A new research paper by Donald B. Keim, the John B. Neff Professor of Finance at The Wharton School, University of Pennsylvania, and Olivia S. Mitchell, professor of insurance, risk management and business economics with Wharton’s Policy Pension Research Council, takes a deep dive into an interesting case study in which a real retirement plan sponsor fundamentally reworked its investment menu. The research clearly shows the reformed menu promoted better decisionmaking by retirement plan participants, and researchers estimate it could lead to millions in savings for plan participants.Read more > |