id	sid	tid	token	lemma	pos
fsr-3923	1	1	pii	pii	PROPN
fsr-3923	1	2	:	:	PUNCT
fsr-3923	1	3	s1057	s1057	NOUN
fsr-3923	1	4	-	-	PUNCT
fsr-3923	1	5	0810(01)00066	0810(01)00066	NOUN
fsr-3923	1	6	-	-	PUNCT
fsr-3923	1	7	x	x	NOUN
fsr-3923	1	8	design	design	NOUN
fsr-3923	1	9	considerations	consideration	NOUN
fsr-3923	1	10	for	for	ADP
fsr-3923	1	11	large	large	ADJ
fsr-3923	1	12	public	public	ADJ
fsr-3923	1	13	sector	sector	NOUN
fsr-3923	1	14	defined	define	VERB
fsr-3923	1	15	contribution	contribution	NOUN
fsr-3923	1	16	plans	plan	VERB
fsr-3923	1	17	<	<	X
fsr-3923	1	18	kevin	kevin	PROPN
fsr-3923	1	19	w.	w.	PROPN
fsr-3923	1	20	sigrista,1	sigrista,1	PROPN
fsr-3923	1	21	,	,	PUNCT
fsr-3923	1	22	stewart	stewart	PROPN
fsr-3923	1	23	l.	l.	PROPN
fsr-3923	1	24	brownb	brownb	PROPN
fsr-3923	1	25	,	,	PUNCT
fsr-3923	1	26	*	*	PUNCT
fsr-3923	1	27	aflorida	aflorida	PROPN
fsr-3923	1	28	state	state	PROPN
fsr-3923	1	29	board	board	PROPN
fsr-3923	1	30	of	of	ADP
fsr-3923	1	31	administration	administration	PROPN
fsr-3923	1	32	bflorida	bflorida	PROPN
fsr-3923	1	33	state	state	PROPN
fsr-3923	1	34	university	university	PROPN
fsr-3923	1	35	,	,	PUNCT
fsr-3923	1	36	tallahassee	tallahassee	PROPN
fsr-3923	1	37	,	,	PUNCT
fsr-3923	1	38	fl	fl	PROPN
fsr-3923	1	39	32306	32306	NUM
fsr-3923	1	40	,	,	PUNCT
fsr-3923	1	41	usa	usa	PROPN
fsr-3923	1	42	received	receive	VERB
fsr-3923	1	43	14	14	NUM
fsr-3923	1	44	may	may	PROPN
fsr-3923	1	45	2000	2000	NUM
fsr-3923	1	46	;	;	PUNCT
fsr-3923	1	47	received	receive	VERB
fsr-3923	1	48	in	in	ADP
fsr-3923	1	49	revised	revise	VERB
fsr-3923	1	50	form	form	NOUN
fsr-3923	1	51	20	20	NUM
fsr-3923	1	52	october	october	PROPN
fsr-3923	1	53	2000	2000	NUM
fsr-3923	1	54	;	;	PUNCT
fsr-3923	1	55	accepted	accept	VERB
fsr-3923	1	56	1	1	NUM
fsr-3923	1	57	december	december	PROPN
fsr-3923	1	58	2000	2000	NUM
fsr-3923	1	59	abstract	abstract	NOUN
fsr-3923	1	60	the	the	DET
fsr-3923	1	61	paper	paper	NOUN
fsr-3923	1	62	identifies	identify	VERB
fsr-3923	1	63	differences	difference	NOUN
fsr-3923	1	64	between	between	ADP
fsr-3923	1	65	private	private	ADJ
fsr-3923	1	66	(	(	PUNCT
fsr-3923	1	67	401	401	NUM
fsr-3923	1	68	(	(	PUNCT
fsr-3923	1	69	k	k	NOUN
fsr-3923	1	70	)	)	PUNCT
fsr-3923	1	71	)	)	PUNCT
fsr-3923	1	72	plans	plan	NOUN
fsr-3923	1	73	,	,	PUNCT
fsr-3923	1	74	which	which	PRON
fsr-3923	1	75	have	have	AUX
fsr-3923	1	76	evolved	evolve	VERB
fsr-3923	1	77	under	under	ADP
fsr-3923	1	78	erisa	erisa	NOUN
fsr-3923	1	79	and	and	CCONJ
fsr-3923	1	80	existing	exist	VERB
fsr-3923	1	81	public	public	ADJ
fsr-3923	1	82	plans	plan	NOUN
fsr-3923	1	83	,	,	PUNCT
fsr-3923	1	84	which	which	PRON
fsr-3923	1	85	have	have	VERB
fsr-3923	1	86	not	not	PART
fsr-3923	1	87	.	.	PUNCT
fsr-3923	2	1	examination	examination	NOUN
fsr-3923	2	2	of	of	ADP
fsr-3923	2	3	model	model	NOUN
fsr-3923	2	4	legislation	legislation	NOUN
fsr-3923	2	5	reveals	reveal	VERB
fsr-3923	2	6	that	that	SCONJ
fsr-3923	2	7	public	public	ADJ
fsr-3923	2	8	plans	plan	NOUN
fsr-3923	2	9	should	should	AUX
fsr-3923	2	10	largely	largely	ADV
fsr-3923	2	11	conform	conform	VERB
fsr-3923	2	12	to	to	ADP
fsr-3923	2	13	erisa	erisa	NOUN
fsr-3923	2	14	going	go	VERB
fsr-3923	2	15	forward	forward	ADV
fsr-3923	2	16	and	and	CCONJ
fsr-3923	2	17	reflect	reflect	VERB
fsr-3923	2	18	best	good	ADJ
fsr-3923	2	19	practices	practice	NOUN
fsr-3923	2	20	in	in	ADP
fsr-3923	2	21	the	the	DET
fsr-3923	2	22	private	private	ADJ
fsr-3923	2	23	sector	sector	NOUN
fsr-3923	2	24	.	.	PUNCT
fsr-3923	3	1	empirical	empirical	ADJ
fsr-3923	3	2	analysis	analysis	NOUN
fsr-3923	3	3	of	of	ADP
fsr-3923	3	4	equity	equity	NOUN
fsr-3923	3	5	mutual	mutual	ADJ
fsr-3923	3	6	funds	fund	NOUN
fsr-3923	3	7	with	with	ADP
fsr-3923	3	8	$	$	SYM
fsr-3923	3	9	1.8	1.8	NUM
fsr-3923	3	10	trillion	trillion	NUM
fsr-3923	3	11	in	in	ADP
fsr-3923	3	12	assets	asset	NOUN
fsr-3923	3	13	and	and	CCONJ
fsr-3923	3	14	institutional	institutional	ADJ
fsr-3923	3	15	equity	equity	NOUN
fsr-3923	3	16	accounts	account	VERB
fsr-3923	3	17	with	with	ADP
fsr-3923	3	18	$	$	SYM
fsr-3923	3	19	98	98	NUM
fsr-3923	3	20	billion	billion	NUM
fsr-3923	3	21	in	in	ADP
fsr-3923	3	22	assets	asset	NOUN
fsr-3923	3	23	demonstrates	demonstrate	VERB
fsr-3923	3	24	efficiencies	efficiency	NOUN
fsr-3923	3	25	in	in	ADP
fsr-3923	3	26	separately	separately	ADV
fsr-3923	3	27	procured	procure	VERB
fsr-3923	3	28	institutional	institutional	ADJ
fsr-3923	3	29	investment	investment	NOUN
fsr-3923	3	30	,	,	PUNCT
fsr-3923	3	31	administrative	administrative	ADJ
fsr-3923	3	32	and	and	CCONJ
fsr-3923	3	33	educational	educational	ADJ
fsr-3923	3	34	services	service	NOUN
fsr-3923	3	35	relative	relative	ADJ
fsr-3923	3	36	to	to	ADP
fsr-3923	3	37	retail	retail	ADJ
fsr-3923	3	38	investment	investment	NOUN
fsr-3923	3	39	products	product	NOUN
fsr-3923	3	40	.	.	PUNCT
fsr-3923	4	1	the	the	DET
fsr-3923	4	2	analysis	analysis	NOUN
fsr-3923	4	3	points	point	VERB
fsr-3923	4	4	to	to	ADP
fsr-3923	4	5	tension	tension	NOUN
fsr-3923	4	6	between	between	ADP
fsr-3923	4	7	the	the	DET
fsr-3923	4	8	duties	duty	NOUN
fsr-3923	4	9	of	of	ADP
fsr-3923	4	10	trustees	trustee	NOUN
fsr-3923	4	11	and	and	CCONJ
fsr-3923	4	12	the	the	DET
fsr-3923	4	13	demands	demand	NOUN
fsr-3923	4	14	of	of	ADP
fsr-3923	4	15	participants	participant	NOUN
fsr-3923	4	16	requesting	request	VERB
fsr-3923	4	17	large	large	ADJ
fsr-3923	4	18	numbers	number	NOUN
fsr-3923	4	19	of	of	ADP
fsr-3923	4	20	retail	retail	ADJ
fsr-3923	4	21	investment	investment	NOUN
fsr-3923	4	22	options	option	NOUN
fsr-3923	4	23	.	.	PUNCT
fsr-3923	5	1	©	©	PROPN
fsr-3923	5	2	2001	2001	NUM
fsr-3923	5	3	elsevier	elsevier	PROPN
fsr-3923	5	4	science	science	PROPN
fsr-3923	5	5	inc	inc	PROPN
fsr-3923	5	6	.	.	PUNCT
fsr-3923	6	1	all	all	DET
fsr-3923	6	2	rights	right	NOUN
fsr-3923	6	3	reserved	reserve	VERB
fsr-3923	6	4	.	.	PUNCT
fsr-3923	7	1	jel	jel	PROPN
fsr-3923	7	2	classification	classification	PROPN
fsr-3923	7	3	:	:	PUNCT
fsr-3923	7	4	g23	g23	NOUN
fsr-3923	7	5	;	;	PUNCT
fsr-3923	7	6	g28	g28	NOUN
fsr-3923	7	7	;	;	PUNCT
fsr-3923	7	8	h55	h55	PROPN
fsr-3923	7	9	;	;	PUNCT
fsr-3923	7	10	h72	h72	NOUN
fsr-3923	7	11	;	;	PUNCT
fsr-3923	7	12	j26	j26	NOUN
fsr-3923	7	13	1	1	X
fsr-3923	7	14	.	.	PUNCT
fsr-3923	8	1	introduction	introduction	NOUN
fsr-3923	8	2	the	the	DET
fsr-3923	8	3	public	public	ADJ
fsr-3923	8	4	sector	sector	NOUN
fsr-3923	8	5	increasingly	increasingly	ADV
fsr-3923	8	6	uses	use	VERB
fsr-3923	8	7	defined	define	VERB
fsr-3923	8	8	contribution	contribution	NOUN
fsr-3923	8	9	(	(	PUNCT
fsr-3923	8	10	dc	dc	PROPN
fsr-3923	8	11	)	)	PUNCT
fsr-3923	8	12	pension	pension	NOUN
fsr-3923	8	13	plans	plan	NOUN
fsr-3923	8	14	,	,	PUNCT
fsr-3923	8	15	either	either	CCONJ
fsr-3923	8	16	as	as	ADP
fsr-3923	8	17	supplement	supplement	NOUN
fsr-3923	8	18	or	or	CCONJ
fsr-3923	8	19	in	in	ADP
fsr-3923	8	20	place	place	NOUN
fsr-3923	8	21	of	of	ADP
fsr-3923	8	22	the	the	DET
fsr-3923	8	23	more	more	ADV
fsr-3923	8	24	traditional	traditional	ADJ
fsr-3923	8	25	defined	define	VERB
fsr-3923	8	26	benefit	benefit	NOUN
fsr-3923	8	27	(	(	PUNCT
fsr-3923	8	28	db	db	NOUN
fsr-3923	8	29	)	)	PUNCT
fsr-3923	8	30	pension	pension	NOUN
fsr-3923	8	31	plans	plan	NOUN
fsr-3923	8	32	.	.	PUNCT
fsr-3923	9	1	optional	optional	ADJ
fsr-3923	9	2	dc	dc	PROPN
fsr-3923	9	3	programs	program	NOUN
fsr-3923	9	4	have	have	AUX
fsr-3923	9	5	been	be	AUX
fsr-3923	9	6	in	in	ADP
fsr-3923	9	7	place	place	NOUN
fsr-3923	9	8	for	for	ADP
fsr-3923	9	9	a	a	DET
fsr-3923	9	10	number	number	NOUN
fsr-3923	9	11	of	of	ADP
fsr-3923	9	12	years	year	NOUN
fsr-3923	9	13	for	for	ADP
fsr-3923	9	14	public	public	ADJ
fsr-3923	9	15	university	university	NOUN
fsr-3923	9	16	faculty	faculty	NOUN
fsr-3923	9	17	,	,	PUNCT
fsr-3923	9	18	but	but	CCONJ
fsr-3923	9	19	in	in	ADP
fsr-3923	9	20	recent	recent	ADJ
fsr-3923	9	21	years	year	NOUN
fsr-3923	9	22	a	a	DET
fsr-3923	9	23	number	number	NOUN
fsr-3923	9	24	of	of	ADP
fsr-3923	9	25	large	large	ADJ
fsr-3923	9	26	public	public	ADJ
fsr-3923	9	27	employee	employee	NOUN
fsr-3923	9	28	retirement	retirement	NOUN
fsr-3923	9	29	systems	system	NOUN
fsr-3923	9	30	have	have	AUX
fsr-3923	9	31	adopted	adopt	VERB
fsr-3923	9	32	or	or	CCONJ
fsr-3923	9	33	are	be	AUX
fsr-3923	9	34	in	in	ADP
fsr-3923	9	35	<	<	X
fsr-3923	9	36	the	the	DET
fsr-3923	9	37	views	view	NOUN
fsr-3923	9	38	expressed	express	VERB
fsr-3923	9	39	in	in	ADP
fsr-3923	9	40	this	this	DET
fsr-3923	9	41	paper	paper	NOUN
fsr-3923	9	42	are	be	AUX
fsr-3923	9	43	solely	solely	ADV
fsr-3923	9	44	those	those	PRON
fsr-3923	9	45	of	of	ADP
fsr-3923	9	46	the	the	DET
fsr-3923	9	47	authors	author	NOUN
fsr-3923	9	48	and	and	CCONJ
fsr-3923	9	49	do	do	AUX
fsr-3923	9	50	not	not	PART
fsr-3923	9	51	represent	represent	VERB
fsr-3923	9	52	the	the	DET
fsr-3923	9	53	positions	position	NOUN
fsr-3923	9	54	of	of	ADP
fsr-3923	9	55	their	their	PRON
fsr-3923	9	56	employers	employer	NOUN
fsr-3923	9	57	.	.	PUNCT
fsr-3923	10	1	the	the	DET
fsr-3923	10	2	authors	author	NOUN
fsr-3923	10	3	would	would	AUX
fsr-3923	10	4	like	like	VERB
fsr-3923	10	5	to	to	PART
fsr-3923	10	6	express	express	VERB
fsr-3923	10	7	their	their	PRON
fsr-3923	10	8	appreciation	appreciation	NOUN
fsr-3923	10	9	for	for	ADP
fsr-3923	10	10	helpful	helpful	ADJ
fsr-3923	10	11	comments	comment	NOUN
fsr-3923	10	12	from	from	ADP
fsr-3923	10	13	jim	jim	PROPN
fsr-3923	10	14	francis	francis	PROPN
fsr-3923	10	15	,	,	PUNCT
fsr-3923	10	16	russ	russ	PROPN
fsr-3923	10	17	ivinjack	ivinjack	PROPN
fsr-3923	10	18	and	and	CCONJ
fsr-3923	10	19	john	john	PROPN
fsr-3923	10	20	freeman	freeman	PROPN
fsr-3923	10	21	.	.	PUNCT
fsr-3923	11	1	*	*	PUNCT
fsr-3923	11	2	corresponding	correspond	VERB
fsr-3923	11	3	author	author	NOUN
fsr-3923	11	4	.	.	PUNCT
fsr-3923	12	1	tel.:11	tel.:11	PROPN
fsr-3923	12	2	-	-	PUNCT
fsr-3923	12	3	850	850	NUM
fsr-3923	12	4	-	-	PUNCT
fsr-3923	12	5	644	644	NUM
fsr-3923	12	6	-	-	NUM
fsr-3923	12	7	9657	9657	NUM
fsr-3923	12	8	;	;	PUNCT
fsr-3923	12	9	fax:11	fax:11	NOUN
fsr-3923	12	10	-	-	PUNCT
fsr-3923	12	11	850	850	NUM
fsr-3923	12	12	-	-	PUNCT
fsr-3923	12	13	644	644	NUM
fsr-3923	12	14	-	-	PUNCT
fsr-3923	12	15	4225	4225	NUM
fsr-3923	12	16	.	.	PUNCT
fsr-3923	13	1	e	e	X
fsr-3923	13	2	-	-	NOUN
fsr-3923	13	3	mail	mail	NOUN
fsr-3923	13	4	addresses:sigrist_kevin@fsba.state.fl.us	addresses:sigrist_kevin@fsba.state.fl.us	INTJ
fsr-3923	13	5	(	(	PUNCT
fsr-3923	13	6	k.w	k.w	PROPN
fsr-3923	13	7	.	.	PROPN
fsr-3923	13	8	sigrist	sigrist	PROPN
fsr-3923	13	9	)	)	PUNCT
fsr-3923	13	10	,	,	PUNCT
fsr-3923	13	11	sbrown@cob.fsu.edu	sbrown@cob.fsu.edu	PROPN
fsr-3923	13	12	(	(	PUNCT
fsr-3923	13	13	s.l	s.l	PROPN
fsr-3923	13	14	.	.	PROPN
fsr-3923	13	15	brown	brown	PROPN
fsr-3923	13	16	)	)	PUNCT
fsr-3923	13	17	.	.	PUNCT
fsr-3923	14	1	financial	financial	ADJ
fsr-3923	14	2	services	service	NOUN
fsr-3923	14	3	review	review	VERB
fsr-3923	14	4	9	9	NUM
fsr-3923	14	5	(	(	PUNCT
fsr-3923	14	6	2000	2000	NUM
fsr-3923	14	7	)	)	PUNCT
fsr-3923	15	1	197–218	197–218	NUM
fsr-3923	15	2	1057	1057	NUM
fsr-3923	15	3	-	-	SYM
fsr-3923	15	4	0810/00/$	0810/00/$	NUM
fsr-3923	15	5	–	–	PUNCT
fsr-3923	15	6	see	see	VERB
fsr-3923	15	7	front	front	ADJ
fsr-3923	15	8	matter	matter	NOUN
fsr-3923	15	9	©	©	PROPN
fsr-3923	15	10	2001	2001	NUM
fsr-3923	15	11	elsevier	elsevier	PROPN
fsr-3923	15	12	science	science	PROPN
fsr-3923	15	13	inc	inc	PROPN
fsr-3923	15	14	.	.	PUNCT
fsr-3923	16	1	all	all	DET
fsr-3923	16	2	rights	right	NOUN
fsr-3923	16	3	reserved	reserve	VERB
fsr-3923	16	4	.	.	PUNCT
fsr-3923	17	1	pii	pii	NOUN
fsr-3923	17	2	:	:	PUNCT
fsr-3923	17	3	s1057	s1057	NOUN
fsr-3923	17	4	-	-	PUNCT
fsr-3923	17	5	0810(01)00066	0810(01)00066	NOUN
fsr-3923	17	6	-	-	PUNCT
fsr-3923	17	7	x	x	DET
fsr-3923	17	8	the	the	DET
fsr-3923	17	9	process	process	NOUN
fsr-3923	17	10	of	of	ADP
fsr-3923	17	11	implementing	implement	VERB
fsr-3923	17	12	dc	dc	PROPN
fsr-3923	17	13	arrangements	arrangement	NOUN
fsr-3923	17	14	(	(	PUNCT
fsr-3923	17	15	e.g.	e.g.	ADV
fsr-3923	17	16	,	,	PUNCT
fsr-3923	17	17	michigan	michigan	PROPN
fsr-3923	17	18	,	,	PUNCT
fsr-3923	17	19	colorado	colorado	PROPN
fsr-3923	17	20	,	,	PUNCT
fsr-3923	17	21	washington	washington	PROPN
fsr-3923	17	22	,	,	PUNCT
fsr-3923	17	23	louisiana	louisiana	PROPN
fsr-3923	17	24	,	,	PUNCT
fsr-3923	17	25	florida	florida	PROPN
fsr-3923	17	26	,	,	PUNCT
fsr-3923	17	27	montana	montana	PROPN
fsr-3923	17	28	,	,	PUNCT
fsr-3923	17	29	ohio	ohio	PROPN
fsr-3923	17	30	,	,	PUNCT
fsr-3923	17	31	and	and	CCONJ
fsr-3923	17	32	south	south	PROPN
fsr-3923	17	33	carolina	carolina	PROPN
fsr-3923	17	34	)	)	PUNCT
fsr-3923	17	35	.	.	PUNCT
fsr-3923	18	1	moreover	moreover	ADV
fsr-3923	18	2	,	,	PUNCT
fsr-3923	18	3	proposed	propose	VERB
fsr-3923	18	4	social	social	ADJ
fsr-3923	18	5	security	security	NOUN
fsr-3923	18	6	reforms	reform	NOUN
fsr-3923	18	7	that	that	PRON
fsr-3923	18	8	would	would	AUX
fsr-3923	18	9	introduce	introduce	VERB
fsr-3923	18	10	self	self	NOUN
fsr-3923	18	11	-	-	PUNCT
fsr-3923	18	12	directed	direct	VERB
fsr-3923	18	13	accounts	account	NOUN
fsr-3923	18	14	are	be	AUX
fsr-3923	18	15	essentially	essentially	ADV
fsr-3923	18	16	federal	federal	ADJ
fsr-3923	18	17	dc	dc	PROPN
fsr-3923	18	18	accounts	account	NOUN
fsr-3923	18	19	.	.	PUNCT
fsr-3923	19	1	thus	thus	ADV
fsr-3923	19	2	,	,	PUNCT
fsr-3923	19	3	investment	investment	NOUN
fsr-3923	19	4	policy	policy	NOUN
fsr-3923	19	5	issues	issue	NOUN
fsr-3923	19	6	unique	unique	ADJ
fsr-3923	19	7	to	to	ADP
fsr-3923	19	8	public	public	ADJ
fsr-3923	19	9	sector	sector	NOUN
fsr-3923	19	10	dc	dc	PROPN
fsr-3923	19	11	plans	plan	NOUN
fsr-3923	19	12	are	be	AUX
fsr-3923	19	13	important	important	ADJ
fsr-3923	19	14	and	and	CCONJ
fsr-3923	19	15	timely	timely	ADJ
fsr-3923	19	16	.	.	PUNCT
fsr-3923	20	1	there	there	PRON
fsr-3923	20	2	is	be	VERB
fsr-3923	20	3	little	little	ADJ
fsr-3923	20	4	literature	literature	NOUN
fsr-3923	20	5	exploring	explore	VERB
fsr-3923	20	6	the	the	DET
fsr-3923	20	7	special	special	ADJ
fsr-3923	20	8	circumstances	circumstance	NOUN
fsr-3923	20	9	of	of	ADP
fsr-3923	20	10	public	public	ADJ
fsr-3923	20	11	sector	sector	NOUN
fsr-3923	20	12	dc	dc	PROPN
fsr-3923	20	13	plans	plan	NOUN
fsr-3923	20	14	and	and	CCONJ
fsr-3923	20	15	thus	thus	ADV
fsr-3923	20	16	no	no	DET
fsr-3923	20	17	clear	clear	ADJ
fsr-3923	20	18	enunciation	enunciation	NOUN
fsr-3923	20	19	of	of	ADP
fsr-3923	20	20	best	good	ADJ
fsr-3923	20	21	practices	practice	NOUN
fsr-3923	20	22	.	.	PUNCT
fsr-3923	21	1	however	however	ADV
fsr-3923	21	2	,	,	PUNCT
fsr-3923	21	3	there	there	PRON
fsr-3923	21	4	are	be	VERB
fsr-3923	21	5	apparent	apparent	ADJ
fsr-3923	21	6	differences	difference	NOUN
fsr-3923	21	7	in	in	ADP
fsr-3923	21	8	the	the	DET
fsr-3923	21	9	organization	organization	NOUN
fsr-3923	21	10	and	and	CCONJ
fsr-3923	21	11	administration	administration	NOUN
fsr-3923	21	12	of	of	ADP
fsr-3923	21	13	public	public	ADJ
fsr-3923	21	14	and	and	CCONJ
fsr-3923	21	15	private	private	ADJ
fsr-3923	21	16	sector	sector	NOUN
fsr-3923	21	17	dc	dc	PROPN
fsr-3923	21	18	plans	plan	NOUN
fsr-3923	21	19	.	.	PUNCT
fsr-3923	22	1	the	the	DET
fsr-3923	22	2	purpose	purpose	NOUN
fsr-3923	22	3	of	of	ADP
fsr-3923	22	4	the	the	DET
fsr-3923	22	5	paper	paper	NOUN
fsr-3923	22	6	is	be	AUX
fsr-3923	22	7	to	to	PART
fsr-3923	22	8	address	address	VERB
fsr-3923	22	9	the	the	DET
fsr-3923	22	10	policy	policy	NOUN
fsr-3923	22	11	issues	issue	NOUN
fsr-3923	22	12	encountered	encounter	VERB
fsr-3923	22	13	in	in	ADP
fsr-3923	22	14	the	the	DET
fsr-3923	22	15	design	design	NOUN
fsr-3923	22	16	of	of	ADP
fsr-3923	22	17	large	large	ADJ
