percentage of equity. Participants with greater financial literacy and experience were less likely to use the default, preferring to customize their investment portfolio instead."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|