$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans
نویسندگان
چکیده
منابع مشابه
Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans
We identify employees at seven companies whose 401(k) investment choices are dominated because they are contributing less than the employer matching contribution threshold despite being vested in their match and being able to make penalty-free 401(k) withdrawals for any reason because they are older than 591⁄2. At the average firm, 36% of match-eligible employees over age 591⁄2 forgo arbitrage ...
متن کامل$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans.
We identify employees at seven companies whose 401(k) investment choices are dominated because they are contributing less than the employer matching contribution threshold despite being vested in their match and being able to make penalty-free 401(k) withdrawals for any reason because they are older than 59½. At the average firm, 36% of match-eligible employees over 59½ forego arbitrage profits...
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Defined-contribution plans represent a major organizational form for investors’ retirement savings. Today more than one third of all workers are enrolled in 401K plans. In a 401K plan, participants select assets from a set of choices designated by an employer. For over half of 401K-plan participants, retirement savings represent their sole financial asset. Yet to date there has been no study of...
متن کامل$100 Bills on the Sidewalk: Violations of No-Arbitrage in 401(k) Accounts
We identify employees at seven companies whose 401(k) investment choices are dominated because they are contributing less than the employer matching contribution threshold despite being vested in their match and being able to make penalty-free 401(k) withdrawals for any reason because they are older than 591⁄2. At the average firm, 36% of match-eligible employees over age 591⁄2 forgo arbitrage ...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2011
ISSN: 0034-6535,1530-9142
DOI: 10.1162/rest_a_00100