The Yale Law Journal

Quinn Curtis

Article

Beyond Diversification: The Pervasive Problem of Excessive Fees and "Dominated Funds" in 401(k) Plans

Ian Ayres & Quinn Curtis

Notwithstanding ERISA‚Äôs fiduciary requirements, a significant portion of 401(k) plans establish investment menus that predictably lead investors to hold high-cost portfolios. Using data from more than 3,500 401(k) plans with more than $120 billion i…