Retirement Guardrails

How Proactive Fiduciaries Can Improve Plan Outcomes

Häftad, Engelska, 2023

AvIan Ayres,Quinn Curtis

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Scores of lawsuits have pushed retirement plan sponsors to shorter, easier-to-navigate menus, but - as Ian Ayres and Quinn Curtis argue in this work - we've only scratched the surface of retirement plan design. Using participant-level plan data and straightforward tests, Ayres and Curtis show how plan sponsors can monitor plans for likely allocation mistakes and adapt menus to encourage success. Beginning with an overview of the problem of high costs and the first empirical evidence on retirement plan fee lawsuits, they offer an overview of the current plan landscape. They then show, based on reforms to a real plan, how streamlining menus, eliminating pitfalls, and adopting static and dynamic limits on participant allocations to certain risky assets or 'guardrails' can reduce mistakes and lead to better retirement outcomes. Focusing on plausible, easy-to-implement interventions, Retirement Guardrails shows that fiduciaries need not be limited to screening out funds but can design menus to actively promote good choices.

Produktinformation

Utgivningsdatum2023-06-22
Mått152 x 228 x 12 mm
Vikt320 g
FormatHäftad
SpråkEngelska
Antal sidor214
FörlagCambridge University Press
ISBN9781009009843

Tillhör följande kategorier

Introduction; 1. The case for proactive fiduciaries; 2. Fees and dominated funds; 3. Of lawsuits and letters; 4. What more fiduciaries should learn: Assessing the prevalence of allocation errors; 5. What more fiduciaries should learn: Assessing whether participants portfolios perform poorly; 6. What fiduciaries can do to remedy menu misuse: Different ways to implement streamlining and guardrailing; 7. How should fiduciaries trade-off divergent participant interests?; 8. Can streamlining and guardrailing mitigate allocation error?; 9. The growing misuse of brokerage windows; Conclusion; Index.

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Ian Ayres, John Braithwaite, Stanford University) Ayres, Ian (Research Fellow, American Bar Foundation and Professor of Law, Research Fellow, American Bar Foundation and Professor of Law, American Bar Foundation) Braithwaite, John (Professorial Fellow in the Research School of Social Sciences, Australian National University; Visiting Fellow, American Bar Foundation, Professorial Fellow in the Research School of Social Sciences, Australian National University; Visiting Fellow

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