Tag: retirement funds
Not all actively managed funds have high fees, and not all index funds have low fees. Every time I talk about investment fees, I lapse into arguing for index funds rather than actively managed funds. And every time I do so, both friend and foe point out that not all actively managed funds have hig…
Abstract At three large firms offering 401(k) plans, we assess the impact of financial literacy and trust on 401(k) savings behavior in voluntary and automatic enrollment 401(k) plans. Financial literacy plays a critical role in improving 401(k) savings behavior — it reduces both the proportion of non-joiners in voluntary 401(k) plans and the proportion of…