Retirement guardrails : how proactive fiduciaries can improve plan outcomes / Ian Ayres, Yale Law School; Quinn Curtis, University of Virginia School of Law.
Introduction -- The case for proactive fiduciaries -- Fees and dominated funds -- Of lawsuits and letters -- What more fiduciaries should learn : assessing the prevalence of allocation errors -- What more fiduciaries should learn : assessing whether participants portfolios perform poorly -- What fiduciaries can do to remedy menu misuse : different ways to implement streamlining and guardrailing -- How should fiduciaries trade-off divergent participant interests? -- Can streamlining and guardrailing mitigate allocation error? -- The growing misuse of brokerage windows -- Conclusion.
Summary:
"Uses real plan data to show that retirement plans should have limits on permissible allocations, or 'guardrails,' to improve participant welfare. 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"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.