Retirement Guardrails: How Proactive Fiduciaries Can Improve Plan Outcomes by Ia

Description: Retirement Guardrails by Ian Ayres, Quinn Curtis Uses real plan data to show that retirement plans should use guardrails to limit an employees ability to unwisely allocate their investments . Provides unique insight into the law and economics of retirement plan design to demonstrate how plan fiduciaries can act proactively to create menus that benefit both employers and investors. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description 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 – weve 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. Author Biography Ian Ayres is a lawyer and economist. They are Deputy Dean and the Oscar M. Ruebhausen Professor at Yale Law School and a Professor at Yales School of Management. Quinn Curtis is Professor of Law and an Economist at the University of Virginia School of Law. His work focuses on the regulation of retirement plans and investments. Table of Contents Introduction; 1. The case for proactive fiduciaries; 2. Fees and dominated funds; 3. Of lawsuits and letters; 4. What more fiduciaries should learn: Assessing the prevalence of allocation errors; 5. What more fiduciaries should learn: Assessing whether participants portfolios perform poorly; 6. What fiduciaries can do to remedy menu misuse: Different ways to implement streamlining and guardrailing; 7. How should fiduciaries trade-off divergent participant interests?; 8. Can streamlining and guardrailing mitigate allocation error?; 9. The growing misuse of brokerage windows; Conclusion; Index. Review A masterpiece of meticulous and exhaustive research … an insightfully informative, thoughtful, thought-provoking, and highly recommended contribution to personal, professional, college, and university library Contemporary Economics and Money/Finance Studies collections and supplemental curriculum studies lists. James A. Cox, Midwest Book Review Promotional Uses real plan data to show that retirement plans should limit an employees ability to unwisely allocate their investments. Details ISBN1316518639 Author Quinn Curtis Short Title Retirement Guardrails Publisher Cambridge University Press Language English Year 2023 ISBN-10 1316518639 ISBN-13 9781316518632 Format Hardcover Subtitle How Proactive Fiduciaries Can Improve Plan Outcomes Pages 180 Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom Illustrations Worked examples or Exercises AU Release Date 2023-05-31 NZ Release Date 2023-05-31 Publication Date 2023-06-22 UK Release Date 2023-06-22 Alternative 9781009001007 DEWEY 344.7301252 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:142657902;

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