Your Plan Administrator Is A Lousy Fund Picker


Wealth Killer # 3  Your Plan Administrator Is A Lousy Fund Picker.


 A study from the Center for Retirement Research at Boston College in June 2013 found that plan  administrators choose mutual funds that lag    comparable indexes. Just like the rest of us humans,  they routinely chase returns. About the best thing the  study could say was that, even though employers  choose funds that lag the indexes, at least their choices were better than randomly selected funds. (Translation: Their choices were marginally better than a monkey throwing darts, or a random-name generator.)


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