Although the average number of fund choices in a 401(k) plan is 15, many employers offer dozens and dozens of selections. But a number of leading companies are now beginning to trim those offerings back, which should be very beneficial to investors, as it helps boost participation, The Wall Street Journal reports.

Plans that offer only two investment choices experience participation rates of 75%, a recent study by Columbia University found. For every additional 10 choices, participation drops 2%

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