Mr. Utkus is a principal and director of Vanguard Center for Retirement Research. The Center conducts and sponsors research on retirement savings in the United States, with an emphasis on private defined contribution retirement plans. Its work is designed to assist employers, consultants, policymakers, and the media in understanding developments in the U.S. retirement system. Mr. Utkus's research interests also include behavioral finance and the role of psychology in household financial decisions.
Mr. Utkus earned a B.S. from the Massachusetts Institute of Technology and an M.B.A. from The Wharton School of the University of Pennsylvania. He is a member of the advisory board of the Wharton Pension Research Council and is currently a visiting scholar at Wharton. Mr. Utkus is a member of the board of trustees of the Employee Benefits Research Institute in Washington, D.C.
April 03, 2014
Before plan sponsors commit to a custom target-date strategy, they must weigh the benefits and costs of a custom approach versus a proprietary TDF series. This paper offers a comprehensive due-diligence overview.
March 17, 2014
In recent Congressional testimony, Vanguard Center for Retirement Research head Steve Utkus offered perspective on the current state of retirement security, particularly for those with low lifetime incomes.
March 17, 2014
Besides saving and investing, including the role of autopilot programs and target-date funds, plan sponsors are looking for ways to help their participants with retirement income options.
February 27, 2014
Indexing in DC plans has increased sharply. In light of this trend, this retirement research paper explores participant behavioral mechanisms and how plan menu decisions can affect the cost and active risk exposure of an entire plan.
December 17, 2013
Despite heightened market uncertainty, most retirement-age defined contribution (DC) plan participants continue to move assets from their employer’s plan within five years of leaving, usually opting for an IRA rollover account.