fsr-3923	22	18	public	public	ADJ
fsr-3923	22	19	sector	sector	NOUN
fsr-3923	22	20	dc	dc	PROPN
fsr-3923	22	21	programs	program	NOUN
fsr-3923	22	22	.	.	PUNCT
fsr-3923	23	1	many	many	ADJ
fsr-3923	23	2	corporate	corporate	ADJ
fsr-3923	23	3	dc	dc	PROPN
fsr-3923	23	4	plans	plan	NOUN
fsr-3923	23	5	,	,	PUNCT
fsr-3923	23	6	which	which	PRON
fsr-3923	23	7	have	have	AUX
fsr-3923	23	8	evolved	evolve	VERB
fsr-3923	23	9	under	under	ADP
fsr-3923	23	10	the	the	DET
fsr-3923	23	11	employee	employee	NOUN
fsr-3923	23	12	retirement	retirement	PROPN
fsr-3923	23	13	income	income	PROPN
fsr-3923	23	14	security	security	PROPN
fsr-3923	23	15	act	act	PROPN
fsr-3923	23	16	(	(	PUNCT
fsr-3923	23	17	u.s	u.s	PROPN
fsr-3923	23	18	.	.	PROPN
fsr-3923	23	19	department	department	PROPN
fsr-3923	23	20	of	of	ADP
fsr-3923	23	21	labor	labor	NOUN
fsr-3923	23	22	,	,	PUNCT
fsr-3923	23	23	1974	1974	NUM
fsr-3923	23	24	)	)	PUNCT
fsr-3923	23	25	,	,	PUNCT
fsr-3923	23	26	utilize	utilize	VERB
fsr-3923	23	27	an	an	DET
fsr-3923	23	28	institutional	institutional	ADJ
fsr-3923	23	29	approach	approach	NOUN
fsr-3923	23	30	where	where	SCONJ
fsr-3923	23	31	services	service	NOUN
fsr-3923	23	32	are	be	AUX
fsr-3923	23	33	unbundled	unbundle	VERB
fsr-3923	23	34	;	;	PUNCT
fsr-3923	23	35	that	that	PRON
fsr-3923	23	36	is	is	ADV
fsr-3923	23	37	,	,	PUNCT
fsr-3923	23	38	trustees	trustee	NOUN
fsr-3923	23	39	contract	contract	VERB
fsr-3923	23	40	separately	separately	ADV
fsr-3923	23	41	for	for	ADP
fsr-3923	23	42	components	component	NOUN
fsr-3923	23	43	of	of	ADP
fsr-3923	23	44	investment	investment	NOUN
fsr-3923	23	45	advisory	advisory	NOUN
fsr-3923	23	46	,	,	PUNCT
fsr-3923	23	47	educational	educational	ADJ
fsr-3923	23	48	and	and	CCONJ
fsr-3923	23	49	administrative	administrative	ADJ
fsr-3923	23	50	services	service	NOUN
fsr-3923	23	51	.	.	PUNCT
fsr-3923	24	1	morgan	morgan	PROPN
fsr-3923	24	2	stanley	stanley	PROPN
fsr-3923	24	3	(	(	PUNCT
fsr-3923	24	4	1999	1999	NUM
fsr-3923	24	5	)	)	PUNCT
fsr-3923	24	6	reports	report	VERB
fsr-3923	24	7	that	that	SCONJ
fsr-3923	24	8	of	of	ADP
fsr-3923	24	9	375	375	NUM
fsr-3923	24	10	401(k	401(k	NOUN
fsr-3923	24	11	)	)	PUNCT
fsr-3923	24	12	plans	plan	NOUN
fsr-3923	24	13	surveyed	survey	VERB
fsr-3923	24	14	in	in	ADP
fsr-3923	24	15	1999	1999	NUM
fsr-3923	24	16	,	,	PUNCT
fsr-3923	24	17	about	about	ADP
fsr-3923	24	18	half	half	NOUN
fsr-3923	24	19	of	of	ADP
fsr-3923	24	20	the	the	DET
fsr-3923	24	21	programs	program	NOUN
fsr-3923	24	22	purchased	purchase	VERB
fsr-3923	24	23	unbundled	unbundled	ADJ
fsr-3923	24	24	investment	investment	NOUN
fsr-3923	24	25	products	product	NOUN
fsr-3923	24	26	and	and	CCONJ
fsr-3923	24	27	administrative	administrative	ADJ
fsr-3923	24	28	services	service	NOUN
fsr-3923	24	29	and	and	CCONJ
fsr-3923	24	30	more	more	ADJ
fsr-3923	24	31	than	than	ADP
fsr-3923	24	32	half	half	NOUN
fsr-3923	24	33	of	of	ADP
fsr-3923	24	34	the	the	DET
fsr-3923	24	35	programs	program	NOUN
fsr-3923	24	36	offered	offer	VERB
fsr-3923	24	37	some	some	DET
fsr-3923	24	38	institutional	institutional	ADJ
fsr-3923	24	39	(	(	PUNCT
fsr-3923	24	40	nonretail	nonretail	NOUN
fsr-3923	24	41	)	)	PUNCT
fsr-3923	24	42	investment	investment	NOUN
fsr-3923	24	43	products	product	NOUN
fsr-3923	24	44	to	to	ADP
fsr-3923	24	45	their	their	PRON
fsr-3923	24	46	participants	participant	NOUN
fsr-3923	24	47	.	.	PUNCT
fsr-3923	25	1	another	another	DET
fsr-3923	25	2	survey	survey	NOUN
fsr-3923	25	3	reported	report	VERB
fsr-3923	25	4	that	that	SCONJ
fsr-3923	25	5	80	80	NUM
fsr-3923	25	6	%	%	NOUN
fsr-3923	25	7	of	of	ADP
fsr-3923	25	8	401(k	401(k	PROPN
fsr-3923	25	9	)	)	PUNCT
fsr-3923	25	10	plans	plan	NOUN
fsr-3923	25	11	with	with	ADP
fsr-3923	25	12	more	more	ADJ
fsr-3923	25	13	than	than	ADP
fsr-3923	25	14	10,000	10,000	NUM
fsr-3923	25	15	participants	participant	NOUN
fsr-3923	25	16	were	be	AUX
fsr-3923	25	17	at	at	ADV
fsr-3923	25	18	least	least	ADV
fsr-3923	25	19	partially	partially	ADV
fsr-3923	25	20	unbundled	unbundle	VERB
fsr-3923	25	21	in	in	ADP
fsr-3923	25	22	1999	1999	NUM
fsr-3923	25	23	(	(	PUNCT
fsr-3923	25	24	barra	barra	PROPN
fsr-3923	25	25	rogerscasey	rogerscasey	ADJ
fsr-3923	25	26	/	/	SYM
fsr-3923	25	27	ioma	ioma	ADJ
fsr-3923	25	28	,	,	PUNCT
fsr-3923	25	29	1999	1999	NUM
fsr-3923	25	30	)	)	PUNCT
fsr-3923	25	31	.	.	PUNCT
fsr-3923	26	1	this	this	PRON
fsr-3923	26	2	has	have	VERB
fsr-3923	26	3	the	the	DET
fsr-3923	26	4	impact	impact	NOUN
fsr-3923	26	5	of	of	ADP
fsr-3923	26	6	minimizing	minimize	VERB
fsr-3923	26	7	plan	plan	NOUN
fsr-3923	26	8	expenses	expense	NOUN
fsr-3923	26	9	and	and	CCONJ
fsr-3923	26	10	increasing	increase	VERB
fsr-3923	26	11	participant	participant	ADJ
fsr-3923	26	12	benefits	benefit	NOUN
fsr-3923	26	13	.	.	PUNCT
fsr-3923	27	1	generally	generally	ADV
fsr-3923	27	2	such	such	ADJ
fsr-3923	27	3	plans	plan	NOUN
fsr-3923	27	4	are	be	AUX
fsr-3923	27	5	consistent	consistent	ADJ
fsr-3923	27	6	with	with	ADP
fsr-3923	27	7	modern	modern	ADJ
fsr-3923	27	8	portfolio	portfolio	NOUN
fsr-3923	27	9	theory	theory	NOUN
fsr-3923	27	10	(	(	PUNCT
fsr-3923	27	11	mpt	mpt	PROPN
fsr-3923	27	12	)	)	PUNCT
fsr-3923	27	13	and	and	CCONJ
fsr-3923	27	14	offer	offer	VERB
fsr-3923	27	15	limited	limited	ADJ
fsr-3923	27	16	investment	investment	NOUN
fsr-3923	27	17	options	option	NOUN
fsr-3923	27	18	.	.	PUNCT
fsr-3923	28	1	it	it	PRON
fsr-3923	28	2	is	be	AUX
fsr-3923	28	3	not	not	PART
fsr-3923	28	4	unusual	unusual	ADJ
fsr-3923	28	5	to	to	PART
fsr-3923	28	6	find	find	VERB
fsr-3923	28	7	index	index	NOUN
fsr-3923	28	8	funds	fund	NOUN
fsr-3923	28	9	in	in	ADP
fsr-3923	28	10	such	such	ADJ
fsr-3923	28	11	plans	plan	NOUN
fsr-3923	28	12	.	.	PUNCT
fsr-3923	29	1	in	in	ADP
fsr-3923	29	2	contrast	contrast	NOUN
fsr-3923	29	3	,	,	PUNCT
fsr-3923	29	4	public	public	ADJ
fsr-3923	29	5	dc	dc	PROPN
fsr-3923	29	6	plans	plan	NOUN
fsr-3923	29	7	have	have	AUX
fsr-3923	29	8	evolved	evolve	VERB
fsr-3923	29	9	without	without	ADP
fsr-3923	29	10	the	the	DET
fsr-3923	29	11	benefit	benefit	NOUN
fsr-3923	29	12	of	of	ADP
fsr-3923	29	13	erisa	erisa	NOUN
fsr-3923	29	14	.	.	PUNCT
fsr-3923	30	1	enabling	enable	VERB
fsr-3923	30	2	laws	law	NOUN
fsr-3923	30	3	and	and	CCONJ
fsr-3923	30	4	statutes	statute	NOUN
fsr-3923	30	5	are	be	AUX
fsr-3923	30	6	unique	unique	ADJ
fsr-3923	30	7	to	to	ADP
fsr-3923	30	8	each	each	DET
fsr-3923	30	9	state	state	NOUN
fsr-3923	30	10	.	.	PUNCT
fsr-3923	31	1	such	such	ADJ
fsr-3923	31	2	plans	plan	NOUN
fsr-3923	31	3	often	often	ADV
fsr-3923	31	4	lack	lack	VERB
fsr-3923	31	5	a	a	DET
fsr-3923	31	6	trustee	trustee	NOUN
fsr-3923	31	7	governance	governance	NOUN
fsr-3923	31	8	structure	structure	NOUN
fsr-3923	31	9	and	and	CCONJ
fsr-3923	31	10	commonly	commonly	ADV
fsr-3923	31	11	utilize	utilize	VERB
fsr-3923	31	12	a	a	DET
fsr-3923	31	13	bundled	bundle	VERB
fsr-3923	31	14	investment	investment	NOUN
fsr-3923	31	15	architecture	architecture	NOUN
fsr-3923	31	16	where	where	SCONJ
fsr-3923	31	17	vendors	vendor	NOUN
fsr-3923	31	18	provide	provide	VERB
fsr-3923	31	19	investment	investment	NOUN
fsr-3923	31	20	advisory	advisory	NOUN
fsr-3923	31	21	,	,	PUNCT
fsr-3923	31	22	educational	educational	ADJ
fsr-3923	31	23	and	and	CCONJ
fsr-3923	31	24	administrative	administrative	ADJ
fsr-3923	31	25	services	service	NOUN
fsr-3923	31	26	under	under	ADP
fsr-3923	31	27	one	one	NUM
fsr-3923	31	28	umbrella	umbrella	NOUN
fsr-3923	31	29	fee	fee	NOUN
fsr-3923	31	30	.	.	PUNCT
fsr-3923	32	1	vendors	vendor	NOUN
fsr-3923	32	2	in	in	ADP
fsr-3923	32	3	this	this	DET
fsr-3923	32	4	sector	sector	NOUN
fsr-3923	32	5	include	include	VERB
fsr-3923	32	6	variable	variable	ADJ
fsr-3923	32	7	annuity	annuity	NOUN
fsr-3923	32	8	and	and	CCONJ
fsr-3923	32	9	mutual	mutual	ADJ
fsr-3923	32	10	fund	fund	NOUN
fsr-3923	32	11	companies	company	NOUN
fsr-3923	32	12	and	and	CCONJ
fsr-3923	32	13	fees	fee	NOUN
fsr-3923	32	14	are	be	AUX
fsr-3923	32	15	often	often	ADV
fsr-3923	32	16	higher	high	ADJ
fsr-3923	32	17	than	than	ADP
fsr-3923	32	18	the	the	DET
fsr-3923	32	19	fees	fee	NOUN
fsr-3923	32	20	of	of	ADP
fsr-3923	32	21	unbundled	unbundled	ADJ
fsr-3923	32	22	dc	dc	PROPN
fsr-3923	32	23	plans	plan	NOUN
fsr-3923	32	24	.	.	PUNCT
fsr-3923	33	1	it	it	PRON
fsr-3923	33	2	is	be	AUX
fsr-3923	33	3	common	common	ADJ
fsr-3923	33	4	to	to	PART
fsr-3923	33	5	find	find	VERB
fsr-3923	33	6	multiple	multiple	ADJ
fsr-3923	33	7	competing	compete	VERB
fsr-3923	33	8	vendors	vendor	NOUN
fsr-3923	33	9	in	in	ADP
fsr-3923	33	10	the	the	DET
fsr-3923	33	11	same	same	ADJ
fsr-3923	33	12	plan	plan	NOUN
fsr-3923	33	13	,	,	PUNCT
fsr-3923	33	14	negating	negate	VERB
fsr-3923	33	15	some	some	PRON
fsr-3923	33	16	of	of	ADP
fsr-3923	33	17	the	the	DET
fsr-3923	33	18	advantages	advantage	NOUN
fsr-3923	33	19	of	of	ADP
fsr-3923	33	20	economies	economy	NOUN
fsr-3923	33	21	of	of	ADP
fsr-3923	33	22	scale	scale	NOUN
fsr-3923	33	23	and	and	CCONJ
fsr-3923	33	24	sometimes	sometimes	ADV
fsr-3923	33	25	engendering	engender	VERB
fsr-3923	33	26	conflicts	conflict	NOUN
fsr-3923	33	27	of	of	ADP
fsr-3923	33	28	interest	interest	NOUN
fsr-3923	33	29	among	among	ADP
fsr-3923	33	30	vendors	vendor	NOUN
fsr-3923	33	31	(	(	PUNCT
fsr-3923	33	32	jacobius	jacobius	NOUN
fsr-3923	33	33	,	,	PUNCT
fsr-3923	33	34	2000	2000	NUM
fsr-3923	33	35	)	)	PUNCT
fsr-3923	33	36	.	.	PUNCT
fsr-3923	34	1	public	public	ADJ
fsr-3923	34	2	plans	plan	NOUN
fsr-3923	34	3	typically	typically	ADV
fsr-3923	34	4	have	have	VERB
fsr-3923	34	5	dozens	dozen	NOUN
fsr-3923	34	6	and	and	CCONJ
fsr-3923	34	7	sometime	sometime	ADJ
fsr-3923	34	8	hundreds	hundred	NOUN
fsr-3923	34	9	of	of	ADP
fsr-3923	34	10	different	different	ADJ
fsr-3923	34	11	investment	investment	NOUN
fsr-3923	34	12	options	option	NOUN
fsr-3923	34	13	(	(	PUNCT
fsr-3923	34	14	kpmg	kpmg	PROPN
fsr-3923	34	15	,	,	PUNCT
fsr-3923	34	16	1999	1999	NUM
fsr-3923	34	17	;	;	PUNCT
fsr-3923	34	18	national	national	ADJ
fsr-3923	34	19	association	association	NOUN
fsr-3923	34	20	of	of	ADP
fsr-3923	34	21	deferred	defer	VERB
fsr-3923	34	22	compensation	compensation	NOUN
fsr-3923	34	23	administrators	administrator	NOUN
fsr-3923	34	24	(	(	PUNCT
fsr-3923	34	25	nadca	nadca	PROPN
fsr-3923	34	26	)	)	PUNCT
fsr-3923	34	27	,	,	PUNCT
fsr-3923	34	28	1998	1998	NUM
fsr-3923	34	29	)	)	PUNCT
fsr-3923	34	30	.	.	PUNCT
fsr-3923	35	1	trustees	trustee	NOUN
fsr-3923	35	2	of	of	ADP
fsr-3923	35	3	new	new	ADJ
fsr-3923	35	4	public	public	ADJ
fsr-3923	35	5	dc	dc	PROPN
fsr-3923	35	6	pension	pension	NOUN
fsr-3923	35	7	programs	program	NOUN
fsr-3923	35	8	,	,	PUNCT
fsr-3923	35	9	including	include	VERB
fsr-3923	35	10	potential	potential	ADJ
fsr-3923	35	11	social	social	ADJ
fsr-3923	35	12	security	security	NOUN
fsr-3923	35	13	reforms	reform	NOUN
fsr-3923	35	14	,	,	PUNCT
fsr-3923	35	15	must	must	AUX
fsr-3923	35	16	ultimately	ultimately	ADV
fsr-3923	35	17	choose	choose	VERB
fsr-3923	35	18	between	between	ADP
fsr-3923	35	19	the	the	DET
fsr-3923	35	20	two	two	NUM
fsr-3923	35	21	approaches	approach	NOUN
fsr-3923	35	22	or	or	CCONJ
fsr-3923	35	23	implement	implement	VERB
fsr-3923	35	24	a	a	DET
fsr-3923	35	25	hybrid	hybrid	ADJ
fsr-3923	35	26	program	program	NOUN
fsr-3923	35	27	.	.	PUNCT
fsr-3923	36	1	the	the	DET
fsr-3923	36	2	salient	salient	NOUN
fsr-3923	36	3	issues	issue	NOUN
fsr-3923	36	4	are	be	AUX
fsr-3923	36	5	the	the	DET
fsr-3923	36	6	number	number	NOUN
fsr-3923	36	7	of	of	ADP
fsr-3923	36	8	investment	investment	NOUN
fsr-3923	36	9	options	option	NOUN
fsr-3923	36	10	available	available	ADJ
fsr-3923	36	11	to	to	ADP
fsr-3923	36	12	participants	participant	NOUN
fsr-3923	36	13	and	and	CCONJ
fsr-3923	36	14	the	the	DET
fsr-3923	36	15	manner	manner	NOUN
fsr-3923	36	16	in	in	ADP
fsr-3923	36	17	which	which	PRON
fsr-3923	36	18	those	those	DET
fsr-3923	36	19	products	product	NOUN
fsr-3923	36	20	and	and	CCONJ
fsr-3923	36	21	other	other	ADJ
fsr-3923	36	22	services	service	NOUN
fsr-3923	36	23	are	be	AUX
fsr-3923	36	24	procured	procure	VERB
fsr-3923	36	25	:	:	PUNCT
fsr-3923	36	26	1	1	X
fsr-3923	36	27	)	)	PUNCT
fsr-3923	36	28	name	name	NOUN
fsr-3923	36	29	-	-	PUNCT
fsr-3923	36	30	branded	brand	VERB
fsr-3923	36	31	retail	retail	ADJ
fsr-3923	36	32	investment	investment	NOUN
fsr-3923	36	33	options	option	NOUN
fsr-3923	36	34	which	which	PRON
fsr-3923	36	35	bundle	bundle	VERB
fsr-3923	36	36	together	together	ADV
fsr-3923	36	37	investment	investment	NOUN
fsr-3923	36	38	,	,	PUNCT
fsr-3923	36	39	administrative	administrative	ADJ
fsr-3923	36	40	and	and	CCONJ
fsr-3923	36	41	educational	educational	ADJ
fsr-3923	36	42	services	service	NOUN
fsr-3923	36	43	versus	versus	ADP
fsr-3923	36	44	2	2	NUM
fsr-3923	36	45	)	)	PUNCT
fsr-3923	36	46	an	an	DET
fsr-3923	36	47	unbundled	unbundled	ADJ
fsr-3923	36	48	procurement	procurement	NOUN
fsr-3923	36	49	of	of	ADP
fsr-3923	36	50	private	private	ADJ
fsr-3923	36	51	label	label	NOUN
fsr-3923	36	52	institutional	institutional	ADJ
fsr-3923	36	53	/	/	SYM
fsr-3923	36	54	wholesale	wholesale	ADJ
fsr-3923	36	55	investment	investment	NOUN
fsr-3923	36	56	options	option	NOUN
fsr-3923	36	57	which	which	PRON
fsr-3923	36	58	may	may	AUX
fsr-3923	36	59	be	be	AUX
fsr-3923	36	60	independent	independent	ADJ
fsr-3923	36	61	of	of	ADP
fsr-3923	36	62	administrative	administrative	ADJ
fsr-3923	36	63	and	and	CCONJ
fsr-3923	36	64	educational	educational	ADJ
fsr-3923	36	65	services	service	NOUN
fsr-3923	36	66	.	.	PUNCT
fsr-3923	37	1	other	other	ADJ
fsr-3923	37	2	issues	issue	NOUN
fsr-3923	37	3	remain	remain	VERB
fsr-3923	37	4	important	important	ADJ
fsr-3923	37	5	,	,	PUNCT
fsr-3923	37	6	such	such	ADJ
fsr-3923	37	7	as	as	ADP
fsr-3923	37	8	active	active	ADJ
fsr-3923	37	9	versus	versus	ADP
fsr-3923	37	10	passive	passive	ADJ
fsr-3923	37	11	management	management	NOUN
fsr-3923	37	12	.	.	PUNCT
fsr-3923	38	1	however	however	ADV
fsr-3923	38	2	,	,	PUNCT
fsr-3923	38	3	actively	actively	ADV
fsr-3923	38	4	and	and	CCONJ
fsr-3923	38	5	passively	passively	ADV
fsr-3923	38	6	managed	manage	VERB
fsr-3923	38	7	portfolios	portfolio	NOUN
fsr-3923	38	8	coexist	coexist	VERB
fsr-3923	38	9	comfortably	comfortably	ADV
fsr-3923	38	10	in	in	ADP
fsr-3923	38	11	most	most	ADJ
fsr-3923	38	12	corporate	corporate	ADJ
fsr-3923	38	13	dc	dc	PROPN
fsr-3923	38	14	plans	plan	NOUN
fsr-3923	38	15	and	and	CCONJ
fsr-3923	38	16	we	we	PRON
fsr-3923	38	17	view	view	VERB
fsr-3923	38	18	this	this	DET
fsr-3923	38	19	issue	issue	NOUN
fsr-3923	38	20	as	as	ADP
fsr-3923	38	21	outside	outside	ADP
fsr-3923	38	22	the	the	DET
fsr-3923	38	23	scope	scope	NOUN
fsr-3923	38	24	of	of	ADP
fsr-3923	38	25	the	the	DET
fsr-3923	38	26	paper	paper	NOUN
fsr-3923	38	27	.	.	PUNCT
fsr-3923	39	1	the	the	DET
fsr-3923	39	2	issue	issue	NOUN
fsr-3923	39	3	of	of	ADP
fsr-3923	39	4	the	the	DET
fsr-3923	39	5	number	number	NOUN
fsr-3923	39	6	and	and	CCONJ
fsr-3923	39	7	diversity	diversity	NOUN
fsr-3923	39	8	of	of	ADP
fsr-3923	39	9	investment	investment	NOUN
fsr-3923	39	10	options	option	NOUN
fsr-3923	39	11	is	be	AUX
fsr-3923	39	12	a	a	DET
fsr-3923	39	13	thorny	thorny	ADJ
fsr-3923	39	14	thicket	thicket	NOUN
fsr-3923	39	15	constantly	constantly	ADV
fsr-3923	39	16	faced	face	VERB
fsr-3923	39	17	by	by	ADP
fsr-3923	39	18	public	public	ADJ
fsr-3923	39	19	sector	sector	NOUN
fsr-3923	39	20	and	and	CCONJ
fsr-3923	39	21	corporate	corporate	ADJ
fsr-3923	39	22	dc	dc	PROPN
fsr-3923	39	23	trustees	trustee	NOUN
fsr-3923	39	24	.	.	PUNCT
fsr-3923	40	1	choice	choice	NOUN
fsr-3923	40	2	is	be	AUX
fsr-3923	40	3	commonly	commonly	ADV
fsr-3923	40	4	equated	equate	VERB
fsr-3923	40	5	with	with	ADP
fsr-3923	40	6	freedom	freedom	NOUN
