(Just Because) Survey Says?
We’re often told (via surveys) of any number of retirement plan options that plan participants want. Should it matter? Most recently, we’re assured that participants are clamoring to have access to private market investments . Before that, it was cryptocurrency — and for what seems like months now it’s all been about retirement income . Apparently vast majorities of participants are eager to have access through their 401(k) to an array of complex financial instruments to which they have, thus far, been largely (or totally) barred — or so surveys say. Indeed, I’ve always been amazed that organizations are able to find so many ostensibly knowledgeable participants to weigh in on these complex topics — particularly since there is an abundance of (other) surveys that suggest that when it comes to financial matters, participants are, largely, clueless. Not that that seems to dampen their collective interest in these new options — though when given a chanc...