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How Much Choice is Too Much? Contributions to 401(k) Retirement Plans (PDF)
Pension Research Council Working Paper
Nov. 12, 2003 21 pages. Excerpt: Using data from nearly 800,000 employees, we tested the hypothesis that employee 401(k) participation rates fall as the number of fund options increase. Our results confirm that participation in 401(k) plans is lower in plans offering a handful of funds, as compared to plans offering ten or more options. [WP2003-10] MORE >> |
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