Page 191 - DCAC May 2024 Files

Data from Fidelity Investments has shown that the average number of investment options has decreased from 26.3 in
A study by the US Department of Labor found that for every 10 funds added to a 401k plan, participation in the plan
Plan sponsors must monitor all investment options. An overly large fund menu can be difficult and time consuming to
Periodic evaluation can help discern if plans should take advantage of higher minimum at lower fees as well as other

investment vehicles such as CITs. Fewer choices create more opportunities for economies of scale.

2010 to 15.4 in 2020 2 . Target date fund suites are considered a single fund.

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Fiduciary Topics & Trends Investment Menu Design Participant Behavior Less is More • decreased by 1.5-2% 1 . Plan Sponsor Considerations Plan Sponsors Have Streamlined Investment Menus over the Past Decade • Fiduciary Concerns • • effectively monitor. 1 https://clear.dol.gov/study/how-much-choice-too-much-contributions-401-k-retirement-plans-iyengar-et-al-2003 2 https://www.shrm.org/topics-tools/news/benefi