Fund Assortments and 401(K) Plan Participation: The Moderating Effect of Gender
Networks Financial Institute Working Paper No. 2009-WP-06
21 Pages Posted: 14 Jul 2009 Last revised: 19 May 2014
Date Written: June 1, 2009
We report the results of a decision simulation conducted among 349 adults whose task was to invest in a hypothetical 401(k) retirement plan. We varied the number of mutual funds offered for investment and observed the effects on the incidence and extent of participation. The results indicate that larger fund assortments tend to reduce participation among women, but increase it among men. Implications and suggestions for future research are discussed.
Keywords: retirement investing, gender, fund assortments
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