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Morningstar Launches New Research Center to Help Improve the U.S. Retirement System
CHICAGO, March 1, 2022 /PRNewswire/ -- The Workplace Solutions group within Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc. (Nasdaq:
About this update from Morningstar, Inc.
[{"type":"text","content":"CHICAGO, March 1, 2022 /PRNewswire/ -- The Workplace Solutions group within Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today launched the Morningstar Center for Retirement and Policy Studies. The Center will provide the industry with unbiased, actionable data and insight for decision-makers seeking to improve retirement plans and outcomes for retirement savers. Today, the Center released its inaugural report, \"Retirement Plan Landscape Report,\" which is designed to help the industry better gauge the health of the U.S. retirement system. \n\"There is a lot of great research out there, but some of it lacks in transparency and doesn't dive deep enough into areas like plan investment holdings, plan quality, and participants costs. We want to change that,\" said Aron Szapiro, head of retirement studies and public policy at Morningstar, Inc./Morningstar Investment Management LLC. \"By using Morningstar's independent data and capabilities, we can shed light on these areas and bring clarity around the true state of the U.S. retirement system.\"\nThe Center's primary research team includes Szapiro as well as Jack VanDerhei, director of retirement studies for Morningstar Investment Management LLC, and Lia Mitchell, senior analyst of policy research for Morningstar, Inc. VanDerhei joined Morningstar Investment Management LLC on March 1, 2022 and will be responsible for modeling the impact policy changes and proposals might have on U.S. retirement preparedness, as well as the effects of plan sponsors' decisions on participants. He was previously research director at the Employee Benefit Research Institute.\n\"It's an honor to join Morningstar and be a part of an organization that is known for its independence, investor-first focus, and overall commitment toward improving the retirement space. With the opening of the Center, it's a terrific opportunity to try to expand access to, and participation in, the retirement system by helping more Americans save for the future they want,\" said VanDerhei.\nMorningstar's \"Retirement Plan Landscape Report\" explores four aspects of the U.S. retirement system, including: trends across coverage, assets, and numbers of defined-contribution plans; costs to workers and retirees within these plans, as well...