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VALLEY FORGE, Pa. — Taking the decision-making process away from investors when it comes to their 401(k) plans may be a new trend, but a just-released study suggests it could backfire.

The Vanguard Group has published a new study titled “Lessons from Behavioral Finance and the Autopilot 401(k) Plan.” While more than 60 million employees participated in defined contribution plans such as 401(k)s in 2003, many more still chose not to join despite employer matching contributions.

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