"Employee Benefits Overload: Too Many Options May Be a Turnoff A surprising new study reveals that when it comes to employer-matched retirement accounts, more is not always better. Contrary to conventional wisdom, research suggests that companies offering a wide range of investment options may actually deter employees from participating, even when the employer matches their contributions. The findings raise important questions about the effectiveness of traditional retirement savings plans and the need for a more streamlined approach to employee benefits. Will companies rethink their approach to employee benefits, or will the status quo persist?"
The more options a company had, the less likely employees were to sign up, even when the employer offered matching money.
