Fund Lineup Sizing
Both pluses and minuses to increasing or reducing plan investment menus, research says.
Tag: retirement plan investment menus
Optimal Number of 401(k) Investment Categories Between 12 and 20 Study Says
Offering fewer than 12 categories may mean participants are not being given sufficient opportunity to diversify, and offering more than 20 could lead to lower average investment in each fund, which may cause higher fees, ERISApedia.com says.
Vestwell Integrates Morningstar 3(21) Fiduciary Services to Platform
Financial advisers can help plan sponsors address their fiduciary responsibilities while creating their own investment product lineup from menus of funds on which Morningstar has performed due diligence.