fsr-3923	40	7	;	;	PUNCT
fsr-3923	40	8	the	the	PRON
fsr-3923	40	9	more	more	ADV
fsr-3923	40	10	the	the	DET
fsr-3923	40	11	better	well	ADJ
fsr-3923	40	12	.	.	PUNCT
fsr-3923	41	1	thus	thus	ADV
fsr-3923	41	2	,	,	PUNCT
fsr-3923	41	3	for	for	ADP
fsr-3923	41	4	plan	plan	NOUN
fsr-3923	41	5	participants	participant	NOUN
fsr-3923	41	6	,	,	PUNCT
fsr-3923	41	7	there	there	PRON
fsr-3923	41	8	is	be	VERB
fsr-3923	41	9	an	an	DET
fsr-3923	41	10	intuitive	intuitive	ADJ
fsr-3923	41	11	appeal	appeal	NOUN
fsr-3923	41	12	and	and	CCONJ
fsr-3923	41	13	198	198	NUM
fsr-3923	41	14	k.w	k.w	PROPN
fsr-3923	41	15	.	.	PROPN
fsr-3923	41	16	sigrist	sigrist	PROPN
fsr-3923	41	17	,	,	PUNCT
fsr-3923	41	18	s.l	s.l	PROPN
fsr-3923	41	19	.	.	PROPN
fsr-3923	41	20	brown	brown	ADJ
fsr-3923	41	21	/	/	SYM
fsr-3923	41	22	financial	financial	ADJ
fsr-3923	41	23	services	service	NOUN
fsr-3923	41	24	review	review	VERB
fsr-3923	41	25	9	9	NUM
fsr-3923	41	26	(	(	PUNCT
fsr-3923	41	27	2000	2000	NUM
fsr-3923	41	28	)	)	PUNCT
fsr-3923	42	1	197–218	197–218	NUM
fsr-3923	42	2	comfort	comfort	NOUN
fsr-3923	42	3	that	that	PRON
fsr-3923	42	4	arises	arise	VERB
fsr-3923	42	5	from	from	ADP
fsr-3923	42	6	the	the	DET
fsr-3923	42	7	ability	ability	NOUN
fsr-3923	42	8	to	to	PART
fsr-3923	42	9	choose	choose	VERB
fsr-3923	42	10	among	among	ADP
fsr-3923	42	11	a	a	DET
fsr-3923	42	12	broad	broad	ADJ
fsr-3923	42	13	array	array	NOUN
fsr-3923	42	14	of	of	ADP
fsr-3923	42	15	branded	brand	VERB
fsr-3923	42	16	,	,	PUNCT
fsr-3923	42	17	hence	hence	ADV
fsr-3923	42	18	familiar	familiar	ADJ
fsr-3923	42	19	,	,	PUNCT
fsr-3923	42	20	investment	investment	NOUN
fsr-3923	42	21	products	product	NOUN
fsr-3923	42	22	.	.	PUNCT
fsr-3923	43	1	vendors	vendor	NOUN
fsr-3923	43	2	reinforce	reinforce	VERB
fsr-3923	43	3	the	the	DET
fsr-3923	43	4	importance	importance	NOUN
fsr-3923	43	5	of	of	ADP
fsr-3923	43	6	product	product	NOUN
fsr-3923	43	7	diversity	diversity	NOUN
fsr-3923	43	8	and	and	CCONJ
fsr-3923	43	9	trustees	trustee	NOUN
fsr-3923	43	10	can	can	AUX
fsr-3923	43	11	be	be	AUX
fsr-3923	43	12	put	put	VERB
fsr-3923	43	13	in	in	ADP
fsr-3923	43	14	the	the	DET
fsr-3923	43	15	uncomfortable	uncomfortable	ADJ
fsr-3923	43	16	position	position	NOUN
fsr-3923	43	17	of	of	ADP
fsr-3923	43	18	defending	defend	VERB
fsr-3923	43	19	design	design	NOUN
fsr-3923	43	20	decisions	decision	NOUN
fsr-3923	43	21	with	with	ADP
fsr-3923	43	22	seemingly	seemingly	ADV
fsr-3923	43	23	arcane	arcane	ADJ
fsr-3923	43	24	academic	academic	ADJ
fsr-3923	43	25	arguments	argument	NOUN
fsr-3923	43	26	.	.	PUNCT
fsr-3923	44	1	however	however	ADV
fsr-3923	44	2	,	,	PUNCT
fsr-3923	44	3	even	even	ADV
fsr-3923	44	4	in	in	ADP
fsr-3923	44	5	a	a	DET
fsr-3923	44	6	theoretically	theoretically	ADV
fsr-3923	44	7	pure	pure	ADJ
fsr-3923	44	8	liberal	liberal	ADJ
fsr-3923	44	9	democracy	democracy	NOUN
fsr-3923	44	10	,	,	PUNCT
fsr-3923	44	11	freedom	freedom	NOUN
fsr-3923	44	12	is	be	AUX
fsr-3923	44	13	constrained	constrain	VERB
fsr-3923	44	14	to	to	PART
fsr-3923	44	15	protect	protect	VERB
fsr-3923	44	16	property	property	NOUN
fsr-3923	44	17	rights	right	NOUN
fsr-3923	44	18	.	.	PUNCT
fsr-3923	45	1	similarly	similarly	ADV
fsr-3923	45	2	,	,	PUNCT
fsr-3923	45	3	trustees	trustee	NOUN
fsr-3923	45	4	must	must	AUX
fsr-3923	45	5	critically	critically	ADV
fsr-3923	45	6	evaluate	evaluate	VERB
fsr-3923	45	7	the	the	DET
fsr-3923	45	8	expected	expect	VERB
fsr-3923	45	9	marginal	marginal	ADJ
fsr-3923	45	10	costs	cost	NOUN
fsr-3923	45	11	and	and	CCONJ
fsr-3923	45	12	benefits	benefit	NOUN
fsr-3923	45	13	to	to	ADP
fsr-3923	45	14	the	the	DET
fsr-3923	45	15	overall	overall	ADJ
fsr-3923	45	16	group	group	NOUN
fsr-3923	45	17	of	of	ADP
fsr-3923	45	18	participants	participant	NOUN
fsr-3923	45	19	associated	associate	VERB
fsr-3923	45	20	with	with	ADP
fsr-3923	45	21	providing	provide	VERB
fsr-3923	45	22	a	a	DET
fsr-3923	45	23	diverse	diverse	ADJ
fsr-3923	45	24	choice	choice	NOUN
fsr-3923	45	25	among	among	ADP
fsr-3923	45	26	duplicative	duplicative	ADJ
fsr-3923	45	27	investment	investment	NOUN
fsr-3923	45	28	products	product	NOUN
fsr-3923	45	29	.	.	PUNCT
fsr-3923	46	1	in	in	ADP
fsr-3923	46	2	the	the	DET
fsr-3923	46	3	main	main	ADJ
fsr-3923	46	4	,	,	PUNCT
fsr-3923	46	5	corporate	corporate	ADJ
fsr-3923	46	6	dc	dc	PROPN
fsr-3923	46	7	trustees	trustee	NOUN
fsr-3923	46	8	have	have	AUX
fsr-3923	46	9	largely	largely	ADV
fsr-3923	46	10	opted	opt	VERB
fsr-3923	46	11	for	for	ADP
fsr-3923	46	12	a	a	DET
fsr-3923	46	13	cost	cost	NOUN
fsr-3923	46	14	-	-	PUNCT
fsr-3923	46	15	effective	effective	ADJ
fsr-3923	46	16	approach	approach	NOUN
fsr-3923	46	17	that	that	PRON
fsr-3923	46	18	limits	limit	VERB
fsr-3923	46	19	the	the	DET
fsr-3923	46	20	investment	investment	NOUN
fsr-3923	46	21	options	option	NOUN
fsr-3923	46	22	to	to	ADP
fsr-3923	46	23	a	a	DET
fsr-3923	46	24	handful	handful	NOUN
fsr-3923	46	25	(	(	PUNCT
fsr-3923	46	26	i.e.	i.e.	X
fsr-3923	46	27	,	,	PUNCT
fsr-3923	46	28	10	10	NUM
fsr-3923	46	29	or	or	CCONJ
fsr-3923	46	30	less	less	ADJ
fsr-3923	46	31	options	option	NOUN
fsr-3923	46	32	)	)	PUNCT
fsr-3923	46	33	of	of	ADP
fsr-3923	46	34	relatively	relatively	ADV
fsr-3923	46	35	distinct	distinct	ADJ
fsr-3923	46	36	products	product	NOUN
fsr-3923	46	37	.	.	PUNCT
fsr-3923	47	1	moreover	moreover	ADV
fsr-3923	47	2	,	,	PUNCT
fsr-3923	47	3	ennisknupp	ennisknupp	X
fsr-3923	47	4	(	(	PUNCT
fsr-3923	47	5	1999	1999	NUM
fsr-3923	47	6	)	)	PUNCT
fsr-3923	47	7	surveyed	survey	VERB
fsr-3923	47	8	corporate	corporate	ADJ
fsr-3923	47	9	plan	plan	NOUN
fsr-3923	47	10	administrators	administrator	NOUN
fsr-3923	47	11	and	and	CCONJ
fsr-3923	47	12	over	over	ADP
fsr-3923	47	13	two	two	NUM
fsr-3923	47	14	-	-	PUNCT
fsr-3923	47	15	thirds	third	NOUN
fsr-3923	47	16	of	of	ADP
fsr-3923	47	17	110	110	NUM
fsr-3923	47	18	respondents	respondent	NOUN
fsr-3923	47	19	replied	reply	VERB
fsr-3923	47	20	that	that	SCONJ
fsr-3923	47	21	institutional	institutional	ADJ
fsr-3923	47	22	accounts	account	NOUN
fsr-3923	47	23	are	be	AUX
fsr-3923	47	24	more	more	ADV
fsr-3923	47	25	effective	effective	ADJ
fsr-3923	47	26	than	than	ADP
fsr-3923	47	27	mutual	mutual	ADJ
fsr-3923	47	28	funds	fund	NOUN
fsr-3923	47	29	.	.	PUNCT
fsr-3923	48	1	we	we	PRON
fsr-3923	48	2	explore	explore	VERB
fsr-3923	48	3	these	these	DET
fsr-3923	48	4	issues	issue	NOUN
fsr-3923	48	5	in	in	ADP
fsr-3923	48	6	more	more	ADJ
fsr-3923	48	7	depth	depth	NOUN
fsr-3923	48	8	in	in	ADP
fsr-3923	48	9	the	the	DET
fsr-3923	48	10	body	body	NOUN
fsr-3923	48	11	of	of	ADP
fsr-3923	48	12	the	the	DET
fsr-3923	48	13	paper	paper	NOUN
fsr-3923	48	14	.	.	PUNCT
fsr-3923	49	1	it	it	PRON
fsr-3923	49	2	is	be	AUX
fsr-3923	49	3	organized	organize	VERB
fsr-3923	49	4	as	as	SCONJ
fsr-3923	49	5	follows	follow	VERB
fsr-3923	49	6	:	:	PUNCT
fsr-3923	49	7	we	we	PRON
fsr-3923	49	8	identify	identify	VERB
fsr-3923	49	9	the	the	DET
fsr-3923	49	10	major	major	ADJ
fsr-3923	49	11	types	type	NOUN
fsr-3923	49	12	of	of	ADP
fsr-3923	49	13	public	public	ADJ
fsr-3923	49	14	plans	plan	NOUN
fsr-3923	49	15	,	,	PUNCT
fsr-3923	49	16	identify	identify	VERB
fsr-3923	49	17	unique	unique	ADJ
fsr-3923	49	18	pressures	pressure	NOUN
fsr-3923	49	19	on	on	ADP
fsr-3923	49	20	the	the	DET
fsr-3923	49	21	organizers/	organizers/	NUM
fsr-3923	49	22	trustees	trustee	NOUN
fsr-3923	49	23	of	of	ADP
fsr-3923	49	24	such	such	ADJ
fsr-3923	49	25	plans	plan	NOUN
fsr-3923	49	26	,	,	PUNCT
fsr-3923	49	27	discuss	discuss	VERB
fsr-3923	49	28	the	the	DET
fsr-3923	49	29	evolving	evolve	VERB
fsr-3923	49	30	legal	legal	ADJ
fsr-3923	49	31	infrastructure	infrastructure	NOUN
fsr-3923	49	32	underpinning	underpin	VERB
fsr-3923	49	33	public	public	ADJ
fsr-3923	49	34	pension	pension	NOUN
fsr-3923	49	35	plans	plan	NOUN
fsr-3923	49	36	and	and	CCONJ
fsr-3923	49	37	discuss	discuss	VERB
fsr-3923	49	38	model	model	NOUN
fsr-3923	49	39	legislation	legislation	NOUN
fsr-3923	49	40	:	:	PUNCT
fsr-3923	49	41	the	the	DET
fsr-3923	49	42	1997	1997	NUM
fsr-3923	49	43	uniform	uniform	NOUN
fsr-3923	49	44	management	management	NOUN
fsr-3923	49	45	of	of	ADP
fsr-3923	49	46	public	public	ADJ
fsr-3923	49	47	employee	employee	NOUN
fsr-3923	49	48	retirement	retirement	NOUN
fsr-3923	49	49	systems	systems	PROPN
fsr-3923	49	50	act	act	PROPN
fsr-3923	49	51	(	(	PUNCT
fsr-3923	49	52	national	national	ADJ
fsr-3923	49	53	conference	conference	NOUN
fsr-3923	49	54	of	of	ADP
fsr-3923	49	55	commissioners	commissioner	NOUN
fsr-3923	49	56	on	on	ADP
fsr-3923	49	57	uniform	uniform	ADJ
fsr-3923	49	58	state	state	NOUN
fsr-3923	49	59	laws	law	NOUN
fsr-3923	49	60	,	,	PUNCT
fsr-3923	49	61	“	"	PUNCT
fsr-3923	49	62	mpers	mper	NOUN
fsr-3923	49	63	”	"	PUNCT
fsr-3923	49	64	)	)	PUNCT
fsr-3923	49	65	.	.	PUNCT
fsr-3923	50	1	we	we	PRON
fsr-3923	50	2	then	then	ADV
fsr-3923	50	3	explore	explore	VERB
fsr-3923	50	4	the	the	DET
fsr-3923	50	5	implications	implication	NOUN
fsr-3923	50	6	of	of	ADP
fsr-3923	50	7	mpers	mper	NOUN
fsr-3923	50	8	for	for	ADP
fsr-3923	50	9	the	the	DET
fsr-3923	50	10	investment	investment	NOUN
fsr-3923	50	11	/	/	SYM
fsr-3923	50	12	administrative	administrative	ADJ
fsr-3923	50	13	design	design	NOUN
fsr-3923	50	14	of	of	ADP
fsr-3923	50	15	a	a	DET
fsr-3923	50	16	public	public	ADJ
fsr-3923	50	17	dc	dc	PROPN
fsr-3923	50	18	plan	plan	NOUN
fsr-3923	50	19	and	and	CCONJ
fsr-3923	50	20	analyze	analyze	VERB
fsr-3923	50	21	a	a	DET
fsr-3923	50	22	unique	unique	ADJ
fsr-3923	50	23	data	datum	NOUN
fsr-3923	50	24	set	set	VERB
fsr-3923	50	25	comparing	compare	VERB
fsr-3923	50	26	the	the	DET
fsr-3923	50	27	administrative	administrative	ADJ
fsr-3923	50	28	and	and	CCONJ
fsr-3923	50	29	investment	investment	NOUN
fsr-3923	50	30	advisory	advisory	NOUN
fsr-3923	50	31	costs	cost	NOUN
fsr-3923	50	32	associated	associate	VERB
fsr-3923	50	33	with	with	ADP
fsr-3923	50	34	institutional	institutional	ADJ
fsr-3923	50	35	accounts	account	NOUN
fsr-3923	50	36	and	and	CCONJ
fsr-3923	50	37	mutual	mutual	ADJ
fsr-3923	50	38	funds	fund	NOUN
fsr-3923	50	39	.	.	PUNCT
fsr-3923	51	1	finally	finally	ADV
fsr-3923	51	2	,	,	PUNCT
fsr-3923	51	3	we	we	PRON
fsr-3923	51	4	explore	explore	VERB
fsr-3923	51	5	the	the	DET
fsr-3923	51	6	implications	implication	NOUN
fsr-3923	51	7	of	of	ADP
fsr-3923	51	8	a	a	DET
fsr-3923	51	9	hybrid	hybrid	ADJ
fsr-3923	51	10	approach	approach	NOUN
fsr-3923	51	11	where	where	SCONJ
fsr-3923	51	12	institutional	institutional	ADJ
fsr-3923	51	13	accounts	account	NOUN
fsr-3923	51	14	and	and	CCONJ
fsr-3923	51	15	mutual	mutual	ADJ
fsr-3923	51	16	funds	fund	NOUN
fsr-3923	51	17	coexist	coexist	VERB
fsr-3923	51	18	.	.	PUNCT
fsr-3923	52	1	mpers	mper	NOUN
fsr-3923	52	2	and	and	CCONJ
fsr-3923	52	3	mpt	mpt	PROPN
fsr-3923	52	4	strongly	strongly	ADV
fsr-3923	52	5	suggest	suggest	VERB
fsr-3923	52	6	that	that	SCONJ
fsr-3923	52	7	trustees	trustee	NOUN
fsr-3923	52	8	/	/	SYM
fsr-3923	52	9	fiduciaries	fiduciary	NOUN
fsr-3923	52	10	implement	implement	VERB
fsr-3923	52	11	an	an	DET
fsr-3923	52	12	unbundled	unbundled	ADJ
fsr-3923	52	13	institutional	institutional	ADJ
fsr-3923	52	14	approach	approach	NOUN
fsr-3923	52	15	.	.	PUNCT
fsr-3923	53	1	analysis	analysis	NOUN
fsr-3923	53	2	reveals	reveal	VERB
fsr-3923	53	3	substantially	substantially	ADV
fsr-3923	53	4	greater	great	ADJ
fsr-3923	53	5	economies	economy	NOUN
fsr-3923	53	6	of	of	ADP
fsr-3923	53	7	scale	scale	NOUN
fsr-3923	53	8	associated	associate	VERB
fsr-3923	53	9	with	with	ADP
fsr-3923	53	10	institutional	institutional	ADJ
fsr-3923	53	11	than	than	ADP
fsr-3923	53	12	mutual	mutual	ADJ
fsr-3923	53	13	fund	fund	NOUN
fsr-3923	53	14	accounts	account	NOUN
fsr-3923	53	15	.	.	PUNCT
fsr-3923	54	1	further	further	ADJ
fsr-3923	54	2	analysis	analysis	NOUN
fsr-3923	54	3	reveals	reveal	VERB
fsr-3923	54	4	that	that	SCONJ
fsr-3923	54	5	a	a	DET
fsr-3923	54	6	hybrid	hybrid	ADJ
fsr-3923	54	7	structure	structure	NOUN
fsr-3923	54	8	has	have	VERB
fsr-3923	54	9	serious	serious	ADJ
fsr-3923	54	10	shortcomings	shortcoming	NOUN
fsr-3923	54	11	because	because	SCONJ
fsr-3923	54	12	it	it	PRON
fsr-3923	54	13	results	result	VERB
fsr-3923	54	14	in	in	ADP
fsr-3923	54	15	higher	high	ADJ
fsr-3923	54	16	costs	cost	NOUN
fsr-3923	54	17	(	(	PUNCT
fsr-3923	54	18	lessened	lessen	VERB
fsr-3923	54	19	economies	economy	NOUN
fsr-3923	54	20	of	of	ADP
fsr-3923	54	21	scale	scale	NOUN
fsr-3923	54	22	)	)	PUNCT
fsr-3923	54	23	for	for	ADP
fsr-3923	54	24	a	a	DET
fsr-3923	54	25	subset	subset	NOUN
fsr-3923	54	26	of	of	ADP
fsr-3923	54	27	the	the	DET
fsr-3923	54	28	participants	participant	NOUN
fsr-3923	54	29	:	:	PUNCT
fsr-3923	54	30	those	those	PRON
fsr-3923	54	31	who	who	PRON
fsr-3923	54	32	choose	choose	VERB
fsr-3923	54	33	the	the	DET
fsr-3923	54	34	institutional	institutional	ADJ
fsr-3923	54	35	investment	investment	NOUN
fsr-3923	54	36	options	option	NOUN
fsr-3923	54	37	.	.	PUNCT
fsr-3923	55	1	the	the	DET
fsr-3923	55	2	higher	high	ADJ
fsr-3923	55	3	costs	cost	NOUN
fsr-3923	55	4	associated	associate	VERB
fsr-3923	55	5	with	with	ADP
fsr-3923	55	6	retail	retail	ADJ
fsr-3923	55	7	accounts	account	NOUN
fsr-3923	55	8	significantly	significantly	ADV
fsr-3923	55	9	reduces	reduce	VERB
fsr-3923	55	10	the	the	DET
fsr-3923	55	11	future	future	ADJ
fsr-3923	55	12	benefits	benefit	NOUN
fsr-3923	55	13	of	of	ADP
fsr-3923	55	14	participants	participant	NOUN
fsr-3923	55	15	.	.	PUNCT
fsr-3923	56	1	with	with	ADP
fsr-3923	56	2	an	an	DET
fsr-3923	56	3	initial	initial	ADJ
fsr-3923	56	4	account	account	NOUN
fsr-3923	56	5	value	value	NOUN
fsr-3923	56	6	of	of	ADP
fsr-3923	56	7	$	$	SYM
fsr-3923	56	8	500	500	NUM
fsr-3923	56	9	million	million	NUM
fsr-3923	56	10	,	,	PUNCT
fsr-3923	56	11	a	a	DET
fsr-3923	56	12	30	30	NUM
fsr-3923	56	13	-	-	PUNCT
fsr-3923	56	14	year	year	NOUN
fsr-3923	56	15	horizon	horizon	NOUN
fsr-3923	56	16	and	and	CCONJ
fsr-3923	56	17	annual	annual	ADJ
fsr-3923	56	18	market	market	NOUN
fsr-3923	56	19	appreciation	appreciation	NOUN
fsr-3923	56	20	of	of	ADP
fsr-3923	56	21	10	10	NUM
fsr-3923	56	22	%	%	NOUN
fsr-3923	56	23	,	,	PUNCT
fsr-3923	56	24	large	large	ADJ
fsr-3923	56	25	-	-	PUNCT
fsr-3923	56	26	cap	cap	NOUN
fsr-3923	56	27	mutual	mutual	ADJ
fsr-3923	56	28	fund	fund	NOUN
fsr-3923	56	29	fees	fee	NOUN
fsr-3923	56	30	would	would	AUX
fsr-3923	56	31	lead	lead	VERB
fsr-3923	56	32	to	to	ADP
fsr-3923	56	33	an	an	DET
fsr-3923	56	34	account	account	NOUN
fsr-3923	56	35	value	value	NOUN
fsr-3923	56	36	that	that	PRON
fsr-3923	56	37	was	be	AUX
fsr-3923	56	38	$	$	SYM
fsr-3923	56	39	870	870	NUM
fsr-3923	56	40	million	million	NUM
fsr-3923	56	41	lower	low	ADJ
fsr-3923	56	42	than	than	ADP
fsr-3923	56	43	that	that	PRON
fsr-3923	56	44	produced	produce	VERB
fsr-3923	56	45	by	by	ADP
fsr-3923	56	46	a	a	DET
fsr-3923	56	47	large	large	ADJ
fsr-3923	56	48	-	-	PUNCT
fsr-3923	56	49	cap	cap	NOUN
fsr-3923	56	50	institutional	institutional	ADJ
fsr-3923	56	51	fund	fund	NOUN
fsr-3923	56	52	account	account	NOUN
fsr-3923	56	53	.	.	PUNCT
fsr-3923	57	1	further	far	ADV
fsr-3923	57	2	,	,	PUNCT
fsr-3923	57	3	in	in	ADP
fsr-3923	57	4	hybrid	hybrid	ADJ
fsr-3923	57	5	structures	structure	NOUN
fsr-3923	57	6	,	,	PUNCT
fsr-3923	57	7	we	we	PRON
fsr-3923	57	8	show	show	VERB
fsr-3923	57	9	that	that	SCONJ
fsr-3923	57	10	for	for	ADP
fsr-3923	57	11	a	a	DET
fsr-3923	57	12	10	10	NUM
fsr-3923	57	13	-	-	PUNCT
fsr-3923	57	14	year	year	NOUN
fsr-3923	57	15	horizon	horizon	NOUN
fsr-3923	57	16	,	,	PUNCT
fsr-3923	57	17	participants	participant	NOUN
fsr-3923	57	18	that	that	PRON
fsr-3923	57	19	prefer	prefer	VERB
fsr-3923	57	20	the	the	DET
fsr-3923	57	21	low	low	ADJ
