Retirement plan participants who hand pick their own mix of investment options are generally exposed to greater risk due to reduced diversification and a tendency to not automatically adjust their portfolios over time, according to research from The Principal Financial Group.

In analyzing a subset of 2.4 million defined contribution accounts of The Principal, the company compared do-it-for-me participants who use a target date investment option with do-it-myself participants who select their own allocation and services.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access