Use of Advisors and Retirement Plan Performance

Autor/inn/en	Yao, Rui; Wu, Weipeng; Mendenhall, Cody
Titel	Use of Advisors and Retirement Plan Performance
Quelle	In: Journal of Financial Counseling and Planning, 31 (2020) 2, S.342-356 (15 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Zusatzinformation	ORCID (Yao, Rui) ORCID (Wu, Weipeng)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Money Management; Retirement; Planning; Investment; Case Studies; Decision Making; Benchmarking; Counselors + Suchen Sie Ihr Suchwort? Pensionierung; Ablaufplanung; Planungsprozess; Investments; Geldanlage; Investiton; Case study; Fallstudie; Case Study; Decision-making; Entscheidungsfindung; Counselor; Counsellor; Counsellors; Berater
Abstract	As defined contribution (DC) plans become more popular than defined benefit (DB) plans, American workers are increasingly responsible for their retirement savings. Because retirement plan participants' portfolio allocation is constrained by the available funds in the plan, the construction of a plan's investment menu has become extremely important. No research has evaluated fund selection in retirement plans or compared plans involving an advisor with self-directed plans. To fill this research gap, this study employs cross-sectional, nationwide data that include 5,570 retirement plans with 100 or more participants in 2013, 2014, and 2015. Results show that in most cases, using advisors is not related to plan performance. Plan sponsors should require advisors to periodically evaluate the performance of plans under their management using objective measures. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01