Retirement Guardrails: How Proactive Fiduciaries Can Improve Plan Outcomes

Author:   Ian Ayres (Yale University, Connecticut) ,  Quinn Curtis (University of Virginia)
Publisher:   Cambridge University Press
ISBN:  

9781316518632


Pages:   180
Publication Date:   22 June 2023
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Retirement Guardrails: How Proactive Fiduciaries Can Improve Plan Outcomes


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Overview

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 – we've 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.

Full Product Details

Author:   Ian Ayres (Yale University, Connecticut) ,  Quinn Curtis (University of Virginia)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Weight:   0.463kg
ISBN:  

9781316518632


ISBN 10:   1316518639
Pages:   180
Publication Date:   22 June 2023
Audience:   Professional and scholarly ,  General/trade ,  Professional & Vocational ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

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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 Yale's 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.

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