Mutual Fund Companies Tend to Favor Own Funds in 401(k) Menus
Who has the most influence on an employer’s 401(k) retirement plan investment menu — you as the plan sponsor? Participants? The company’s ERISA attorneys or investment committee? Chances are, it’s the plan’s mutual fund manager. A new study from two U.S. university business professors and an economist for the U.S. Federal Reserve concludes that fund […]