A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Use of advisors and retirement plan performance
Postprint. ; As DC plans become more popular than DB plans, American workers are increasingly responsible for their retirement savings. Because retirement plan participants' portfolio allocation is constrained by the available funds in the plan, the construction of a plan's investment menu has become extremely important. No research has evaluated fund selection in retirement plans or compared plans involving an advisor with self-directed plans. To fill this research gap, this study employs cross-sectional, nationwide data that include 5,570 retirement plans with 100 or more participants in 2013, 2014 and 2015. Results show that in most cases, using advisors is not related to plan performance. Plan sponsors should require advisors to periodically evaluate the performance of plans under their management using objective measures. ; Includes bibliographical references.
Use of advisors and retirement plan performance
Postprint. ; As DC plans become more popular than DB plans, American workers are increasingly responsible for their retirement savings. Because retirement plan participants' portfolio allocation is constrained by the available funds in the plan, the construction of a plan's investment menu has become extremely important. No research has evaluated fund selection in retirement plans or compared plans involving an advisor with self-directed plans. To fill this research gap, this study employs cross-sectional, nationwide data that include 5,570 retirement plans with 100 or more participants in 2013, 2014 and 2015. Results show that in most cases, using advisors is not related to plan performance. Plan sponsors should require advisors to periodically evaluate the performance of plans under their management using objective measures. ; Includes bibliographical references.
Use of advisors and retirement plan performance
Yao, Rui (author) / Wu, Weipeng (author) / Mendenhall, Cody (author) / Personal Financial Planning
2020-01-01
Article (Journal)
Electronic Resource
Unknown , English
Online Contents | 2006
Departments - Professional Practices - Plan for Retirement: Start Your Own Business
Online Contents | 2000
Computer-Based Advisors for Environmentally Conscious, "Green" Product Design
| British Library Conference Proceedings | 1994