fsr-3923	57	22	-	-	PUNCT
fsr-3923	57	23	cost	cost	NOUN
fsr-3923	57	24	institutional	institutional	ADJ
fsr-3923	57	25	option	option	NOUN
fsr-3923	57	26	over	over	ADP
fsr-3923	57	27	the	the	DET
fsr-3923	57	28	higher	high	ADJ
fsr-3923	57	29	cost	cost	NOUN
fsr-3923	57	30	name	name	NOUN
fsr-3923	57	31	-	-	PUNCT
fsr-3923	57	32	brand	brand	NOUN
fsr-3923	57	33	options	option	NOUN
fsr-3923	57	34	are	be	AUX
fsr-3923	57	35	forced	force	VERB
fsr-3923	57	36	to	to	PART
fsr-3923	57	37	pay	pay	VERB
fsr-3923	57	38	about	about	ADV
fsr-3923	57	39	40	40	NUM
fsr-3923	57	40	%	%	NOUN
fsr-3923	57	41	more	more	ADJ
fsr-3923	57	42	in	in	ADP
fsr-3923	57	43	cumulative	cumulative	ADJ
fsr-3923	57	44	fees	fee	NOUN
fsr-3923	57	45	because	because	SCONJ
fsr-3923	57	46	assets	asset	NOUN
fsr-3923	57	47	move	move	VERB
fsr-3923	57	48	into	into	ADP
fsr-3923	57	49	the	the	DET
fsr-3923	57	50	branded	brand	VERB
fsr-3923	57	51	options	option	NOUN
fsr-3923	57	52	.	.	PUNCT
fsr-3923	58	1	2	2	X
fsr-3923	58	2	.	.	X
fsr-3923	58	3	first	first	ADJ
fsr-3923	58	4	principles	principle	NOUN
fsr-3923	58	5	:	:	PUNCT
fsr-3923	58	6	trusts	trust	NOUN
fsr-3923	58	7	,	,	PUNCT
fsr-3923	58	8	trustees	trustee	NOUN
fsr-3923	58	9	and	and	CCONJ
fsr-3923	58	10	fiduciary	fiduciary	ADJ
fsr-3923	58	11	duties	duty	NOUN
fsr-3923	58	12	garla	garla	NOUN
fsr-3923	58	13	(	(	PUNCT
fsr-3923	58	14	1998	1998	NUM
fsr-3923	58	15	)	)	PUNCT
fsr-3923	58	16	provides	provide	VERB
fsr-3923	58	17	a	a	DET
fsr-3923	58	18	taxonomy	taxonomy	NOUN
fsr-3923	58	19	of	of	ADP
fsr-3923	58	20	public	public	ADJ
fsr-3923	58	21	-	-	PUNCT
fsr-3923	58	22	sector	sector	NOUN
fsr-3923	58	23	tax	tax	NOUN
fsr-3923	58	24	-	-	PUNCT
fsr-3923	58	25	qualified	qualified	ADJ
fsr-3923	58	26	and	and	CCONJ
fsr-3923	58	27	nontax	nontax	ADV
fsr-3923	58	28	-	-	PUNCT
fsr-3923	58	29	qualified	qualify	VERB
fsr-3923	58	30	dc	dc	PROPN
fsr-3923	58	31	plans	plan	NOUN
fsr-3923	58	32	.	.	PUNCT
fsr-3923	59	1	section	section	NOUN
fsr-3923	59	2	403(b	403(b	PROPN
fsr-3923	59	3	)	)	PUNCT
fsr-3923	60	1	and	and	CCONJ
fsr-3923	60	2	section	section	NOUN
fsr-3923	60	3	457	457	NUM
fsr-3923	60	4	plans	plan	NOUN
fsr-3923	60	5	(	(	PUNCT
fsr-3923	60	6	designated	designate	VERB
fsr-3923	60	7	by	by	ADP
fsr-3923	60	8	the	the	DET
fsr-3923	60	9	internal	internal	PROPN
fsr-3923	60	10	revenue	revenue	NOUN
fsr-3923	60	11	code	code	NOUN
fsr-3923	60	12	section	section	NOUN
fsr-3923	60	13	)	)	PUNCT
fsr-3923	60	14	are	be	AUX
fsr-3923	60	15	by	by	ADP
fsr-3923	60	16	far	far	ADV
fsr-3923	60	17	the	the	DET
fsr-3923	60	18	most	most	ADV
fsr-3923	60	19	common	common	ADJ
fsr-3923	60	20	public	public	ADJ
fsr-3923	60	21	-	-	PUNCT
fsr-3923	60	22	sector	sector	NOUN
fsr-3923	60	23	dc	dc	PROPN
fsr-3923	60	24	-	-	PUNCT
fsr-3923	60	25	type	type	NOUN
fsr-3923	60	26	plans	plan	NOUN
fsr-3923	60	27	.	.	PUNCT
fsr-3923	61	1	section	section	NOUN
fsr-3923	61	2	403(b	403(b	PROPN
fsr-3923	61	3	)	)	PUNCT
fsr-3923	61	4	plans	plan	NOUN
fsr-3923	61	5	allow	allow	VERB
fsr-3923	61	6	employees	employee	NOUN
fsr-3923	61	7	of	of	ADP
fsr-3923	61	8	state	state	NOUN
fsr-3923	61	9	educational	educational	ADJ
fsr-3923	61	10	organizations	organization	NOUN
fsr-3923	61	11	and	and	CCONJ
fsr-3923	61	12	governmental	governmental	ADJ
fsr-3923	61	13	entities	entity	NOUN
fsr-3923	61	14	to	to	PART
fsr-3923	61	15	elect	elect	VERB
fsr-3923	61	16	to	to	PART
fsr-3923	61	17	have	have	VERB
fsr-3923	61	18	their	their	PRON
fsr-3923	61	19	employer	employer	NOUN
fsr-3923	61	20	make	make	VERB
fsr-3923	61	21	tax	tax	NOUN
fsr-3923	61	22	-	-	PUNCT
fsr-3923	61	23	deferred	defer	VERB
fsr-3923	61	24	contributions	contribution	NOUN
fsr-3923	61	25	for	for	SCONJ
fsr-3923	61	26	them	they	PRON
fsr-3923	61	27	to	to	PART
fsr-3923	61	28	purchase	purchase	VERB
fsr-3923	61	29	an	an	DET
fsr-3923	61	30	annuity	annuity	NOUN
fsr-3923	61	31	contract	contract	NOUN
fsr-3923	61	32	or	or	CCONJ
fsr-3923	61	33	make	make	VERB
fsr-3923	61	34	contributions	contribution	NOUN
fsr-3923	61	35	to	to	ADP
fsr-3923	61	36	a	a	DET
fsr-3923	61	37	custodial	custodial	ADJ
fsr-3923	61	38	account	account	NOUN
fsr-3923	61	39	for	for	ADP
fsr-3923	61	40	investment	investment	NOUN
fsr-3923	61	41	in	in	ADP
fsr-3923	61	42	mutual	mutual	ADJ
fsr-3923	61	43	fund	fund	NOUN
fsr-3923	61	44	shares	share	NOUN
fsr-3923	61	45	.	.	PUNCT
fsr-3923	62	1	section	section	NOUN
fsr-3923	62	2	457	457	NUM
fsr-3923	62	3	199k.w	199k.w	NUM
fsr-3923	62	4	.	.	PUNCT
fsr-3923	63	1	sigrist	sigrist	PROPN
fsr-3923	63	2	,	,	PUNCT
fsr-3923	63	3	s.l	s.l	PROPN
fsr-3923	63	4	.	.	PROPN
fsr-3923	63	5	brown	brown	ADJ
fsr-3923	63	6	/	/	SYM
fsr-3923	63	7	financial	financial	ADJ
fsr-3923	63	8	services	service	NOUN
fsr-3923	63	9	review	review	VERB
fsr-3923	63	10	9	9	NUM
fsr-3923	63	11	(	(	PUNCT
fsr-3923	63	12	2000	2000	NUM
fsr-3923	63	13	)	)	PUNCT
fsr-3923	64	1	197–218	197–218	NUM
fsr-3923	64	2	plans	plan	NOUN
fsr-3923	64	3	are	be	AUX
fsr-3923	64	4	deferred	defer	VERB
fsr-3923	64	5	compensation	compensation	NOUN
fsr-3923	64	6	arrangements	arrangement	NOUN
fsr-3923	64	7	,	,	PUNCT
fsr-3923	64	8	for	for	ADP
fsr-3923	64	9	employee	employee	NOUN
fsr-3923	64	10	contributions	contribution	NOUN
fsr-3923	64	11	,	,	PUNCT
fsr-3923	64	12	that	that	PRON
fsr-3923	64	13	can	can	AUX
fsr-3923	64	14	be	be	AUX
fsr-3923	64	15	established	establish	VERB
fsr-3923	64	16	by	by	ADP
fsr-3923	64	17	a	a	DET
fsr-3923	64	18	state	state	NOUN
fsr-3923	64	19	or	or	CCONJ
fsr-3923	64	20	other	other	ADJ
fsr-3923	64	21	governmental	governmental	ADJ
fsr-3923	64	22	entity	entity	NOUN
fsr-3923	64	23	.	.	PUNCT
fsr-3923	65	1	in	in	ADP
fsr-3923	65	2	1996	1996	NUM
fsr-3923	65	3	,	,	PUNCT
fsr-3923	65	4	section	section	NOUN
fsr-3923	65	5	457	457	NUM
fsr-3923	65	6	was	be	AUX
fsr-3923	65	7	amended	amend	VERB
fsr-3923	65	8	so	so	SCONJ
fsr-3923	65	9	that	that	SCONJ
fsr-3923	65	10	as	as	ADP
fsr-3923	65	11	of	of	ADP
fsr-3923	65	12	january	january	PROPN
fsr-3923	65	13	1	1	NUM
fsr-3923	65	14	,	,	PUNCT
fsr-3923	65	15	1999	1999	NUM
fsr-3923	65	16	all	all	DET
fsr-3923	65	17	assets	asset	NOUN
fsr-3923	65	18	and	and	CCONJ
fsr-3923	65	19	income	income	NOUN
fsr-3923	65	20	of	of	ADP
fsr-3923	65	21	457	457	NUM
fsr-3923	65	22	plans	plan	NOUN
fsr-3923	65	23	must	must	AUX
fsr-3923	65	24	be	be	AUX
fsr-3923	65	25	held	hold	VERB
fsr-3923	65	26	in	in	ADP
fsr-3923	65	27	trust	trust	NOUN
fsr-3923	65	28	for	for	ADP
fsr-3923	65	29	the	the	DET
fsr-3923	65	30	exclusive	exclusive	ADJ
fsr-3923	65	31	benefit	benefit	NOUN
fsr-3923	65	32	of	of	ADP
fsr-3923	65	33	participants	participant	NOUN
fsr-3923	65	34	and	and	CCONJ
fsr-3923	65	35	beneficiaries	beneficiary	NOUN
fsr-3923	65	36	.	.	PUNCT
fsr-3923	66	1	section	section	PROPN
fsr-3923	66	2	401(k	401(k	PROPN
fsr-3923	66	3	)	)	PUNCT
fsr-3923	66	4	plans	plan	NOUN
fsr-3923	66	5	are	be	AUX
fsr-3923	66	6	available	available	ADJ
fsr-3923	66	7	to	to	ADP
fsr-3923	66	8	a	a	DET
fsr-3923	66	9	small	small	ADJ
fsr-3923	66	10	number	number	NOUN
fsr-3923	66	11	of	of	ADP
fsr-3923	66	12	public	public	ADJ
fsr-3923	66	13	employers	employer	NOUN
fsr-3923	66	14	who	who	PRON
fsr-3923	66	15	had	have	VERB
fsr-3923	66	16	them	they	PRON
fsr-3923	66	17	adopted	adopt	VERB
fsr-3923	66	18	prior	prior	ADV
fsr-3923	66	19	to	to	ADP
fsr-3923	66	20	may	may	PROPN
fsr-3923	66	21	6	6	NUM
fsr-3923	66	22	,	,	PUNCT
fsr-3923	66	23	1986	1986	NUM
fsr-3923	66	24	.	.	PUNCT
fsr-3923	67	1	the	the	DET
fsr-3923	67	2	more	more	ADV
fsr-3923	67	3	recent	recent	ADJ
fsr-3923	67	4	wave	wave	NOUN
fsr-3923	67	5	of	of	ADP
fsr-3923	67	6	new	new	ADJ
fsr-3923	67	7	and	and	CCONJ
fsr-3923	67	8	large	large	ADJ
fsr-3923	67	9	public	public	ADJ
fsr-3923	67	10	sector	sector	NOUN
fsr-3923	67	11	dc	dc	PROPN
fsr-3923	67	12	plans	plan	NOUN
fsr-3923	67	13	have	have	AUX
fsr-3923	67	14	been	be	AUX
fsr-3923	67	15	established	establish	VERB
fsr-3923	67	16	as	as	ADP
fsr-3923	67	17	section	section	NOUN
fsr-3923	67	18	401(a	401(a	PROPN
fsr-3923	67	19	)	)	PUNCT
fsr-3923	67	20	money	money	NOUN
fsr-3923	67	21	purchase	purchase	NOUN
fsr-3923	67	22	plans	plan	NOUN
fsr-3923	67	23	.	.	PUNCT
fsr-3923	68	1	in	in	ADP
fsr-3923	68	2	1986	1986	NUM
fsr-3923	68	3	,	,	PUNCT
fsr-3923	68	4	the	the	DET
fsr-3923	68	5	federal	federal	ADJ
fsr-3923	68	6	thrift	thrift	NOUN
fsr-3923	68	7	savings	saving	NOUN
fsr-3923	68	8	plan	plan	NOUN
fsr-3923	68	9	(	(	PUNCT
fsr-3923	68	10	a	a	DET
fsr-3923	68	11	401(a	401(a	PROPN
fsr-3923	68	12	)	)	PUNCT
fsr-3923	68	13	plan	plan	NOUN
fsr-3923	68	14	)	)	PUNCT
fsr-3923	68	15	,	,	PUNCT
fsr-3923	68	16	currently	currently	ADV
fsr-3923	68	17	with	with	ADP
fsr-3923	68	18	$	$	SYM
fsr-3923	68	19	85	85	NUM
fsr-3923	68	20	billion	billion	NUM
fsr-3923	68	21	in	in	ADP
fsr-3923	68	22	assets	asset	NOUN
fsr-3923	68	23	,	,	PUNCT
fsr-3923	68	24	was	be	AUX
fsr-3923	68	25	authorized	authorize	VERB
fsr-3923	68	26	for	for	ADP
fsr-3923	68	27	federal	federal	ADJ
fsr-3923	68	28	employees	employee	NOUN
fsr-3923	68	29	.	.	PUNCT
fsr-3923	69	1	as	as	ADP
fsr-3923	69	2	a	a	DET
fsr-3923	69	3	rule	rule	NOUN
fsr-3923	69	4	,	,	PUNCT
fsr-3923	69	5	public	public	ADJ
fsr-3923	69	6	sector	sector	NOUN
fsr-3923	69	7	retirement	retirement	NOUN
fsr-3923	69	8	systems	system	NOUN
fsr-3923	69	9	are	be	AUX
fsr-3923	69	10	exempt	exempt	ADJ
fsr-3923	69	11	from	from	ADP
fsr-3923	69	12	the	the	DET
fsr-3923	69	13	employment	employment	NOUN
fsr-3923	69	14	retirement	retirement	PROPN
fsr-3923	69	15	income	income	PROPN
fsr-3923	69	16	security	security	PROPN
fsr-3923	69	17	act	act	NOUN
fsr-3923	69	18	(	(	PUNCT
fsr-3923	69	19	erisa	erisa	NOUN
fsr-3923	69	20	)	)	PUNCT
fsr-3923	69	21	of	of	ADP
fsr-3923	69	22	1974	1974	NUM
fsr-3923	69	23	(	(	PUNCT
fsr-3923	69	24	employment	employment	NOUN
fsr-3923	69	25	retirement	retirement	NOUN
fsr-3923	69	26	income	income	PROPN
fsr-3923	69	27	security	security	PROPN
fsr-3923	69	28	act	act	PROPN
fsr-3923	69	29	,	,	PUNCT
fsr-3923	69	30	1974	1974	NUM
fsr-3923	69	31	)	)	PUNCT
fsr-3923	69	32	,	,	PUNCT
fsr-3923	69	33	which	which	PRON
fsr-3923	69	34	governs	govern	VERB
fsr-3923	69	35	corporate	corporate	ADJ
fsr-3923	69	36	401(k	401(k	NOUN
fsr-3923	69	37	)	)	PUNCT
fsr-3923	69	38	programs	program	NOUN
fsr-3923	69	39	.	.	PUNCT
fsr-3923	70	1	without	without	ADP
fsr-3923	70	2	the	the	DET
fsr-3923	70	3	guiding	guide	VERB
fsr-3923	70	4	principles	principle	NOUN
fsr-3923	70	5	of	of	ADP
fsr-3923	70	6	erisa	erisa	NOUN
fsr-3923	70	7	,	,	PUNCT
fsr-3923	70	8	the	the	DET
fsr-3923	70	9	laws	law	NOUN
fsr-3923	70	10	regulating	regulate	VERB
fsr-3923	70	11	public	public	ADJ
fsr-3923	70	12	sector	sector	NOUN
fsr-3923	70	13	dc	dc	PROPN
fsr-3923	70	14	plans	plan	NOUN
fsr-3923	70	15	have	have	AUX
fsr-3923	70	16	evolved	evolve	VERB
fsr-3923	70	17	separately	separately	ADV
fsr-3923	70	18	and	and	CCONJ
fsr-3923	70	19	vary	vary	VERB
fsr-3923	70	20	significantly	significantly	ADV
fsr-3923	70	21	across	across	ADP
fsr-3923	70	22	states	state	NOUN
fsr-3923	70	23	.	.	PUNCT
fsr-3923	71	1	moreover	moreover	ADV
fsr-3923	71	2	,	,	PUNCT
fsr-3923	71	3	both	both	PRON
fsr-3923	71	4	db	db	PROPN
fsr-3923	71	5	and	and	CCONJ
fsr-3923	71	6	dc	dc	PROPN
fsr-3923	71	7	public	public	ADJ
fsr-3923	71	8	sector	sector	NOUN
fsr-3923	71	9	retirement	retirement	NOUN
fsr-3923	71	10	plans	plan	NOUN
fsr-3923	71	11	have	have	AUX
fsr-3923	71	12	often	often	ADV
fsr-3923	71	13	lagged	lag	VERB
fsr-3923	71	14	developments	development	NOUN
fsr-3923	71	15	in	in	ADP
fsr-3923	71	16	modern	modern	ADJ
fsr-3923	71	17	financial	financial	ADJ
fsr-3923	71	18	theory	theory	NOUN
fsr-3923	71	19	and	and	CCONJ
fsr-3923	71	20	practice	practice	NOUN
fsr-3923	71	21	.	.	PUNCT
fsr-3923	72	1	garla	garla	NOUN
fsr-3923	72	2	(	(	PUNCT
fsr-3923	72	3	1998	1998	NUM
fsr-3923	72	4	)	)	PUNCT
fsr-3923	72	5	surveys	survey	NOUN
fsr-3923	72	6	governmental	governmental	ADJ
fsr-3923	72	7	retirement	retirement	NOUN
fsr-3923	72	8	system	system	NOUN
fsr-3923	72	9	law	law	NOUN
fsr-3923	72	10	and	and	CCONJ
fsr-3923	72	11	reports	report	VERB
fsr-3923	72	12	the	the	DET
fsr-3923	72	13	widespread	widespread	ADJ
fsr-3923	72	14	legacy	legacy	NOUN
fsr-3923	72	15	of	of	ADP
fsr-3923	72	16	statutory	statutory	ADJ
fsr-3923	72	17	lists	list	NOUN
fsr-3923	72	18	and	and	CCONJ
fsr-3923	72	19	other	other	ADJ
fsr-3923	72	20	legal	legal	ADJ
fsr-3923	72	21	guidelines	guideline	NOUN
fsr-3923	72	22	that	that	PRON
fsr-3923	72	23	govern	govern	VERB
fsr-3923	72	24	permissible	permissible	ADJ
fsr-3923	72	25	investments	investment	NOUN
fsr-3923	72	26	.	.	PUNCT
fsr-3923	73	1	legal	legal	ADJ
fsr-3923	73	2	considerations	consideration	NOUN
fsr-3923	73	3	are	be	AUX
fsr-3923	73	4	typically	typically	ADV
fsr-3923	73	5	ignored	ignore	VERB
fsr-3923	73	6	in	in	ADP
fsr-3923	73	7	the	the	DET
fsr-3923	73	8	investment	investment	NOUN
fsr-3923	73	9	policy	policy	NOUN
fsr-3923	73	10	literature	literature	NOUN
fsr-3923	73	11	because	because	SCONJ
fsr-3923	73	12	erisa	erisa	NOUN
fsr-3923	73	13	has	have	AUX
fsr-3923	73	14	provided	provide	VERB
fsr-3923	73	15	a	a	DET
fsr-3923	73	16	legal	legal	ADJ
fsr-3923	73	17	framework	framework	NOUN
fsr-3923	73	18	.	.	PUNCT
fsr-3923	74	1	absent	absent	ADJ
fsr-3923	74	2	erisa	erisa	NOUN
fsr-3923	74	3	,	,	PUNCT
fsr-3923	74	4	specific	specific	ADJ
fsr-3923	74	5	laws	law	NOUN
fsr-3923	74	6	and	and	CCONJ
fsr-3923	74	7	statutes	statute	NOUN
fsr-3923	74	8	are	be	AUX
fsr-3923	74	9	necessary	necessary	ADJ
fsr-3923	74	10	to	to	PART
fsr-3923	74	11	initiate	initiate	VERB
fsr-3923	74	12	a	a	DET
fsr-3923	74	13	public	public	ADJ
fsr-3923	74	14	sector	sector	NOUN
fsr-3923	74	15	program	program	NOUN
fsr-3923	74	16	and	and	CCONJ
fsr-3923	74	17	govern	govern	VERB
fsr-3923	74	18	responsibilities	responsibility	NOUN
fsr-3923	74	19	for	for	ADP
fsr-3923	74	20	the	the	DET
fsr-3923	74	21	design	design	NOUN
fsr-3923	74	22	and	and	CCONJ
fsr-3923	74	23	administration	administration	NOUN
fsr-3923	74	24	of	of	ADP
fsr-3923	74	25	the	the	DET
fsr-3923	74	26	program	program	NOUN
fsr-3923	74	27	.	.	PUNCT
fsr-3923	75	1	therefore	therefore	ADV
fsr-3923	75	2	,	,	PUNCT
fsr-3923	75	3	this	this	DET
fsr-3923	75	4	section	section	NOUN
fsr-3923	75	5	discusses	discuss	VERB
fsr-3923	75	6	the	the	DET
fsr-3923	75	7	key	key	ADJ
fsr-3923	75	8	legal	legal	ADJ
fsr-3923	75	9	,	,	PUNCT
fsr-3923	75	10	fiduciary	fiduciary	ADJ
fsr-3923	75	11	and	and	CCONJ
fsr-3923	75	12	governance	governance	NOUN
fsr-3923	75	13	foundations	foundation	NOUN
fsr-3923	75	14	that	that	PRON
fsr-3923	75	15	are	be	AUX
fsr-3923	75	16	necessary	necessary	ADJ
fsr-3923	75	17	to	to	PART
fsr-3923	75	18	establish	establish	VERB
fsr-3923	75	19	a	a	DET
fsr-3923	75	20	sound	sound	ADJ
fsr-3923	75	21	investment	investment	NOUN
fsr-3923	75	22	policy	policy	NOUN
fsr-3923	75	23	in	in	ADP
fsr-3923	75	24	the	the	DET
fsr-3923	75	25	public	public	ADJ
fsr-3923	75	26	sector	sector	NOUN
fsr-3923	75	27	context	context	NOUN
fsr-3923	75	28	.	.	PUNCT
fsr-3923	76	1	2.1	2.1	NUM
fsr-3923	76	2	.	.	PUNCT
fsr-3923	76	3	interested	interested	ADJ
fsr-3923	76	4	parties	party	NOUN
fsr-3923	76	5	and	and	CCONJ
fsr-3923	76	6	the	the	DET
fsr-3923	76	7	political	political	ADJ
fsr-3923	76	8	system	system	NOUN
fsr-3923	76	9	besides	besides	SCONJ
fsr-3923	76	10	erisa	erisa	NOUN
fsr-3923	76	11	,	,	PUNCT
fsr-3923	76	12	another	another	DET
fsr-3923	76	13	difference	difference	NOUN
fsr-3923	76	14	between	between	ADP
fsr-3923	76	15	public	public	ADJ
fsr-3923	76	16	sector	sector	NOUN
fsr-3923	76	17	plans	plan	NOUN
fsr-3923	76	18	and	and	CCONJ
fsr-3923	76	19	corporate	corporate	ADJ
