In this week’s video update, Erik previews findings from a two-year analysis of over 30 retirement plans. The data shows that managed account usage is growing faster than plan participation, and the fees paid by participants are outpacing recordkeeping costs.
This trend raises critical fiduciary questions:
- Are participants being steered into managed accounts by recordkeepers?
- Do managed accounts improve retirement outcomes?
- Could rising costs lead to future litigation for plan sponsors?
Understanding how behavioral finance influences participant decisions—and how service providers shape those decisions—is essential for fiduciary oversight.
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