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.

Perspectives on custom target-date strategies in DC plans

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.

  Read summary

  Read white paper

Low-income workers and retirement: Congressional testimony

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.

  Read summary

  Read PDF

Top questions sponsors ask: Saving, investing, drawdowns

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.

Behavioral effects and indexing for participants

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.

  Read summary

  Read white paper

Retirement distribution decisions among DC participants

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.

  Read summary

  Read white paper

 
 
 

Connect with us®

 
© 1995–2014  The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, distributor.
Your use of this site signifies that you accept our terms & conditions of use.
Obtain prospectus