Core Menu Size and Participant Investment Behaviors

Prior studies of core menu size in defined contribution plans found that smaller menus improve employee participation rates by reducing choice overload. However, the widespread adoption of automatic enrollment and default investments requires revisiting this research to determine its continued relevancy. In this short paper, we summarize the findings from our latest research on core menu size and participant behaviors.


In this summary report, you will learn:
  • A summary of our original research “Bigger Is Better: Defined Contribution Menu Choices With Plan Defaults”
  • Quick, key takeaways on how core menu size may impact participant behaviors
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