fsr-3923	76	20	plans	plan	NOUN
fsr-3923	76	21	is	be	AUX
fsr-3923	76	22	that	that	SCONJ
fsr-3923	76	23	interest	interest	NOUN
fsr-3923	76	24	groups	group	NOUN
fsr-3923	76	25	routinely	routinely	ADV
fsr-3923	76	26	attempt	attempt	VERB
fsr-3923	76	27	to	to	PART
fsr-3923	76	28	use	use	VERB
fsr-3923	76	29	the	the	DET
fsr-3923	76	30	political	political	ADJ
fsr-3923	76	31	process	process	NOUN
fsr-3923	76	32	to	to	PART
fsr-3923	76	33	enhance	enhance	VERB
fsr-3923	76	34	their	their	PRON
fsr-3923	76	35	well	well	ADV
fsr-3923	76	36	being	being	NOUN
fsr-3923	76	37	and	and	CCONJ
fsr-3923	76	38	profitability	profitability	NOUN
fsr-3923	76	39	—	—	PUNCT
fsr-3923	76	40	a	a	DET
fsr-3923	76	41	phenomenon	phenomenon	NOUN
fsr-3923	76	42	known	know	VERB
fsr-3923	76	43	generically	generically	ADV
fsr-3923	76	44	as	as	ADP
fsr-3923	76	45	rent	rent	NOUN
fsr-3923	76	46	-	-	PUNCT
fsr-3923	76	47	seeking	seeking	NOUN
fsr-3923	76	48	.	.	PUNCT
fsr-3923	77	1	rent	rent	NOUN
fsr-3923	77	2	-	-	PUNCT
fsr-3923	77	3	seeking	seeking	NOUN
fsr-3923	77	4	is	be	AUX
fsr-3923	77	5	not	not	PART
fsr-3923	77	6	the	the	DET
fsr-3923	77	7	same	same	ADJ
fsr-3923	77	8	as	as	ADP
fsr-3923	77	9	lobbying	lobbying	NOUN
fsr-3923	77	10	activity	activity	NOUN
fsr-3923	77	11	.	.	PUNCT
fsr-3923	78	1	the	the	DET
fsr-3923	78	2	latter	latter	ADJ
fsr-3923	78	3	principally	principally	ADV
fsr-3923	78	4	communicates	communicate	VERB
fsr-3923	78	5	information	information	NOUN
fsr-3923	78	6	on	on	ADP
fsr-3923	78	7	political	political	ADJ
fsr-3923	78	8	positions	position	NOUN
fsr-3923	78	9	to	to	ADP
fsr-3923	78	10	decision	decision	NOUN
fsr-3923	78	11	-	-	PUNCT
fsr-3923	78	12	makers	maker	NOUN
fsr-3923	78	13	and	and	CCONJ
fsr-3923	78	14	their	their	PRON
fsr-3923	78	15	staff	staff	NOUN
fsr-3923	78	16	.	.	PUNCT
fsr-3923	79	1	such	such	ADJ
fsr-3923	79	2	communications	communication	NOUN
fsr-3923	79	3	may	may	AUX
fsr-3923	79	4	include	include	VERB
fsr-3923	79	5	proprietary	proprietary	ADJ
fsr-3923	79	6	information	information	NOUN
fsr-3923	79	7	and	and	CCONJ
fsr-3923	79	8	analysis	analysis	NOUN
fsr-3923	79	9	relevant	relevant	ADJ
fsr-3923	79	10	to	to	ADP
fsr-3923	79	11	assessing	assess	VERB
fsr-3923	79	12	the	the	DET
fsr-3923	79	13	economic	economic	ADJ
fsr-3923	79	14	impact	impact	NOUN
fsr-3923	79	15	of	of	ADP
fsr-3923	79	16	potential	potential	ADJ
fsr-3923	79	17	decisions	decision	NOUN
fsr-3923	79	18	.	.	PUNCT
fsr-3923	80	1	rent	rent	NOUN
fsr-3923	80	2	-	-	PUNCT
fsr-3923	80	3	seeking	seeking	NOUN
fsr-3923	80	4	is	be	AUX
fsr-3923	80	5	an	an	DET
fsr-3923	80	6	exercise	exercise	NOUN
fsr-3923	80	7	in	in	ADP
fsr-3923	80	8	redistributing	redistribute	VERB
fsr-3923	80	9	economic	economic	ADJ
fsr-3923	80	10	resources	resource	NOUN
fsr-3923	80	11	by	by	ADP
fsr-3923	80	12	obtaining	obtain	VERB
fsr-3923	80	13	preferential	preferential	ADJ
fsr-3923	80	14	tax	tax	NOUN
fsr-3923	80	15	,	,	PUNCT
fsr-3923	80	16	regulatory	regulatory	ADJ
fsr-3923	80	17	or	or	CCONJ
fsr-3923	80	18	procurement	procurement	NOUN
fsr-3923	80	19	policies	policy	NOUN
fsr-3923	80	20	.	.	PUNCT
fsr-3923	81	1	in	in	ADP
fsr-3923	81	2	the	the	DET
fsr-3923	81	3	context	context	NOUN
fsr-3923	81	4	of	of	ADP
fsr-3923	81	5	public	public	ADJ
fsr-3923	81	6	retirement	retirement	NOUN
fsr-3923	81	7	systems	system	NOUN
fsr-3923	81	8	,	,	PUNCT
fsr-3923	81	9	rent	rent	NOUN
fsr-3923	81	10	-	-	PUNCT
fsr-3923	81	11	seeking	seek	VERB
fsr-3923	81	12	behavior	behavior	NOUN
fsr-3923	81	13	can	can	AUX
fsr-3923	81	14	take	take	VERB
fsr-3923	81	15	several	several	ADJ
fsr-3923	81	16	forms	form	NOUN
fsr-3923	81	17	.	.	PUNCT
fsr-3923	82	1	first	first	ADV
fsr-3923	82	2	,	,	PUNCT
fsr-3923	82	3	potential	potential	ADJ
fsr-3923	82	4	vendors	vendor	NOUN
fsr-3923	82	5	may	may	AUX
fsr-3923	82	6	try	try	VERB
fsr-3923	82	7	to	to	PART
fsr-3923	82	8	manipulate	manipulate	VERB
fsr-3923	82	9	decision	decision	NOUN
fsr-3923	82	10	-	-	PUNCT
fsr-3923	82	11	makers	maker	NOUN
fsr-3923	82	12	through	through	ADP
fsr-3923	82	13	the	the	DET
fsr-3923	82	14	statutory	statutory	ADJ
fsr-3923	82	15	,	,	PUNCT
fsr-3923	82	16	budgetary	budgetary	ADJ
fsr-3923	82	17	or	or	CCONJ
fsr-3923	82	18	administrative	administrative	ADJ
fsr-3923	82	19	law	law	NOUN
fsr-3923	82	20	processes	process	NOUN
fsr-3923	82	21	.	.	PUNCT
fsr-3923	83	1	second	second	ADJ
fsr-3923	83	2	,	,	PUNCT
fsr-3923	83	3	potential	potential	ADJ
fsr-3923	83	4	vendors	vendor	NOUN
fsr-3923	83	5	have	have	AUX
fsr-3923	83	6	apparently	apparently	ADV
fsr-3923	83	7	established	establish	VERB
fsr-3923	83	8	economic	economic	ADJ
fsr-3923	83	9	and	and	CCONJ
fsr-3923	83	10	financial	financial	ADJ
fsr-3923	83	11	relationships	relationship	NOUN
fsr-3923	83	12	with	with	ADP
fsr-3923	83	13	traditional	traditional	ADJ
fsr-3923	83	14	lobbying	lobbying	NOUN
fsr-3923	83	15	organizations	organization	NOUN
fsr-3923	83	16	,	,	PUNCT
fsr-3923	83	17	such	such	ADJ
fsr-3923	83	18	as	as	ADP
fsr-3923	83	19	local	local	ADJ
fsr-3923	83	20	government	government	NOUN
fsr-3923	83	21	associations	association	NOUN
fsr-3923	83	22	(	(	PUNCT
fsr-3923	83	23	e.g.	e.g.	ADV
fsr-3923	83	24	,	,	PUNCT
fsr-3923	83	25	associations	association	NOUN
fsr-3923	83	26	of	of	ADP
fsr-3923	83	27	counties	county	NOUN
fsr-3923	83	28	and	and	CCONJ
fsr-3923	83	29	leagues	league	NOUN
fsr-3923	83	30	of	of	ADP
fsr-3923	83	31	cities	city	NOUN
fsr-3923	83	32	)	)	PUNCT
fsr-3923	83	33	,	,	PUNCT
fsr-3923	83	34	unions	union	NOUN
fsr-3923	83	35	and	and	CCONJ
fsr-3923	83	36	professional	professional	ADJ
fsr-3923	83	37	associations	association	NOUN
fsr-3923	83	38	(	(	PUNCT
fsr-3923	83	39	pinkston	pinkston	PROPN
fsr-3923	83	40	,	,	PUNCT
fsr-3923	83	41	2000	2000	NUM
fsr-3923	83	42	;	;	PUNCT
fsr-3923	83	43	jacobius	jacobius	NOUN
fsr-3923	83	44	,	,	PUNCT
fsr-3923	83	45	2000	2000	NUM
fsr-3923	83	46	)	)	PUNCT
fsr-3923	83	47	.	.	PUNCT
fsr-3923	84	1	third	third	ADV
fsr-3923	84	2	,	,	PUNCT
fsr-3923	84	3	some	some	DET
fsr-3923	84	4	lobbying	lobbying	NOUN
fsr-3923	84	5	organizations	organization	NOUN
fsr-3923	84	6	,	,	PUNCT
fsr-3923	84	7	such	such	ADJ
fsr-3923	84	8	as	as	ADP
fsr-3923	84	9	local	local	ADJ
fsr-3923	84	10	government	government	NOUN
fsr-3923	84	11	associations	association	NOUN
fsr-3923	84	12	,	,	PUNCT
fsr-3923	84	13	may	may	AUX
fsr-3923	84	14	have	have	VERB
fsr-3923	84	15	captive	captive	ADJ
fsr-3923	84	16	money	money	NOUN
fsr-3923	84	17	management	management	NOUN
fsr-3923	84	18	operations	operation	NOUN
fsr-3923	84	19	.	.	PUNCT
fsr-3923	85	1	fourth	fourth	ADJ
fsr-3923	85	2	,	,	PUNCT
fsr-3923	85	3	other	other	ADJ
fsr-3923	85	4	interest	interest	NOUN
fsr-3923	85	5	groups	group	NOUN
fsr-3923	85	6	can	can	AUX
fsr-3923	85	7	be	be	AUX
fsr-3923	85	8	expected	expect	VERB
fsr-3923	85	9	to	to	PART
fsr-3923	85	10	lobby	lobby	VERB
fsr-3923	85	11	for	for	ADP
fsr-3923	85	12	economically	economically	ADV
fsr-3923	85	13	targeted	target	VERB
fsr-3923	85	14	investment	investment	NOUN
fsr-3923	85	15	policies	policy	NOUN
fsr-3923	85	16	.	.	PUNCT
fsr-3923	86	1	finally	finally	ADV
fsr-3923	86	2	,	,	PUNCT
fsr-3923	86	3	trustees	trustee	NOUN
fsr-3923	86	4	of	of	ADP
fsr-3923	86	5	a	a	DET
fsr-3923	86	6	retirement	retirement	NOUN
fsr-3923	86	7	system	system	NOUN
fsr-3923	86	8	may	may	AUX
fsr-3923	86	9	face	face	VERB
fsr-3923	86	10	rent	rent	NOUN
fsr-3923	86	11	-	-	PUNCT
fsr-3923	86	12	seeking	seek	VERB
fsr-3923	86	13	activity	activity	NOUN
fsr-3923	86	14	within	within	ADP
fsr-3923	86	15	the	the	DET
fsr-3923	86	16	ranks	rank	NOUN
fsr-3923	86	17	of	of	ADP
fsr-3923	86	18	their	their	PRON
fsr-3923	86	19	professional	professional	ADJ
fsr-3923	86	20	staff	staff	NOUN
fsr-3923	86	21	,	,	PUNCT
fsr-3923	86	22	whose	whose	DET
fsr-3923	86	23	interests	interest	NOUN
fsr-3923	86	24	may	may	AUX
fsr-3923	86	25	be	be	AUX
fsr-3923	86	26	mis	mi	NOUN
fsr-3923	86	27	-	-	VERB
fsr-3923	86	28	aligned	align	VERB
fsr-3923	86	29	with	with	ADP
fsr-3923	86	30	those	those	PRON
fsr-3923	86	31	of	of	ADP
fsr-3923	86	32	participants	participant	NOUN
fsr-3923	86	33	,	,	PUNCT
fsr-3923	86	34	particularly	particularly	ADV
fsr-3923	86	35	if	if	SCONJ
fsr-3923	86	36	hiring	hire	VERB
fsr-3923	86	37	and	and	CCONJ
fsr-3923	86	38	firing	firing	NOUN
fsr-3923	86	39	of	of	ADP
fsr-3923	86	40	staff	staff	NOUN
fsr-3923	86	41	is	be	AUX
fsr-3923	86	42	restricted	restrict	VERB
fsr-3923	86	43	by	by	ADP
fsr-3923	86	44	civil	civil	ADJ
fsr-3923	86	45	service	service	NOUN
fsr-3923	86	46	laws	law	NOUN
fsr-3923	86	47	.	.	PUNCT
fsr-3923	87	1	200	200	NUM
fsr-3923	87	2	k.w	k.w	PROPN
fsr-3923	87	3	.	.	PROPN
fsr-3923	87	4	sigrist	sigrist	PROPN
fsr-3923	87	5	,	,	PUNCT
fsr-3923	87	6	s.l	s.l	PROPN
fsr-3923	87	7	.	.	PROPN
fsr-3923	87	8	brown	brown	ADJ
fsr-3923	87	9	/	/	SYM
fsr-3923	87	10	financial	financial	ADJ
fsr-3923	87	11	services	service	NOUN
fsr-3923	87	12	review	review	VERB
fsr-3923	87	13	9	9	NUM
fsr-3923	87	14	(	(	PUNCT
fsr-3923	87	15	2000	2000	NUM
fsr-3923	87	16	)	)	PUNCT
fsr-3923	88	1	197–218	197–218	NUM
fsr-3923	88	2	the	the	DET
fsr-3923	88	3	existence	existence	NOUN
fsr-3923	88	4	of	of	ADP
fsr-3923	88	5	interest	interest	NOUN
fsr-3923	88	6	group	group	NOUN
fsr-3923	88	7	pressures	pressure	NOUN
fsr-3923	88	8	dictate	dictate	VERB
fsr-3923	88	9	that	that	SCONJ
fsr-3923	88	10	implementing	implement	VERB
fsr-3923	88	11	statutes	statute	NOUN
fsr-3923	88	12	must	must	AUX
fsr-3923	88	13	incorporate	incorporate	VERB
fsr-3923	88	14	good	good	ADJ
fsr-3923	88	15	financial	financial	ADJ
fsr-3923	88	16	and	and	CCONJ
fsr-3923	88	17	governance	governance	NOUN
fsr-3923	88	18	policy	policy	NOUN
fsr-3923	88	19	to	to	PART
fsr-3923	88	20	ensure	ensure	VERB
fsr-3923	88	21	that	that	SCONJ
fsr-3923	88	22	participants	participant	NOUN
fsr-3923	88	23	and	and	CCONJ
fsr-3923	88	24	taxpayers	taxpayer	NOUN
fsr-3923	88	25	are	be	AUX
fsr-3923	88	26	sheltered	shelter	VERB
fsr-3923	88	27	from	from	ADP
fsr-3923	88	28	the	the	DET
fsr-3923	88	29	rent	rent	NOUN
fsr-3923	88	30	-	-	PUNCT
fsr-3923	88	31	seeking	seek	VERB
fsr-3923	88	32	behavior	behavior	NOUN
fsr-3923	88	33	of	of	ADP
fsr-3923	88	34	interest	interest	NOUN
fsr-3923	88	35	groups	group	NOUN
fsr-3923	88	36	.	.	PUNCT
fsr-3923	89	1	such	such	ADJ
fsr-3923	89	2	behavior	behavior	NOUN
fsr-3923	89	3	generally	generally	ADV
fsr-3923	89	4	increases	increase	VERB
fsr-3923	89	5	the	the	DET
fsr-3923	89	6	costs	cost	NOUN
fsr-3923	89	7	of	of	ADP
fsr-3923	89	8	dc	dc	PROPN
fsr-3923	89	9	plans	plan	NOUN
fsr-3923	89	10	and	and	CCONJ
fsr-3923	89	11	thus	thus	ADV
fsr-3923	89	12	reduces	reduce	VERB
fsr-3923	89	13	the	the	DET
fsr-3923	89	14	eventual	eventual	ADJ
fsr-3923	89	15	benefits	benefit	NOUN
fsr-3923	89	16	that	that	PRON
fsr-3923	89	17	accrue	accrue	VERB
fsr-3923	89	18	to	to	ADP
fsr-3923	89	19	participants	participant	NOUN
fsr-3923	89	20	.	.	PUNCT
fsr-3923	90	1	it	it	PRON
fsr-3923	90	2	is	be	AUX
fsr-3923	90	3	speculative	speculative	ADJ
fsr-3923	90	4	to	to	PART
fsr-3923	90	5	predict	predict	VERB
fsr-3923	90	6	whether	whether	SCONJ
fsr-3923	90	7	,	,	PUNCT
fsr-3923	90	8	and	and	CCONJ
fsr-3923	90	9	under	under	ADP
fsr-3923	90	10	what	what	DET
fsr-3923	90	11	circumstances	circumstance	NOUN
fsr-3923	90	12	,	,	PUNCT
fsr-3923	90	13	these	these	DET
fsr-3923	90	14	types	type	NOUN
fsr-3923	90	15	of	of	ADP
fsr-3923	90	16	political	political	ADJ
fsr-3923	90	17	efforts	effort	NOUN
fsr-3923	90	18	might	might	AUX
fsr-3923	90	19	cause	cause	VERB
fsr-3923	90	20	public	public	ADJ
fsr-3923	90	21	sector	sector	NOUN
fsr-3923	90	22	decision	decision	NOUN
fsr-3923	90	23	makers	maker	NOUN
fsr-3923	90	24	to	to	PART
fsr-3923	90	25	take	take	VERB
fsr-3923	90	26	actions	action	NOUN
fsr-3923	90	27	potentially	potentially	ADV
fsr-3923	90	28	adverse	adverse	ADJ
fsr-3923	90	29	to	to	ADP
fsr-3923	90	30	the	the	DET
fsr-3923	90	31	interests	interest	NOUN
fsr-3923	90	32	of	of	ADP
fsr-3923	90	33	participants	participant	NOUN
fsr-3923	90	34	.	.	PUNCT
fsr-3923	91	1	for	for	ADP
fsr-3923	91	2	instance	instance	NOUN
fsr-3923	91	3	,	,	PUNCT
fsr-3923	91	4	trustees	trustee	NOUN
fsr-3923	91	5	are	be	AUX
fsr-3923	91	6	generally	generally	ADV
fsr-3923	91	7	accomplished	accomplish	VERB
fsr-3923	91	8	professionals	professional	NOUN
fsr-3923	91	9	with	with	ADP
fsr-3923	91	10	integrity	integrity	NOUN
fsr-3923	91	11	and	and	CCONJ
fsr-3923	91	12	substance	substance	NOUN
fsr-3923	91	13	and	and	CCONJ
fsr-3923	91	14	possessing	possess	VERB
fsr-3923	91	15	sufficient	sufficient	ADJ
fsr-3923	91	16	resources	resource	NOUN
fsr-3923	91	17	to	to	PART
fsr-3923	91	18	help	help	VERB
fsr-3923	91	19	them	they	PRON
fsr-3923	91	20	recognize	recognize	VERB
fsr-3923	91	21	and	and	CCONJ
fsr-3923	91	22	understand	understand	VERB
fsr-3923	91	23	their	their	PRON
fsr-3923	91	24	duties	duty	NOUN
fsr-3923	91	25	to	to	ADP
fsr-3923	91	26	participants	participant	NOUN
fsr-3923	91	27	.	.	PUNCT
fsr-3923	92	1	at	at	ADP
fsr-3923	92	2	the	the	DET
fsr-3923	92	3	same	same	ADJ
fsr-3923	92	4	time	time	NOUN
fsr-3923	92	5	,	,	PUNCT
fsr-3923	92	6	the	the	DET
fsr-3923	92	7	history	history	NOUN
fsr-3923	92	8	of	of	ADP
fsr-3923	92	9	public	public	ADJ
fsr-3923	92	10	sector	sector	NOUN
fsr-3923	92	11	db	db	PROPN
fsr-3923	92	12	plans	plan	NOUN
fsr-3923	92	13	is	be	AUX
fsr-3923	92	14	instructive	instructive	ADJ
fsr-3923	92	15	.	.	PUNCT
fsr-3923	93	1	political	political	ADJ
fsr-3923	93	2	pressures	pressure	NOUN
fsr-3923	93	3	have	have	AUX
fsr-3923	93	4	led	lead	VERB
fsr-3923	93	5	to	to	ADP
fsr-3923	93	6	legal	legal	ADJ
fsr-3923	93	7	restrictions	restriction	NOUN
fsr-3923	93	8	on	on	ADP
fsr-3923	93	9	investments	investment	NOUN
fsr-3923	93	10	(	(	PUNCT
fsr-3923	93	11	constitutional	constitutional	ADJ
fsr-3923	93	12	and	and	CCONJ
fsr-3923	93	13	statutory	statutory	ADJ
fsr-3923	93	14	)	)	PUNCT
fsr-3923	93	15	,	,	PUNCT
fsr-3923	93	16	economically	economically	ADV
fsr-3923	93	17	targeted	target	VERB
fsr-3923	93	18	investments	investment	NOUN
fsr-3923	93	19	,	,	PUNCT
fsr-3923	93	20	social	social	ADJ
fsr-3923	93	21	investments	investment	NOUN
fsr-3923	93	22	and	and	CCONJ
fsr-3923	93	23	occasional	occasional	ADJ
fsr-3923	93	24	budget	budget	NOUN
fsr-3923	93	25	actions	action	NOUN
fsr-3923	93	26	affecting	affect	VERB
fsr-3923	93	27	contributions	contribution	NOUN
fsr-3923	93	28	or	or	CCONJ
fsr-3923	93	29	plan	plan	VERB
fsr-3923	93	30	assets	asset	NOUN
fsr-3923	93	31	(	(	PUNCT
fsr-3923	93	32	garla	garla	PROPN
fsr-3923	93	33	,	,	PUNCT
fsr-3923	93	34	1998	1998	NUM
fsr-3923	93	35	;	;	PUNCT
fsr-3923	93	36	garthwaite	garthwaite	ADJ
fsr-3923	93	37	,	,	PUNCT
fsr-3923	93	38	1999	1999	NUM
fsr-3923	93	39	;	;	PUNCT
fsr-3923	93	40	useem	useem	PROPN
fsr-3923	93	41	&	&	CCONJ
fsr-3923	93	42	hess	hess	PROPN
fsr-3923	93	43	,	,	PUNCT
fsr-3923	93	44	1999	1999	NUM
fsr-3923	93	45	)	)	PUNCT
fsr-3923	93	46	.	.	PUNCT
fsr-3923	94	1	2.2	2.2	NUM
fsr-3923	94	2	.	.	PUNCT
fsr-3923	95	1	the	the	DET
fsr-3923	95	2	uniform	uniform	ADJ
fsr-3923	95	3	management	management	NOUN
fsr-3923	95	4	of	of	ADP
fsr-3923	95	5	public	public	ADJ
fsr-3923	95	6	employee	employee	NOUN
fsr-3923	95	7	retirement	retirement	NOUN
fsr-3923	95	8	systems	systems	PROPN
fsr-3923	95	9	act	act	VERB
fsr-3923	95	10	importantly	importantly	ADV
fsr-3923	95	11	,	,	PUNCT
fsr-3923	95	12	there	there	PRON
fsr-3923	95	13	is	be	VERB
fsr-3923	95	14	movement	movement	NOUN
fsr-3923	95	15	toward	toward	ADP
fsr-3923	95	16	standardizing	standardize	VERB
fsr-3923	95	17	the	the	DET
fsr-3923	95	18	legal	legal	ADJ
fsr-3923	95	19	infrastructure	infrastructure	NOUN
