Retirement Guardrails - How Proactive Fiduciaries Can Improve Plan Outcomes (Hardcover)

Scores of lawsuits have pushed retirement plan sponsors to shorter, easier-to-navigate menus, but - as Ian Ayres and Quinn Curtis argue in this work - we've only scratched the surface of retirement plan design. Using participant-level plan data and straightforward tests, Ayres and Curtis show how plan sponsors can monitor plans for likely allocation mistakes and adapt menus to encourage success. Beginning with an overview of the problem of high costs and the first empirical evidence on retirement plan fee lawsuits, they offer an overview of the current plan landscape. They then show, based on reforms to a real plan, how streamlining menus, eliminating pitfalls, and adopting static and dynamic limits on participant allocations to certain risky assets or 'guardrails' can reduce mistakes and lead to better retirement outcomes. Focusing on plausible, easy-to-implement interventions, Retirement Guardrails shows that fiduciaries need not be limited to screening out funds but can design menus to actively promote good choices.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	April 2023
Authors:	Ian Ayres • Quinn Curtis
Format:	Hardcover
Pages:	180
ISBN-13:	978-1-316-51863-2
Categories:	Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law Promotions
LSN:	1-316-51863-9
Barcode:	9781316518632

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