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Retirement Guardrails: How Proactive Fiduciaries Can Improve Plan Outcomes - Softcover

 
9781009009843: Retirement Guardrails: How Proactive Fiduciaries Can Improve Plan Outcomes
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  • PublisherCambridge University Press
  • Publication date2023
  • ISBN 10 1009009842
  • ISBN 13 9781009009843
  • BindingPaperback
  • Number of pages214

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Ayres, Ian; Curtis, Quinn
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Book Description Paperback. Condition: new. Paperback. 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. Uses real plan data to show that retirement plans should use 'guardrails' to limit an employee's ability to unwisely allocate their investments . Provides unique insight into the law and economics of retirement plan design to demonstrate how plan fiduciaries can act proactively to create menus that benefit both employers and investors. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009009843

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