fsr-3923	95	20	governing	govern	VERB
fsr-3923	95	21	public	public	ADJ
fsr-3923	95	22	sector	sector	NOUN
fsr-3923	95	23	plans	plan	NOUN
fsr-3923	95	24	and	and	CCONJ
fsr-3923	95	25	incorporating	incorporate	VERB
fsr-3923	95	26	some	some	PRON
fsr-3923	95	27	of	of	ADP
fsr-3923	95	28	the	the	DET
fsr-3923	95	29	key	key	ADJ
fsr-3923	95	30	components	component	NOUN
fsr-3923	95	31	of	of	ADP
fsr-3923	95	32	erisa	erisa	NOUN
fsr-3923	95	33	.	.	PUNCT
fsr-3923	96	1	the	the	DET
fsr-3923	96	2	uniform	uniform	ADJ
fsr-3923	96	3	management	management	NOUN
fsr-3923	96	4	of	of	ADP
fsr-3923	96	5	public	public	ADJ
fsr-3923	96	6	employee	employee	NOUN
fsr-3923	96	7	retirement	retirement	NOUN
fsr-3923	96	8	systems	systems	PROPN
fsr-3923	96	9	act	act	PROPN
fsr-3923	96	10	(	(	PUNCT
fsr-3923	96	11	“	"	PUNCT
fsr-3923	96	12	mpers	mper	NOUN
fsr-3923	96	13	”	"	PUNCT
fsr-3923	96	14	)	)	PUNCT
fsr-3923	96	15	(	(	PUNCT
fsr-3923	96	16	national	national	ADJ
fsr-3923	96	17	conference	conference	NOUN
fsr-3923	96	18	of	of	ADP
fsr-3923	96	19	commissioners	commissioner	NOUN
fsr-3923	96	20	on	on	ADP
fsr-3923	96	21	uniform	uniform	ADJ
fsr-3923	96	22	state	state	NOUN
fsr-3923	96	23	laws	law	NOUN
fsr-3923	96	24	,	,	PUNCT
fsr-3923	96	25	1997	1997	NUM
fsr-3923	96	26	)	)	PUNCT
fsr-3923	96	27	develops	develop	VERB
fsr-3923	96	28	a	a	DET
fsr-3923	96	29	uniform	uniform	ADJ
fsr-3923	96	30	legal	legal	ADJ
fsr-3923	96	31	framework	framework	NOUN
fsr-3923	96	32	for	for	ADP
fsr-3923	96	33	the	the	DET
fsr-3923	96	34	administration	administration	NOUN
fsr-3923	96	35	and	and	CCONJ
fsr-3923	96	36	operation	operation	NOUN
fsr-3923	96	37	of	of	ADP
fsr-3923	96	38	state	state	NOUN
fsr-3923	96	39	and	and	CCONJ
fsr-3923	96	40	local	local	ADJ
fsr-3923	96	41	public	public	ADJ
fsr-3923	96	42	sector	sector	NOUN
fsr-3923	96	43	db	db	PROPN
fsr-3923	96	44	and	and	CCONJ
fsr-3923	96	45	dc	dc	PROPN
fsr-3923	96	46	plans	plan	NOUN
fsr-3923	96	47	.	.	PUNCT
fsr-3923	97	1	mpers	mper	NOUN
fsr-3923	97	2	sets	set	VERB
fsr-3923	97	3	out	out	ADP
fsr-3923	97	4	much	much	ADJ
fsr-3923	97	5	of	of	ADP
fsr-3923	97	6	the	the	DET
fsr-3923	97	7	legal	legal	ADJ
fsr-3923	97	8	infrastructure	infrastructure	NOUN
fsr-3923	97	9	that	that	PRON
fsr-3923	97	10	is	be	AUX
fsr-3923	97	11	necessary	necessary	ADJ
fsr-3923	97	12	to	to	PART
fsr-3923	97	13	facilitate	facilitate	VERB
fsr-3923	97	14	an	an	DET
fsr-3923	97	15	effective	effective	ADJ
fsr-3923	97	16	investment	investment	NOUN
fsr-3923	97	17	policy	policy	NOUN
fsr-3923	97	18	and	and	CCONJ
fsr-3923	97	19	the	the	DET
fsr-3923	97	20	balance	balance	NOUN
fsr-3923	97	21	of	of	ADP
fsr-3923	97	22	this	this	DET
fsr-3923	97	23	section	section	NOUN
fsr-3923	97	24	explores	explore	VERB
fsr-3923	97	25	certain	certain	ADJ
fsr-3923	97	26	aspects	aspect	NOUN
fsr-3923	97	27	of	of	ADP
fsr-3923	97	28	mpers	mper	NOUN
fsr-3923	97	29	.	.	PUNCT
fsr-3923	98	1	one	one	NUM
fsr-3923	98	2	of	of	ADP
fsr-3923	98	3	the	the	DET
fsr-3923	98	4	guiding	guide	VERB
fsr-3923	98	5	principles	principle	NOUN
fsr-3923	98	6	of	of	ADP
fsr-3923	98	7	mpers	mper	NOUN
fsr-3923	98	8	(	(	PUNCT
fsr-3923	98	9	and	and	CCONJ
fsr-3923	98	10	erisa	erisa	NOUN
fsr-3923	98	11	)	)	PUNCT
fsr-3923	98	12	is	be	AUX
fsr-3923	98	13	the	the	DET
fsr-3923	98	14	requirement	requirement	NOUN
fsr-3923	98	15	that	that	SCONJ
fsr-3923	98	16	assets	asset	NOUN
fsr-3923	98	17	of	of	ADP
fsr-3923	98	18	retirement	retirement	NOUN
fsr-3923	98	19	systems	system	NOUN
fsr-3923	98	20	be	be	AUX
fsr-3923	98	21	held	hold	VERB
fsr-3923	98	22	in	in	ADP
fsr-3923	98	23	trust	trust	NOUN
fsr-3923	98	24	and	and	CCONJ
fsr-3923	98	25	that	that	SCONJ
fsr-3923	98	26	trustees	trustee	NOUN
fsr-3923	98	27	have	have	VERB
fsr-3923	98	28	theexclusiveauthority	theexclusiveauthority	NOUN
fsr-3923	98	29	to	to	PART
fsr-3923	98	30	invest	invest	VERB
fsr-3923	98	31	and	and	CCONJ
fsr-3923	98	32	manage	manage	VERB
fsr-3923	98	33	those	those	DET
fsr-3923	98	34	assets	asset	NOUN
fsr-3923	98	35	.	.	PUNCT
fsr-3923	99	1	further	far	ADV
fsr-3923	99	2	,	,	PUNCT
fsr-3923	99	3	mpers	mper	NOUN
fsr-3923	99	4	establishes	establish	VERB
fsr-3923	99	5	that	that	SCONJ
fsr-3923	99	6	trustees	trustee	NOUN
fsr-3923	99	7	should	should	AUX
fsr-3923	99	8	be	be	AUX
fsr-3923	99	9	sufficiently	sufficiently	ADV
fsr-3923	99	10	independent	independent	ADJ
fsr-3923	99	11	to	to	AUX
fsr-3923	99	12	effectively	effectively	ADV
fsr-3923	99	13	and	and	CCONJ
fsr-3923	99	14	efficiently	efficiently	ADV
fsr-3923	99	15	perform	perform	VERB
fsr-3923	99	16	their	their	PRON
fsr-3923	99	17	duties	duty	NOUN
fsr-3923	99	18	.	.	PUNCT
fsr-3923	100	1	among	among	ADP
fsr-3923	100	2	the	the	DET
fsr-3923	100	3	exclusive	exclusive	ADJ
fsr-3923	100	4	powers	power	NOUN
fsr-3923	100	5	that	that	PRON
fsr-3923	100	6	mpers	mper	VERB
fsr-3923	100	7	confers	confer	NOUN
fsr-3923	100	8	are	be	AUX
fsr-3923	100	9	:	:	PUNCT
fsr-3923	100	10	the	the	DET
fsr-3923	100	11	power	power	NOUN
fsr-3923	100	12	to	to	PART
fsr-3923	100	13	establish	establish	VERB
fsr-3923	100	14	an	an	DET
fsr-3923	100	15	administrative	administrative	ADJ
fsr-3923	100	16	budget	budget	NOUN
fsr-3923	100	17	sufficient	sufficient	ADJ
fsr-3923	100	18	to	to	PART
fsr-3923	100	19	perform	perform	VERB
fsr-3923	100	20	the	the	DET
fsr-3923	100	21	trustee	trustee	NOUN
fsr-3923	100	22	’s	’s	PART
fsr-3923	100	23	duties	duty	NOUN
fsr-3923	100	24	and	and	CCONJ
fsr-3923	100	25	as	as	ADP
fsr-3923	100	26	appropriate	appropriate	ADJ
fsr-3923	100	27	and	and	CCONJ
fsr-3923	100	28	reasonable	reasonable	ADJ
fsr-3923	100	29	draw	draw	NOUN
fsr-3923	100	30	upon	upon	SCONJ
fsr-3923	100	31	assets	asset	NOUN
fsr-3923	100	32	of	of	ADP
fsr-3923	100	33	the	the	DET
fsr-3923	100	34	retirement	retirement	NOUN
fsr-3923	100	35	system	system	NOUN
fsr-3923	100	36	to	to	PART
fsr-3923	100	37	fund	fund	VERB
fsr-3923	100	38	the	the	DET
fsr-3923	100	39	budget	budget	NOUN
fsr-3923	100	40	;	;	PUNCT
fsr-3923	100	41	the	the	DET
fsr-3923	100	42	power	power	NOUN
fsr-3923	100	43	to	to	PART
fsr-3923	100	44	obtain	obtain	VERB
fsr-3923	100	45	by	by	ADP
fsr-3923	100	46	contract	contract	NOUN
fsr-3923	100	47	the	the	DET
fsr-3923	100	48	services	service	NOUN
fsr-3923	100	49	necessary	necessary	ADJ
fsr-3923	100	50	to	to	PART
fsr-3923	100	51	exercise	exercise	VERB
fsr-3923	100	52	the	the	DET
fsr-3923	100	53	trustees	trustee	NOUN
fsr-3923	100	54	’	'	PUNCT
fsr-3923	100	55	duties	duty	NOUN
fsr-3923	100	56	;	;	PUNCT
fsr-3923	100	57	the	the	DET
fsr-3923	100	58	power	power	NOUN
fsr-3923	100	59	to	to	PART
fsr-3923	100	60	procure	procure	VERB
fsr-3923	100	61	and	and	CCONJ
fsr-3923	100	62	dispose	dispose	NOUN
fsr-3923	100	63	of	of	ADP
fsr-3923	100	64	goods	good	NOUN
fsr-3923	100	65	and	and	CCONJ
fsr-3923	100	66	property	property	NOUN
fsr-3923	100	67	necessary	necessary	ADJ
fsr-3923	100	68	to	to	PART
fsr-3923	100	69	exercise	exercise	VERB
fsr-3923	100	70	the	the	DET
fsr-3923	100	71	trustees	trustee	NOUN
fsr-3923	100	72	’	’	PART
fsr-3923	100	73	powers	power	NOUN
fsr-3923	100	74	and	and	CCONJ
fsr-3923	100	75	perform	perform	VERB
fsr-3923	100	76	the	the	DET
fsr-3923	100	77	trustee	trustee	NOUN
fsr-3923	100	78	’s	’s	PART
fsr-3923	100	79	duties	duty	NOUN
fsr-3923	100	80	.	.	PUNCT
fsr-3923	101	1	trustee	trustee	NOUN
fsr-3923	101	2	independence	independence	NOUN
fsr-3923	101	3	is	be	AUX
fsr-3923	101	4	essential	essential	ADJ
fsr-3923	101	5	because	because	SCONJ
fsr-3923	101	6	it	it	PRON
fsr-3923	101	7	permits	permit	VERB
fsr-3923	101	8	them	they	PRON
fsr-3923	101	9	to	to	PART
fsr-3923	101	10	perform	perform	VERB
fsr-3923	101	11	their	their	PRON
fsr-3923	101	12	duties	duty	NOUN
fsr-3923	101	13	in	in	ADP
fsr-3923	101	14	the	the	DET
fsr-3923	101	15	face	face	NOUN
fsr-3923	101	16	of	of	ADP
fsr-3923	101	17	political	political	ADJ
fsr-3923	101	18	pressure	pressure	NOUN
fsr-3923	101	19	from	from	ADP
fsr-3923	101	20	“	"	PUNCT
fsr-3923	101	21	interested	interested	ADJ
fsr-3923	101	22	parties	party	NOUN
fsr-3923	101	23	.	.	PUNCT
fsr-3923	101	24	”	"	PUNCT
fsr-3923	102	1	in	in	ADP
fsr-3923	102	2	the	the	DET
fsr-3923	102	3	absence	absence	NOUN
fsr-3923	102	4	of	of	ADP
fsr-3923	102	5	independence	independence	NOUN
fsr-3923	102	6	,	,	PUNCT
fsr-3923	102	7	trustees	trustee	NOUN
fsr-3923	102	8	may	may	AUX
fsr-3923	102	9	be	be	AUX
fsr-3923	102	10	forced	force	VERB
fsr-3923	102	11	to	to	PART
fsr-3923	102	12	decide	decide	VERB
fsr-3923	102	13	between	between	ADP
fsr-3923	102	14	fulfilling	fulfil	VERB
fsr-3923	102	15	their	their	PRON
fsr-3923	102	16	fiduciary	fiduciary	ADJ
fsr-3923	102	17	obligation	obligation	NOUN
fsr-3923	102	18	to	to	ADP
fsr-3923	102	19	participants	participant	NOUN
fsr-3923	102	20	or	or	CCONJ
fsr-3923	102	21	following	follow	VERB
fsr-3923	102	22	the	the	DET
fsr-3923	102	23	suggestions	suggestion	NOUN
fsr-3923	102	24	of	of	ADP
fsr-3923	102	25	groups	group	NOUN
fsr-3923	102	26	whose	whose	DET
fsr-3923	102	27	interests	interest	NOUN
fsr-3923	102	28	may	may	AUX
fsr-3923	102	29	not	not	PART
fsr-3923	102	30	be	be	AUX
fsr-3923	102	31	aligned	align	VERB
fsr-3923	102	32	with	with	ADP
fsr-3923	102	33	those	those	PRON
fsr-3923	102	34	of	of	ADP
fsr-3923	102	35	the	the	DET
fsr-3923	102	36	participants	participant	NOUN
fsr-3923	102	37	.	.	PUNCT
fsr-3923	103	1	the	the	DET
fsr-3923	103	2	surest	sure	ADJ
fsr-3923	103	3	protection	protection	NOUN
fsr-3923	103	4	for	for	ADP
fsr-3923	103	5	trustees	trustee	NOUN
fsr-3923	103	6	’	'	PUNCT
fsr-3923	103	7	independence	independence	NOUN
fsr-3923	103	8	is	be	AUX
fsr-3923	103	9	through	through	ADP
fsr-3923	103	10	a	a	DET
fsr-3923	103	11	constitutional	constitutional	ADJ
fsr-3923	103	12	amendment	amendment	NOUN
fsr-3923	103	13	.	.	PUNCT
fsr-3923	104	1	a	a	DET
fsr-3923	104	2	supermajority	supermajority	NOUN
fsr-3923	104	3	requirement	requirement	NOUN
fsr-3923	104	4	for	for	ADP
fsr-3923	104	5	future	future	ADJ
fsr-3923	104	6	changes	change	NOUN
fsr-3923	104	7	to	to	ADP
fsr-3923	104	8	trustees	trustee	NOUN
fsr-3923	104	9	’	'	PUNCT
fsr-3923	104	10	powers	power	NOUN
fsr-3923	104	11	,	,	PUNCT
fsr-3923	104	12	creates	create	VERB
fsr-3923	104	13	a	a	DET
fsr-3923	104	14	close	close	ADJ
fsr-3923	104	15	approximation	approximation	NOUN
fsr-3923	104	16	to	to	ADP
fsr-3923	104	17	constitutional	constitutional	ADJ
fsr-3923	104	18	protection	protection	NOUN
fsr-3923	104	19	.	.	PUNCT
fsr-3923	105	1	of	of	ADP
fsr-3923	105	2	course	course	NOUN
fsr-3923	105	3	,	,	PUNCT
fsr-3923	105	4	an	an	DET
fsr-3923	105	5	independent	independent	ADJ
fsr-3923	105	6	board	board	NOUN
fsr-3923	105	7	of	of	ADP
fsr-3923	105	8	trustees	trustee	NOUN
fsr-3923	105	9	raises	raise	VERB
fsr-3923	105	10	the	the	DET
fsr-3923	105	11	specter	specter	NOUN
fsr-3923	105	12	of	of	ADP
fsr-3923	105	13	unethical	unethical	ADJ
fsr-3923	105	14	behavior	behavior	NOUN
fsr-3923	105	15	that	that	PRON
fsr-3923	105	16	201k.w	201k.w	PROPN
fsr-3923	105	17	.	.	PUNCT
fsr-3923	105	18	sigrist	sigrist	PROPN
fsr-3923	105	19	,	,	PUNCT
fsr-3923	105	20	s.l	s.l	PROPN
fsr-3923	105	21	.	.	PROPN
fsr-3923	105	22	brown	brown	ADJ
fsr-3923	105	23	/	/	SYM
fsr-3923	105	24	financial	financial	ADJ
fsr-3923	105	25	services	service	NOUN
fsr-3923	105	26	review	review	VERB
fsr-3923	105	27	9	9	NUM
fsr-3923	105	28	(	(	PUNCT
fsr-3923	105	29	2000	2000	NUM
fsr-3923	105	30	)	)	PUNCT
fsr-3923	106	1	197–218	197–218	NUM
fsr-3923	106	2	harms	harm	VERB
fsr-3923	106	3	participants	participant	NOUN
fsr-3923	106	4	and	and	CCONJ
fsr-3923	106	5	taxpayers	taxpayer	NOUN
fsr-3923	106	6	(	(	PUNCT
fsr-3923	106	7	self	self	NOUN
fsr-3923	106	8	-	-	PUNCT
fsr-3923	106	9	dealing	deal	VERB
fsr-3923	106	10	,	,	PUNCT
fsr-3923	106	11	bloated	bloated	ADJ
fsr-3923	106	12	expenses	expense	NOUN
fsr-3923	106	13	etc	etc	X
fsr-3923	106	14	.	.	PUNCT
fsr-3923	106	15	)	)	PUNCT
fsr-3923	106	16	.	.	PUNCT
fsr-3923	107	1	the	the	DET
fsr-3923	107	2	antidote	antidote	NOUN
fsr-3923	107	3	to	to	ADP
fsr-3923	107	4	such	such	ADJ
fsr-3923	107	5	behavior	behavior	NOUN
fsr-3923	107	6	is	be	AUX
fsr-3923	107	7	to	to	PART
fsr-3923	107	8	subject	subject	VERB
fsr-3923	107	9	trustees	trustee	NOUN
fsr-3923	107	10	to	to	PART
fsr-3923	107	11	:	:	PUNCT
fsr-3923	107	12	stringent	stringent	ADJ
fsr-3923	107	13	fiduciary	fiduciary	ADJ
fsr-3923	107	14	duties	duty	NOUN
fsr-3923	107	15	and	and	CCONJ
fsr-3923	107	16	standards	standard	NOUN
fsr-3923	107	17	of	of	ADP
fsr-3923	107	18	care	care	NOUN
fsr-3923	107	19	;	;	PUNCT
fsr-3923	107	20	a	a	DET
fsr-3923	107	21	requirement	requirement	NOUN
fsr-3923	107	22	to	to	PART
fsr-3923	107	23	publish	publish	VERB
fsr-3923	107	24	an	an	DET
fsr-3923	107	25	investment	investment	NOUN
fsr-3923	107	26	policy	policy	NOUN
fsr-3923	107	27	statement	statement	NOUN
fsr-3923	107	28	consistent	consistent	ADJ
fsr-3923	107	29	with	with	ADP
fsr-3923	107	30	those	those	DET
fsr-3923	107	31	duties	duty	NOUN
fsr-3923	107	32	;	;	PUNCT
fsr-3923	107	33	a	a	DET
fsr-3923	107	34	requirement	requirement	NOUN
fsr-3923	107	35	to	to	PART
fsr-3923	107	36	regularly	regularly	ADV
fsr-3923	107	37	report	report	VERB
fsr-3923	107	38	on	on	ADP
fsr-3923	107	39	investment	investment	NOUN
fsr-3923	107	40	performance	performance	NOUN
fsr-3923	107	41	net	net	NOUN
fsr-3923	107	42	of	of	ADP
fsr-3923	107	43	fees	fee	NOUN
fsr-3923	107	44	and	and	CCONJ
fsr-3923	107	45	relative	relative	ADJ
fsr-3923	107	46	to	to	ADP
fsr-3923	107	47	financial	financial	ADJ
fsr-3923	107	48	market	market	NOUN
fsr-3923	107	49	benchmarks	benchmark	NOUN
fsr-3923	107	50	;	;	PUNCT
fsr-3923	107	51	annual	annual	ADJ
fsr-3923	107	52	independent	independent	ADJ
fsr-3923	107	53	audits	audit	NOUN
fsr-3923	107	54	;	;	PUNCT
fsr-3923	107	55	and	and	CCONJ
fsr-3923	107	56	personal	personal	ADJ
fsr-3923	107	57	liability	liability	NOUN
fsr-3923	107	58	for	for	ADP
fsr-3923	107	59	any	any	DET
fsr-3923	107	60	losses	loss	NOUN
fsr-3923	107	61	resulting	result	VERB
fsr-3923	107	62	from	from	ADP
fsr-3923	107	63	the	the	DET
fsr-3923	107	64	breach	breach	NOUN
fsr-3923	107	65	of	of	ADP
fsr-3923	107	66	duties	duty	NOUN
fsr-3923	107	67	,	,	PUNCT
fsr-3923	107	68	with	with	ADP
fsr-3923	107	69	limited	limited	ADJ
fsr-3923	107	70	ability	ability	NOUN
fsr-3923	107	71	to	to	PART
fsr-3923	107	72	shift	shift	VERB
fsr-3923	107	73	fiduciary	fiduciary	ADJ
fsr-3923	107	74	liability	liability	NOUN
fsr-3923	107	75	onto	onto	ADP
fsr-3923	107	76	others	other	NOUN
fsr-3923	107	77	.	.	PUNCT
fsr-3923	108	1	2.3	2.3	NUM
fsr-3923	108	2	.	.	PUNCT
fsr-3923	108	3	mpers	mper	NOUN
fsr-3923	108	4	and	and	CCONJ
fsr-3923	108	5	the	the	DET
fsr-3923	108	6	prudent	prudent	ADJ
fsr-3923	108	7	expert	expert	NOUN
fsr-3923	108	8	rule	rule	VERB
fsr-3923	108	9	the	the	DET
fsr-3923	108	10	one	one	NUM
fsr-3923	108	11	major	major	ADJ
fsr-3923	108	12	shortcoming	shortcoming	NOUN
fsr-3923	108	13	of	of	ADP
fsr-3923	108	14	mpers	mper	NOUN
fsr-3923	108	15	is	be	AUX
fsr-3923	108	16	its	its	PRON
fsr-3923	108	17	incorporation	incorporation	NOUN
fsr-3923	108	18	of	of	ADP
fsr-3923	108	19	a	a	DET
fsr-3923	108	20	prudent	prudent	ADJ
fsr-3923	108	21	person	person	NOUN
fsr-3923	108	22	standard	standard	NOUN
fsr-3923	108	23	of	of	ADP
fsr-3923	108	24	care	care	NOUN
fsr-3923	108	25	rather	rather	ADV
fsr-3923	108	26	than	than	ADP
fsr-3923	108	27	the	the	DET
fsr-3923	108	28	more	more	ADV
fsr-3923	108	29	stringent	stringent	ADJ
fsr-3923	108	30	prudent	prudent	ADJ
fsr-3923	108	31	expert	expert	NOUN
fsr-3923	108	32	standard	standard	NOUN
fsr-3923	108	33	embodied	embody	VERB
fsr-3923	108	34	in	in	ADP
fsr-3923	108	35	erisa	erisa	NOUN
