Benefits Think 3 ways to help 401(k) plan participants become better investors

In a recent speech, Charlie Ellis, founder of the international consulting firm Greenwich Associates, shared the challenges 401(k) participants face in becoming better investors. As outlined recently in Think Advisor, Ellis cited survey data which indicated that 80% of people think they’re above-average investors. He shared the following false signals that lead to that conclusion:

• Confirmation bias. We actively seek and retain information that confirms what we already believe.