Asset manager-sponsored plans are also more complex in their investment offerings, which makes sense given the makeup of their participants. (Photo: Getty)
Asset managers running the 401(k)s for their own employees differ in some important aspects from 401(k)s in general, according to research from the Callan Institute, and while some of those differences are beneficial, other differences perhaps aren't suitable for participants overall.
Manager-sponsored plans, according to the report, had higher balances and much higher employer and employee contribution rates than the broader population of plans—a Really Good Thing, considering how the average participant of the average plan is faring.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