fsr-3923	108	36	and	and	CCONJ
fsr-3923	108	37	common	common	ADJ
fsr-3923	108	38	law	law	NOUN
fsr-3923	108	39	.	.	PUNCT
fsr-3923	109	1	the	the	DET
fsr-3923	109	2	prudent	prudent	ADJ
fsr-3923	109	3	expert	expert	PROPN
fsr-3923	109	4	standard	standard	NOUN
fsr-3923	109	5	requires	require	VERB
fsr-3923	109	6	that	that	SCONJ
fsr-3923	109	7	the	the	DET
fsr-3923	109	8	retirement	retirement	NOUN
fsr-3923	109	9	program	program	NOUN
fsr-3923	109	10	’s	’s	PART
fsr-3923	109	11	assets	asset	NOUN
fsr-3923	109	12	are	be	AUX
fsr-3923	109	13	invested	invest	VERB
fsr-3923	109	14	,	,	PUNCT
fsr-3923	109	15	on	on	ADP
fsr-3923	109	16	behalf	behalf	NOUN
fsr-3923	109	17	of	of	ADP
fsr-3923	109	18	the	the	DET
fsr-3923	109	19	participants	participant	NOUN
fsr-3923	109	20	,	,	PUNCT
fsr-3923	109	21	with	with	ADP
fsr-3923	109	22	the	the	DET
fsr-3923	109	23	care	care	NOUN
fsr-3923	109	24	,	,	PUNCT
fsr-3923	109	25	skill	skill	NOUN
fsr-3923	109	26	,	,	PUNCT
fsr-3923	109	27	and	and	CCONJ
fsr-3923	109	28	diligence	diligence	NOUN
fsr-3923	109	29	that	that	SCONJ
fsr-3923	109	30	a	a	DET
fsr-3923	109	31	prudent	prudent	ADJ
fsr-3923	109	32	investor	investor	NOUN
fsr-3923	109	33	acting	act	VERB
fsr-3923	109	34	in	in	ADP
fsr-3923	109	35	a	a	DET
fsr-3923	109	36	like	like	ADJ
fsr-3923	109	37	manner	manner	NOUN
fsr-3923	109	38	would	would	AUX
fsr-3923	109	39	undertake	undertake	VERB
fsr-3923	109	40	.	.	PUNCT
fsr-3923	110	1	under	under	ADP
fsr-3923	110	2	this	this	DET
fsr-3923	110	3	standard	standard	NOUN
fsr-3923	110	4	,	,	PUNCT
fsr-3923	110	5	if	if	SCONJ
fsr-3923	110	6	a	a	DET
fsr-3923	110	7	fiduciary	fiduciary	NOUN
fsr-3923	110	8	is	be	AUX
fsr-3923	110	9	not	not	PART
fsr-3923	110	10	an	an	DET
fsr-3923	110	11	expert	expert	NOUN
fsr-3923	110	12	,	,	PUNCT
fsr-3923	110	13	they	they	PRON
fsr-3923	110	14	have	have	VERB
fsr-3923	110	15	an	an	DET
fsr-3923	110	16	obligation	obligation	NOUN
fsr-3923	110	17	to	to	PART
fsr-3923	110	18	obtain	obtain	VERB
fsr-3923	110	19	expert	expert	NOUN
fsr-3923	110	20	advice	advice	NOUN
fsr-3923	110	21	.	.	PUNCT
fsr-3923	111	1	the	the	DET
fsr-3923	111	2	official	official	ADJ
fsr-3923	111	3	mpers	mper	NOUN
fsr-3923	111	4	commentary	commentary	NOUN
fsr-3923	111	5	explains	explain	VERB
fsr-3923	111	6	that	that	SCONJ
fsr-3923	111	7	the	the	DET
fsr-3923	111	8	prudent	prudent	ADJ
fsr-3923	111	9	expert	expert	NOUN
fsr-3923	111	10	standard	standard	NOUN
fsr-3923	111	11	is	be	AUX
fsr-3923	111	12	too	too	ADV
fsr-3923	111	13	exacting	exact	VERB
fsr-3923	111	14	given	give	VERB
fsr-3923	111	15	the	the	DET
fsr-3923	111	16	diversity	diversity	NOUN
fsr-3923	111	17	among	among	ADP
fsr-3923	111	18	existing	exist	VERB
fsr-3923	111	19	public	public	ADJ
fsr-3923	111	20	retirement	retirement	NOUN
fsr-3923	111	21	systems	system	NOUN
fsr-3923	111	22	.	.	PUNCT
fsr-3923	112	1	in	in	ADP
fsr-3923	112	2	other	other	ADJ
fsr-3923	112	3	words	word	NOUN
fsr-3923	112	4	,	,	PUNCT
fsr-3923	112	5	a	a	DET
fsr-3923	112	6	lower	low	ADJ
fsr-3923	112	7	standard	standard	NOUN
fsr-3923	112	8	is	be	AUX
fsr-3923	112	9	a	a	DET
fsr-3923	112	10	legacy	legacy	NOUN
fsr-3923	112	11	of	of	ADP
fsr-3923	112	12	existing	exist	VERB
fsr-3923	112	13	public	public	ADJ
fsr-3923	112	14	sector	sector	NOUN
fsr-3923	112	15	plans	plan	NOUN
fsr-3923	112	16	that	that	PRON
fsr-3923	112	17	evolved	evolve	VERB
fsr-3923	112	18	without	without	ADP
fsr-3923	112	19	erisa	erisa	NOUN
fsr-3923	112	20	standards	standard	NOUN
fsr-3923	112	21	.	.	PUNCT
fsr-3923	113	1	invoking	invoke	VERB
fsr-3923	113	2	the	the	DET
fsr-3923	113	3	lesser	less	ADJ
fsr-3923	113	4	prudent	prudent	ADJ
fsr-3923	113	5	man	man	NOUN
fsr-3923	113	6	standard	standard	NOUN
fsr-3923	113	7	favors	favor	VERB
fsr-3923	113	8	trustees	trustee	NOUN
fsr-3923	113	9	at	at	ADP
fsr-3923	113	10	the	the	DET
fsr-3923	113	11	expense	expense	NOUN
fsr-3923	113	12	of	of	ADP
fsr-3923	113	13	participants	participant	NOUN
fsr-3923	113	14	because	because	SCONJ
fsr-3923	113	15	trustee	trustee	NOUN
fsr-3923	113	16	’s	’s	PART
fsr-3923	113	17	actions	action	NOUN
fsr-3923	113	18	are	be	AUX
fsr-3923	113	19	judged	judge	VERB
fsr-3923	113	20	on	on	ADP
fsr-3923	113	21	the	the	DET
fsr-3923	113	22	basis	basis	NOUN
fsr-3923	113	23	of	of	ADP
fsr-3923	113	24	how	how	SCONJ
fsr-3923	113	25	trustees	trustee	NOUN
fsr-3923	113	26	in	in	ADP
fsr-3923	113	27	other	other	ADJ
fsr-3923	113	28	public	public	ADJ
fsr-3923	113	29	plans	plan	NOUN
fsr-3923	113	30	have	have	AUX
fsr-3923	113	31	behaved	behave	VERB
fsr-3923	113	32	.	.	PUNCT
fsr-3923	114	1	such	such	ADJ
fsr-3923	114	2	behavior	behavior	NOUN
fsr-3923	114	3	may	may	AUX
fsr-3923	114	4	not	not	PART
fsr-3923	114	5	be	be	AUX
fsr-3923	114	6	exemplary	exemplary	ADJ
fsr-3923	114	7	.	.	PUNCT
fsr-3923	115	1	the	the	DET
fsr-3923	115	2	prudent	prudent	ADJ
fsr-3923	115	3	expert	expert	PROPN
fsr-3923	115	4	standard	standard	NOUN
fsr-3923	115	5	applies	apply	VERB
fsr-3923	115	6	to	to	ADP
fsr-3923	115	7	corporate	corporate	ADJ
fsr-3923	115	8	retirement	retirement	NOUN
fsr-3923	115	9	plans	plan	NOUN
fsr-3923	115	10	under	under	ADP
fsr-3923	115	11	erisa	erisa	NOUN
fsr-3923	115	12	and	and	CCONJ
fsr-3923	115	13	private	private	ADJ
fsr-3923	115	14	trusts	trust	NOUN
fsr-3923	115	15	under	under	ADP
fsr-3923	115	16	the	the	DET
fsr-3923	115	17	common	common	ADJ
fsr-3923	115	18	law	law	NOUN
fsr-3923	115	19	.	.	PUNCT
fsr-3923	116	1	there	there	PRON
fsr-3923	116	2	does	do	AUX
fsr-3923	116	3	not	not	PART
fsr-3923	116	4	appear	appear	VERB
fsr-3923	116	5	to	to	PART
fsr-3923	116	6	be	be	AUX
fsr-3923	116	7	a	a	DET
fsr-3923	116	8	compelling	compelling	ADJ
fsr-3923	116	9	argument	argument	NOUN
fsr-3923	116	10	for	for	ADP
fsr-3923	116	11	a	a	DET
fsr-3923	116	12	weaker	weak	ADJ
fsr-3923	116	13	standard	standard	NOUN
fsr-3923	116	14	for	for	ADP
fsr-3923	116	15	public	public	ADJ
fsr-3923	116	16	sector	sector	NOUN
fsr-3923	116	17	plan	plan	NOUN
fsr-3923	116	18	participants	participant	NOUN
fsr-3923	116	19	.	.	PUNCT
fsr-3923	117	1	2.4	2.4	NUM
fsr-3923	117	2	.	.	PUNCT
fsr-3923	117	3	requirements	requirement	NOUN
fsr-3923	117	4	for	for	ADP
fsr-3923	117	5	trustees	trustee	NOUN
fsr-3923	117	6	under	under	ADP
fsr-3923	117	7	mpers	mper	NOUN
fsr-3923	117	8	mpers	mper	NOUN
fsr-3923	117	9	requires	require	VERB
fsr-3923	117	10	that	that	SCONJ
fsr-3923	117	11	trustees	trustee	NOUN
fsr-3923	117	12	must	must	AUX
fsr-3923	117	13	discharge	discharge	VERB
fsr-3923	117	14	their	their	PRON
fsr-3923	117	15	duties	duty	NOUN
fsr-3923	117	16	for	for	ADP
fsr-3923	117	17	the	the	DET
fsr-3923	117	18	sole	sole	ADJ
fsr-3923	117	19	interest	interest	NOUN
fsr-3923	117	20	and	and	CCONJ
fsr-3923	117	21	exclusive	exclusive	ADJ
fsr-3923	117	22	purpose	purpose	NOUN
fsr-3923	117	23	of	of	ADP
fsr-3923	117	24	providing	provide	VERB
fsr-3923	117	25	benefits	benefit	NOUN
fsr-3923	117	26	to	to	PART
fsr-3923	117	27	plan	plan	VERB
fsr-3923	117	28	participants	participant	NOUN
fsr-3923	117	29	and	and	CCONJ
fsr-3923	117	30	beneficiaries	beneficiary	NOUN
fsr-3923	117	31	and	and	CCONJ
fsr-3923	117	32	defraying	defray	VERB
fsr-3923	117	33	reasonable	reasonable	ADJ
fsr-3923	117	34	expenses	expense	NOUN
fsr-3923	117	35	of	of	ADP
fsr-3923	117	36	administering	administer	VERB
fsr-3923	117	37	the	the	DET
fsr-3923	117	38	plan	plan	NOUN
fsr-3923	117	39	.	.	PUNCT
fsr-3923	118	1	trustees	trustee	NOUN
fsr-3923	118	2	must	must	AUX
fsr-3923	118	3	also	also	ADV
fsr-3923	118	4	discharge	discharge	VERB
fsr-3923	118	5	their	their	PRON
fsr-3923	118	6	duties	duty	NOUN
fsr-3923	118	7	by	by	ADP
fsr-3923	118	8	impartially	impartially	ADV
fsr-3923	118	9	taking	take	VERB
fsr-3923	118	10	into	into	ADP
fsr-3923	118	11	account	account	NOUN
fsr-3923	118	12	any	any	DET
fsr-3923	118	13	differing	differ	VERB
fsr-3923	118	14	interests	interest	NOUN
fsr-3923	118	15	of	of	ADP
fsr-3923	118	16	participants	participant	NOUN
fsr-3923	118	17	and	and	CCONJ
fsr-3923	118	18	beneficiaries	beneficiary	NOUN
fsr-3923	118	19	,	,	PUNCT
fsr-3923	118	20	by	by	ADP
fsr-3923	118	21	incurring	incur	VERB
fsr-3923	118	22	only	only	ADJ
fsr-3923	118	23	costs	cost	NOUN
fsr-3923	118	24	that	that	PRON
fsr-3923	118	25	are	be	AUX
fsr-3923	118	26	appropriate	appropriate	ADJ
fsr-3923	118	27	and	and	CCONJ
fsr-3923	118	28	reasonable	reasonable	ADJ
fsr-3923	118	29	and	and	CCONJ
fsr-3923	118	30	in	in	ADP
fsr-3923	118	31	accordance	accordance	NOUN
fsr-3923	118	32	with	with	ADP
fsr-3923	118	33	a	a	DET
fsr-3923	118	34	good	good	ADJ
fsr-3923	118	35	faith	faith	NOUN
fsr-3923	118	36	interpretation	interpretation	NOUN
fsr-3923	118	37	of	of	ADP
fsr-3923	118	38	the	the	DET
fsr-3923	118	39	laws	law	NOUN
fsr-3923	118	40	governing	govern	VERB
fsr-3923	118	41	the	the	DET
fsr-3923	118	42	program	program	NOUN
fsr-3923	118	43	.	.	PUNCT
fsr-3923	119	1	fiduciaries	fiduciary	NOUN
fsr-3923	119	2	responsible	responsible	ADJ
fsr-3923	119	3	for	for	ADP
fsr-3923	119	4	the	the	DET
fsr-3923	119	5	investment	investment	NOUN
fsr-3923	119	6	or	or	CCONJ
fsr-3923	119	7	management	management	NOUN
fsr-3923	119	8	of	of	ADP
fsr-3923	119	9	retirement	retirement	NOUN
fsr-3923	119	10	assets	asset	NOUN
fsr-3923	119	11	are	be	AUX
fsr-3923	119	12	further	far	ADV
fsr-3923	119	13	required	require	VERB
fsr-3923	119	14	to	to	PART
fsr-3923	119	15	:	:	PUNCT
fsr-3923	119	16	“	"	PUNCT
fsr-3923	119	17	consider	consider	VERB
fsr-3923	119	18	a	a	DET
fsr-3923	119	19	broad	broad	ADJ
fsr-3923	119	20	range	range	NOUN
fsr-3923	119	21	of	of	ADP
fsr-3923	119	22	economic	economic	ADJ
fsr-3923	119	23	and	and	CCONJ
fsr-3923	119	24	financial	financial	ADJ
fsr-3923	119	25	circumstances	circumstance	NOUN
fsr-3923	119	26	in	in	ADP
fsr-3923	119	27	establishing	establish	VERB
fsr-3923	119	28	investment	investment	NOUN
fsr-3923	119	29	strategies	strategy	NOUN
fsr-3923	119	30	,	,	PUNCT
fsr-3923	119	31	to	to	PART
fsr-3923	119	32	diversify	diversify	VERB
fsr-3923	119	33	investments	investment	NOUN
fsr-3923	119	34	,	,	PUNCT
fsr-3923	119	35	to	to	PART
fsr-3923	119	36	make	make	VERB
fsr-3923	119	37	a	a	DET
fsr-3923	119	38	reasonable	reasonable	ADJ
fsr-3923	119	39	effort	effort	NOUN
fsr-3923	119	40	to	to	PART
fsr-3923	119	41	verify	verify	VERB
fsr-3923	119	42	facts	fact	NOUN
fsr-3923	119	43	relevant	relevant	ADJ
fsr-3923	119	44	to	to	ADP
fsr-3923	119	45	the	the	DET
fsr-3923	119	46	investment	investment	NOUN
fsr-3923	119	47	program	program	NOUN
fsr-3923	119	48	,	,	PUNCT
fsr-3923	119	49	and	and	CCONJ
fsr-3923	119	50	may	may	AUX
fsr-3923	119	51	consider	consider	VERB
fsr-3923	119	52	the	the	DET
fsr-3923	119	53	benefits	benefit	NOUN
fsr-3923	119	54	created	create	VERB
fsr-3923	119	55	by	by	ADP
fsr-3923	119	56	an	an	DET
fsr-3923	119	57	investment	investment	NOUN
fsr-3923	119	58	in	in	ADP
fsr-3923	119	59	addition	addition	NOUN
fsr-3923	119	60	to	to	ADP
fsr-3923	119	61	investment	investment	NOUN
fsr-3923	119	62	return	return	NOUN
fsr-3923	119	63	only	only	ADV
fsr-3923	119	64	if	if	SCONJ
fsr-3923	119	65	the	the	DET
fsr-3923	119	66	trustee	trustee	NOUN
fsr-3923	119	67	determines	determine	VERB
fsr-3923	119	68	the	the	DET
fsr-3923	119	69	investment	investment	NOUN
fsr-3923	119	70	was	be	AUX
fsr-3923	119	71	prudent	prudent	ADJ
fsr-3923	119	72	even	even	ADV
fsr-3923	119	73	without	without	ADP
fsr-3923	119	74	the	the	DET
fsr-3923	119	75	collateral	collateral	ADJ
fsr-3923	119	76	benefits	benefit	NOUN
fsr-3923	119	77	.	.	PUNCT
fsr-3923	119	78	”	"	PUNCT
fsr-3923	120	1	collateral	collateral	ADJ
fsr-3923	120	2	benefits	benefit	NOUN
fsr-3923	120	3	refer	refer	VERB
fsr-3923	120	4	to	to	ADP
fsr-3923	120	5	social	social	ADJ
fsr-3923	120	6	investing	investing	NOUN
fsr-3923	120	7	,	,	PUNCT
fsr-3923	120	8	economically	economically	ADV
fsr-3923	120	9	targeted	target	VERB
fsr-3923	120	10	investing	investing	NOUN
fsr-3923	120	11	and	and	CCONJ
fsr-3923	120	12	so	so	ADV
fsr-3923	120	13	forth	forth	ADV
fsr-3923	120	14	mpers	mper	NOUN
fsr-3923	120	15	confers	confer	NOUN
fsr-3923	120	16	an	an	DET
fsr-3923	120	17	affirmative	affirmative	ADJ
fsr-3923	120	18	duty	duty	NOUN
fsr-3923	120	19	for	for	SCONJ
fsr-3923	120	20	fiduciaries	fiduciary	NOUN
fsr-3923	120	21	to	to	PART
fsr-3923	120	22	adopt	adopt	VERB
fsr-3923	120	23	a	a	DET
fsr-3923	120	24	detailed	detailed	ADJ
fsr-3923	120	25	investment	investment	NOUN
fsr-3923	120	26	policy	policy	NOUN
fsr-3923	120	27	statement	statement	NOUN
fsr-3923	120	28	that	that	PRON
fsr-3923	120	29	incorporates	incorporate	VERB
fsr-3923	120	30	the	the	DET
fsr-3923	120	31	investment	investment	NOUN
fsr-3923	120	32	objectives	objective	NOUN
fsr-3923	120	33	,	,	PUNCT
fsr-3923	120	34	the	the	DET
fsr-3923	120	35	desired	desire	VERB
fsr-3923	120	36	rates	rate	NOUN
fsr-3923	120	37	of	of	ADP
fsr-3923	120	38	return	return	NOUN
fsr-3923	120	39	and	and	CCONJ
fsr-3923	120	40	acceptable	acceptable	ADJ
fsr-3923	120	41	levels	level	NOUN
fsr-3923	120	42	of	of	ADP
fsr-3923	120	43	risk	risk	NOUN
fsr-3923	120	44	for	for	ADP
fsr-3923	120	45	each	each	DET
fsr-3923	120	46	asset	asset	NOUN
fsr-3923	120	47	class	class	NOUN
fsr-3923	120	48	,	,	PUNCT
fsr-3923	120	49	guidelines	guideline	NOUN
fsr-3923	120	50	for	for	ADP
fsr-3923	120	51	the	the	DET
fsr-3923	120	52	delegation	delegation	NOUN
fsr-3923	120	53	of	of	ADP
fsr-3923	120	54	authority	authority	NOUN
fsr-3923	120	55	and	and	CCONJ
fsr-3923	120	56	information	information	NOUN
fsr-3923	120	57	on	on	ADP
fsr-3923	120	58	the	the	DET
fsr-3923	120	59	types	type	NOUN
fsr-3923	120	60	of	of	ADP
fsr-3923	120	61	reports	report	NOUN
fsr-3923	120	62	to	to	PART
fsr-3923	120	63	be	be	AUX
fsr-3923	120	64	used	use	VERB
fsr-3923	120	65	to	to	PART
fsr-3923	120	66	evaluate	evaluate	VERB
fsr-3923	120	67	investment	investment	NOUN
fsr-3923	120	68	performance	performance	NOUN
fsr-3923	120	69	.	.	PUNCT
fsr-3923	121	1	mpers	mper	NOUN
fsr-3923	121	2	202	202	NUM
fsr-3923	121	3	k.w	k.w	PROPN
fsr-3923	121	4	.	.	PROPN
fsr-3923	121	5	sigrist	sigrist	PROPN
fsr-3923	121	6	,	,	PUNCT
fsr-3923	121	7	s.l	s.l	PROPN
fsr-3923	121	8	.	.	PROPN
fsr-3923	121	9	brown	brown	ADJ
fsr-3923	121	10	/	/	SYM
fsr-3923	121	11	financial	financial	ADJ
fsr-3923	121	12	services	service	NOUN
fsr-3923	121	13	review	review	VERB
fsr-3923	121	14	9	9	NUM
fsr-3923	121	15	(	(	PUNCT
fsr-3923	121	16	2000	2000	NUM
fsr-3923	121	17	)	)	PUNCT
fsr-3923	122	1	197–218	197–218	NUM
fsr-3923	122	2	requirements	requirement	NOUN
fsr-3923	122	3	comport	comport	VERB
fsr-3923	122	4	reasonably	reasonably	ADV
fsr-3923	122	5	well	well	ADV
fsr-3923	122	6	with	with	ADP
fsr-3923	122	7	current	current	ADJ
fsr-3923	122	8	corporate	corporate	ADJ
fsr-3923	122	9	practice	practice	NOUN
fsr-3923	122	10	.	.	PUNCT
fsr-3923	123	1	table	table	NOUN
fsr-3923	123	2	1	1	NUM
fsr-3923	123	3	indicates	indicate	VERB
fsr-3923	123	4	the	the	DET
fsr-3923	123	5	subject	subject	NOUN
fsr-3923	123	6	areas	area	NOUN
fsr-3923	123	7	contained	contain	VERB
fsr-3923	123	8	in	in	ADP
fsr-3923	123	9	the	the	DET
fsr-3923	123	10	investment	investment	NOUN
fsr-3923	123	11	policy	policy	NOUN
fsr-3923	123	12	statements	statement	NOUN
fsr-3923	123	13	of	of	ADP
fsr-3923	123	14	a	a	DET
fsr-3923	123	15	sample	sample	NOUN
fsr-3923	123	16	of	of	ADP
fsr-3923	123	17	250	250	NUM
fsr-3923	123	18	corporate	corporate	ADJ
fsr-3923	123	19	401(k	401(k	NOUN
fsr-3923	123	20	)	)	PUNCT
fsr-3923	123	21	dc	dc	PROPN
fsr-3923	123	22	programs	program	NOUN
fsr-3923	123	23	(	(	PUNCT
fsr-3923	123	24	barra	barra	ADP
fsr-3923	123	25	rogerscasey	rogerscasey	ADJ
fsr-3923	123	26	/	/	SYM
fsr-3923	123	27	ioma	ioma	ADJ
fsr-3923	123	28	,	,	PUNCT
fsr-3923	123	29	1999	1999	NUM
fsr-3923	123	30	)	)	PUNCT
fsr-3923	123	31	.	.	PUNCT
fsr-3923	124	1	this	this	DET
fsr-3923	124	2	source	source	NOUN
fsr-3923	124	3	indicates	indicate	VERB
fsr-3923	124	4	that	that	SCONJ
fsr-3923	124	5	about	about	ADV
fsr-3923	124	6	one	one	NUM
fsr-3923	124	7	-	-	PUNCT
fsr-3923	124	8	half	half	NOUN
fsr-3923	124	9	of	of	ADP
fsr-3923	124	10	corporate	corporate	ADJ
fsr-3923	124	11	401(k	401(k	NOUN
fsr-3923	124	12	)	)	PUNCT
fsr-3923	124	13	programs	program	NOUN
fsr-3923	124	14	have	have	AUX
fsr-3923	124	15	formally	formally	ADV
fsr-3923	124	16	adopted	adopt	VERB
fsr-3923	124	17	investment	investment	NOUN
fsr-3923	124	18	policy	policy	NOUN
fsr-3923	124	19	statements	statement	NOUN
fsr-3923	124	20	,	,	PUNCT
fsr-3923	124	21	although	although	SCONJ
fsr-3923	124	22	chambers	chamber	NOUN
fsr-3923	124	23	(	(	PUNCT
fsr-3923	124	24	1999	1999	NUM
fsr-3923	124	25	)	)	PUNCT
fsr-3923	124	26	notes	note	VERB
fsr-3923	124	27	that	that	SCONJ
fsr-3923	124	28	there	there	PRON
fsr-3923	124	29	is	be	VERB
fsr-3923	124	30	no	no	DET
fsr-3923	124	31	requirement	requirement	NOUN
fsr-3923	124	32	under	under	ADP
fsr-3923	124	33	erisa	erisa	NOUN
fsr-3923	124	34	to	to	PART
fsr-3923	124	35	have	have	VERB
fsr-3923	124	36	an	an	DET
fsr-3923	124	37	investment	investment	NOUN
fsr-3923	124	38	policy	policy	NOUN
fsr-3923	124	39	statement	statement	NOUN
fsr-3923	124	40	.	.	PUNCT
fsr-3923	125	1	dc	dc	PROPN
fsr-3923	125	2	programs	program	NOUN
fsr-3923	125	3	are	be	AUX
fsr-3923	125	4	intended	intend	VERB
fsr-3923	125	5	to	to	PART
fsr-3923	125	6	be	be	AUX
fsr-3923	125	7	participant	participant	ADV
fsr-3923	125	8	-	-	PUNCT
fsr-3923	125	9	directed	direct	VERB
fsr-3923	125	10	where	where	SCONJ
fsr-3923	125	11	participants	participant	NOUN
fsr-3923	125	12	bear	bear	VERB
fsr-3923	125	13	the	the	DET
fsr-3923	125	14	risks	risk	NOUN
fsr-3923	125	15	of	of	ADP
fsr-3923	125	16	their	their	PRON
fsr-3923	125	17	investment	investment	NOUN
fsr-3923	125	18	decisions	decision	NOUN
fsr-3923	125	19	.	.	PUNCT
fsr-3923	126	1	therefore	therefore	ADV
fsr-3923	126	2	,	,	PUNCT
fsr-3923	126	3	mpers	mper	NOUN
fsr-3923	126	4	effectively	effectively	ADV
fsr-3923	126	5	incorporates	incorporate	VERB
fsr-3923	126	6	section	section	NOUN
fsr-3923	126	7	404(c	404(c	PROPN
fsr-3923	126	8	)	)	PUNCT
fsr-3923	126	9	of	of	ADP
fsr-3923	126	10	erisa	erisa	NOUN
fsr-3923	126	11	:	:	PUNCT
fsr-3923	126	12	if	if	SCONJ
fsr-3923	126	13	a	a	DET
fsr-3923	126	14	participant	participant	NOUN
fsr-3923	126	15	exercises	exercise	VERB
fsr-3923	126	16	control	control	VERB
fsr-3923	126	17	over	over	ADP
fsr-3923	126	18	the	the	DET
fsr-3923	126	19	assets	asset	NOUN
fsr-3923	126	20	in	in	ADP
fsr-3923	126	21	their	their	PRON
fsr-3923	126	22	account	account	NOUN
fsr-3923	126	23	,	,	PUNCT
fsr-3923	126	24	no	no	DET
fsr-3923	126	25	program	program	NOUN
fsr-3923	126	26	fiduciary	fiduciary	NOUN
fsr-3923	126	27	is	be	AUX
fsr-3923	126	28	liable	liable	ADJ
fsr-3923	126	29	for	for	ADP
fsr-3923	126	30	any	any	DET
fsr-3923	126	31	loss	loss	NOUN
fsr-3923	126	32	to	to	ADP
fsr-3923	126	33	a	a	DET
fsr-3923	126	34	participant	participant	NOUN
fsr-3923	126	35	’s	’s	PART
fsr-3923	126	36	account	account	NOUN
fsr-3923	126	37	which	which	PRON
fsr-3923	126	38	results	result	VERB
fsr-3923	126	39	from	from	ADP
fsr-3923	126	40	such	such	ADJ
fsr-3923	126	41	participant	participant	NOUN
fsr-3923	126	42	’s	’s	PART
fsr-3923	126	43	exercise	exercise	NOUN
fsr-3923	126	44	of	of	ADP
fsr-3923	126	45	control	control	NOUN
fsr-3923	126	46	.	.	PUNCT
fsr-3923	127	1	to	to	PART
fsr-3923	127	2	obtain	obtain	VERB
fsr-3923	127	3	this	this	DET
fsr-3923	127	4	protection	protection	NOUN
fsr-3923	127	5	for	for	ADP
fsr-3923	127	6	program	program	NOUN
fsr-3923	127	7	fiduciaries	fiduciary	NOUN
fsr-3923	127	8	,	,	PUNCT
fsr-3923	127	9	participants	participant	NOUN
fsr-3923	127	10	must	must	AUX
fsr-3923	127	11	be	be	AUX
fsr-3923	127	12	given	give	VERB
fsr-3923	127	13	meaningful	meaningful	ADJ
fsr-3923	127	14	,	,	PUNCT
fsr-3923	127	15	independent	independent	ADJ
fsr-3923	127	16	control	control	NOUN
fsr-3923	127	17	over	over	ADP
fsr-3923	127	18	the	the	DET
fsr-3923	127	19	assets	asset	NOUN
fsr-3923	127	20	in	in	ADP
fsr-3923	127	21	their	their	PRON
fsr-3923	127	22	account	account	NOUN
fsr-3923	127	23	with	with	ADP
fsr-3923	127	24	the	the	DET
fsr-3923	127	25	opportunity	opportunity	NOUN
fsr-3923	127	26	to	to	PART
fsr-3923	127	27	:	:	PUNCT
fsr-3923	127	28	choose	choose	VERB
fsr-3923	127	29	from	from	ADP
fsr-3923	127	30	a	a	DET
fsr-3923	127	31	broad	broad	ADJ
fsr-3923	127	32	range	range	NOUN
fsr-3923	127	33	of	of	ADP
fsr-3923	127	34	investment	investment	NOUN
fsr-3923	127	35	alternatives	alternative	NOUN
fsr-3923	127	36	that	that	PRON
fsr-3923	127	37	allow	allow	VERB
fsr-3923	127	38	diversification	diversification	NOUN
fsr-3923	127	39	within	within	ADP
fsr-3923	127	40	and	and	CCONJ
fsr-3923	127	41	among	among	ADP
fsr-3923	127	42	such	such	ADJ
fsr-3923	127	43	alternatives	alternative	NOUN
fsr-3923	127	44	;	;	PUNCT
fsr-3923	127	45	give	give	VERB
fsr-3923	127	46	investment	investment	NOUN
fsr-3923	127	47	instructions	instruction	NOUN
fsr-3923	127	48	with	with	ADP
fsr-3923	127	49	a	a	DET
fsr-3923	127	50	frequency	frequency	NOUN
fsr-3923	127	51	that	that	PRON
fsr-3923	127	52	is	be	AUX
fsr-3923	127	53	appropriate	appropriate	ADJ
fsr-3923	127	54	in	in	ADP
fsr-3923	127	55	light	light	NOUN
fsr-3923	127	56	of	of	ADP
fsr-3923	127	57	the	the	DET
fsr-3923	127	58	market	market	NOUN
fsr-3923	127	59	volatility	volatility	NOUN
fsr-3923	127	60	of	of	ADP
fsr-3923	127	61	the	the	DET
fsr-3923	127	62	investment	investment	NOUN
fsr-3923	127	63	alternatives	alternative	NOUN
fsr-3923	127	64	;	;	PUNCT
fsr-3923	127	65	and	and	CCONJ
fsr-3923	127	66	obtain	obtain	VERB
fsr-3923	127	67	sufficient	sufficient	ADJ
fsr-3923	127	68	information	information	NOUN
fsr-3923	127	69	to	to	PART
fsr-3923	127	70	make	make	VERB
fsr-3923	127	71	informed	informed	ADJ
fsr-3923	127	72	investment	investment	NOUN
fsr-3923	127	73	decisions	decision	NOUN
fsr-3923	127	74	.	.	PUNCT
fsr-3923	128	1	the	the	DET
fsr-3923	128	2	incorporation	incorporation	NOUN
fsr-3923	128	3	of	of	ADP
fsr-3923	128	4	erisa	erisa	NOUN
fsr-3923	128	5	404(c	404(c	PROPN
fsr-3923	128	6	)	)	PUNCT
fsr-3923	128	7	is	be	AUX
fsr-3923	128	8	an	an	DET
fsr-3923	128	9	important	important	ADJ
fsr-3923	128	10	legal	legal	ADJ
fsr-3923	128	11	foundation	foundation	NOUN
fsr-3923	128	12	in	in	ADP
fsr-3923	128	13	the	the	DET
fsr-3923	128	14	design	design	NOUN
fsr-3923	128	15	of	of	ADP
fsr-3923	128	16	a	a	DET
fsr-3923	128	17	public	public	ADJ
fsr-3923	128	18	sector	sector	NOUN
fsr-3923	128	19	dc	dc	PROPN
fsr-3923	128	20	plan	plan	NOUN
fsr-3923	128	21	.	.	PUNCT
fsr-3923	129	1	in	in	ADP
fsr-3923	129	2	order	order	NOUN
fsr-3923	129	3	to	to	PART
fsr-3923	129	4	obtain	obtain	VERB
fsr-3923	129	5	404(c	404(c	PROPN
fsr-3923	129	6	)	)	PUNCT
fsr-3923	129	7	protection	protection	NOUN
fsr-3923	129	8	,	,	PUNCT
fsr-3923	129	9	program	program	NOUN
fsr-3923	129	10	fiduciaries	fiduciary	NOUN
fsr-3923	129	11	must	must	AUX
fsr-3923	129	12	establish	establish	VERB
fsr-3923	129	13	a	a	DET
fsr-3923	129	14	program	program	NOUN
fsr-3923	129	15	with	with	ADP
fsr-3923	129	16	investment	investment	NOUN
fsr-3923	129	17	,	,	PUNCT
fsr-3923	129	18	administrative	administrative	ADJ
fsr-3923	129	19	and	and	CCONJ
fsr-3923	129	20	educational	educational	ADJ
fsr-3923	129	21	features	feature	NOUN
fsr-3923	129	22	that	that	PRON
fsr-3923	129	23	meet	meet	VERB
fsr-3923	129	24	minimum	minimum	ADJ
fsr-3923	129	25	standards	standard	NOUN
fsr-3923	129	26	.	.	PUNCT
fsr-3923	130	1	however	however	ADV
fsr-3923	130	2	,	,	PUNCT
fsr-3923	130	3	the	the	DET
fsr-3923	130	4	fact	fact	NOUN
fsr-3923	130	5	that	that	SCONJ
fsr-3923	130	6	participants	participant	NOUN
fsr-3923	130	7	are	be	AUX
fsr-3923	130	8	in	in	ADP
fsr-3923	130	9	control	control	NOUN
fsr-3923	130	10	of	of	ADP
fsr-3923	130	11	certain	certain	ADJ
fsr-3923	130	12	investment	investment	NOUN
fsr-3923	130	13	decisions	decision	NOUN
fsr-3923	130	14	does	do	AUX
fsr-3923	130	15	not	not	PART
fsr-3923	130	16	relieve	relieve	VERB
fsr-3923	130	17	trustees	trustee	NOUN
fsr-3923	130	18	of	of	ADP
fsr-3923	130	19	the	the	DET
fsr-3923	130	20	duty	duty	NOUN
fsr-3923	130	21	to	to	PART
fsr-3923	130	22	provide	provide	VERB
fsr-3923	130	23	an	an	DET
fsr-3923	130	24	appropriate	appropriate	ADJ
fsr-3923	130	25	design	design	NOUN
fsr-3923	130	26	and	and	CCONJ
fsr-3923	130	27	conduct	conduct	VERB
fsr-3923	130	28	on	on	ADP
fsr-3923	130	29	-	-	PUNCT
fsr-3923	130	30	going	go	VERB
fsr-3923	130	31	monitoring	monitoring	NOUN
fsr-3923	130	32	of	of	ADP
fsr-3923	130	33	the	the	DET
fsr-3923	130	34	program	program	NOUN
fsr-3923	130	35	to	to	PART
fsr-3923	130	36	ensure	ensure	VERB
fsr-3923	130	37	it	it	PRON
fsr-3923	130	38	operates	operate	VERB
fsr-3923	130	39	as	as	SCONJ
fsr-3923	130	40	planned	plan	VERB
fsr-3923	130	41	and	and	CCONJ
fsr-3923	130	42	remains	remain	VERB
fsr-3923	130	43	competitive	competitive	ADJ
fsr-3923	130	44	table	table	NOUN
fsr-3923	130	45	1	1	NUM
fsr-3923	130	46	areas	area	NOUN
fsr-3923	130	47	covered	cover	VERB
fsr-3923	130	48	in	in	ADP
fsr-3923	130	49	401(k	401(k	PROPN
fsr-3923	130	50	)	)	PUNCT
fsr-3923	130	51	investment	investment	NOUN
fsr-3923	130	52	policy	policy	NOUN
fsr-3923	130	53	statements	statement	NOUN
fsr-3923	130	54	,	,	PUNCT
fsr-3923	130	55	1999	1999	NUM
fsr-3923	130	56	all	all	PRON
fsr-3923	130	57	plans	plan	VERB
fsr-3923	130	58	large	large	ADJ
fsr-3923	130	59	plans	plan	NOUN
fsr-3923	130	60	monitoring	monitor	VERB
fsr-3923	130	61	investment	investment	NOUN
fsr-3923	130	62	options	option	NOUN
fsr-3923	130	63	80	80	NUM
fsr-3923	130	64	%	%	NOUN
fsr-3923	130	65	88	88	NUM
fsr-3923	130	66	%	%	NOUN
fsr-3923	130	67	determining	determine	VERB
fsr-3923	130	68	type	type	NOUN
fsr-3923	130	69	of	of	ADP
fsr-3923	130	70	investment	investment	NOUN
fsr-3923	130	71	options	option	NOUN
fsr-3923	130	72	78	78	NUM
fsr-3923	130	73	%	%	NOUN
fsr-3923	130	74	76	76	NUM
fsr-3923	130	75	%	%	NOUN
fsr-3923	130	76	setting	set	VERB
fsr-3923	130	77	401(k	401(k	NOUN
fsr-3923	130	78	)	)	PUNCT
fsr-3923	130	79	plan	plan	NOUN
fsr-3923	130	80	objectives	objective	VERB
fsr-3923	130	81	70	70	NUM
fsr-3923	130	82	%	%	NOUN
fsr-3923	130	83	68	68	NUM
fsr-3923	130	84	%	%	NOUN
fsr-3923	130	85	selecting	select	VERB
fsr-3923	130	86	investment	investment	NOUN
fsr-3923	130	87	options	option	NOUN
fsr-3923	130	88	67	67	NUM
fsr-3923	130	89	%	%	NOUN
fsr-3923	130	90	74	74	NUM
fsr-3923	130	91	%	%	NOUN
fsr-3923	130	92	determining	determine	VERB
fsr-3923	130	93	number	number	NOUN
fsr-3923	130	94	of	of	ADP
fsr-3923	130	95	investment	investment	NOUN
fsr-3923	130	96	options	option	NOUN
fsr-3923	130	97	61	61	NUM
fsr-3923	130	98	%	%	NOUN
fsr-3923	130	99	65	65	NUM
fsr-3923	130	100	%	%	NOUN
fsr-3923	130	101	benchmarking	benchmarke	VERB
fsr-3923	130	102	investment	investment	NOUN
fsr-3923	130	103	options	option	NOUN
fsr-3923	130	104	61	61	NUM
fsr-3923	130	105	%	%	NOUN
fsr-3923	130	106	76	76	NUM
fsr-3923	130	107	%	%	NOUN
fsr-3923	130	108	terminating	terminate	VERB
fsr-3923	130	109	investment	investment	NOUN
fsr-3923	130	110	options	option	NOUN
fsr-3923	130	111	60	60	NUM
fsr-3923	130	112	%	%	NOUN
fsr-3923	130	113	65	65	NUM
fsr-3923	130	114	%	%	NOUN
fsr-3923	130	115	amending	amend	VERB
fsr-3923	130	116	investment	investment	NOUN
fsr-3923	130	117	policy	policy	NOUN
fsr-3923	130	118	48	48	NUM
fsr-3923	130	119	%	%	NOUN
fsr-3923	130	120	38	38	NUM
fsr-3923	130	121	%	%	NOUN
fsr-3923	130	122	designating	designating	NOUN
fsr-3923	130	123	roles	role	NOUN
fsr-3923	130	124	and	and	CCONJ
fsr-3923	130	125	responsibilities	responsibility	NOUN
fsr-3923	130	126	46	46	NUM
fsr-3923	130	127	%	%	NOUN
fsr-3923	130	128	56	56	NUM
fsr-3923	130	129	%	%	NOUN
fsr-3923	130	130	plan	plan	NOUN
fsr-3923	130	131	expenses	expense	VERB
fsr-3923	130	132	36	36	NUM
fsr-3923	130	133	%	%	NOUN
fsr-3923	130	134	41	41	NUM
fsr-3923	130	135	%	%	NOUN
fsr-3923	130	136	enforcing	enforce	VERB
fsr-3923	130	137	investment	investment	NOUN
fsr-3923	130	138	policy	policy	NOUN
fsr-3923	130	139	35	35	NUM
fsr-3923	130	140	%	%	NOUN
fsr-3923	130	141	26	26	NUM
fsr-3923	130	142	%	%	NOUN
fsr-3923	130	143	administration	administration	NOUN
fsr-3923	130	144	guidelines	guideline	NOUN
fsr-3923	130	145	/	/	SYM
fsr-3923	130	146	requirements	requirement	NOUN
fsr-3923	130	147	31	31	NUM
fsr-3923	130	148	%	%	NOUN
fsr-3923	130	149	18	18	NUM
fsr-3923	130	150	%	%	NOUN
fsr-3923	130	151	communication	communication	NOUN
fsr-3923	130	152	guidelines	guideline	NOUN
fsr-3923	130	153	/	/	SYM
fsr-3923	130	154	requirements	requirement	NOUN
fsr-3923	130	155	27	27	NUM
fsr-3923	130	156	%	%	NOUN
fsr-3923	130	157	21	21	NUM
fsr-3923	130	158	%	%	NOUN
fsr-3923	130	159	other	other	ADJ
fsr-3923	130	160	4	4	NUM
fsr-3923	130	161	%	%	NOUN
fsr-3923	130	162	0	0	NUM
fsr-3923	130	163	%	%	NOUN
fsr-3923	130	164	memo	memo	NOUN
fsr-3923	130	165	:	:	PUNCT
fsr-3923	130	166	number	number	NOUN
fsr-3923	130	167	with	with	ADP
fsr-3923	130	168	statement	statement	NOUN
fsr-3923	130	169	/	/	SYM
fsr-3923	130	170	total	total	ADJ
fsr-3923	130	171	sample	sample	NOUN
fsr-3923	130	172	250/446	250/446	PROPN
fsr-3923	130	173	34/56	34/56	NUM
fsr-3923	130	174	source	source	NOUN
fsr-3923	130	175	:	:	PUNCT
fsr-3923	130	176	barra	barra	PROPN
fsr-3923	130	177	rogerscasey	rogerscasey	ADJ
fsr-3923	130	178	/	/	SYM
fsr-3923	130	179	ioma	ioma	ADJ
fsr-3923	130	180	annual	annual	ADJ
fsr-3923	130	181	defined	define	VERB
fsr-3923	130	182	contribution	contribution	NOUN
fsr-3923	130	183	survey	survey	NOUN
fsr-3923	130	184	.	.	PUNCT
fsr-3923	131	1	large	large	ADJ
fsr-3923	131	2	plans	plan	NOUN
fsr-3923	131	3	have	have	VERB
fsr-3923	131	4	at	at	ADV
fsr-3923	131	5	least	least	ADJ
fsr-3923	131	6	10,000	10,000	NUM
fsr-3923	131	7	participants	participant	NOUN
fsr-3923	131	8	.	.	PUNCT
fsr-3923	132	1	203k.w	203k.w	X
fsr-3923	132	2	.	.	PUNCT
fsr-3923	132	3	sigrist	sigrist	PROPN
fsr-3923	132	4	,	,	PUNCT
fsr-3923	132	5	s.l	s.l	PROPN
fsr-3923	132	6	.	.	PROPN
fsr-3923	132	7	brown	brown	ADJ
fsr-3923	132	8	/	/	SYM
fsr-3923	132	9	financial	financial	ADJ
fsr-3923	132	10	services	service	NOUN
fsr-3923	132	11	review	review	VERB
fsr-3923	132	12	9	9	NUM
fsr-3923	132	13	(	(	PUNCT
fsr-3923	132	14	2000	2000	NUM
fsr-3923	132	15	)	)	PUNCT
fsr-3923	133	1	197–218	197–218	NUM
fsr-3923	133	2	with	with	ADP
fsr-3923	133	3	other	other	ADJ
fsr-3923	133	4	alternatives	alternative	NOUN
fsr-3923	133	5	.	.	PUNCT
fsr-3923	134	1	public	public	ADJ
fsr-3923	134	2	sector	sector	NOUN
fsr-3923	134	3	trustees	trustee	NOUN
fsr-3923	134	4	have	have	VERB
fsr-3923	134	5	a	a	DET
fsr-3923	134	6	duty	duty	NOUN
fsr-3923	134	7	to	to	PART
fsr-3923	134	8	establish	establish	VERB
fsr-3923	134	9	and	and	CCONJ
fsr-3923	134	10	maintain	maintain	VERB
fsr-3923	134	11	“	"	PUNCT
fsr-3923	134	12	best	good	ADJ
fsr-3923	134	13	practices	practice	NOUN
fsr-3923	134	14	”	"	PUNCT
fsr-3923	134	15	in	in	ADP
fsr-3923	134	16	the	the	DET
fsr-3923	134	17	design	design	NOUN
fsr-3923	134	18	of	of	ADP
fsr-3923	134	19	a	a	DET
fsr-3923	134	20	dc	dc	PROPN
fsr-3923	134	21	program	program	NOUN
fsr-3923	134	22	.	.	PUNCT
fsr-3923	135	1	as	as	SCONJ
fsr-3923	135	2	we	we	PRON
fsr-3923	135	3	shall	shall	AUX
fsr-3923	135	4	see	see	VERB
fsr-3923	135	5	,	,	PUNCT
fsr-3923	135	6	cost	cost	VERB
fsr-3923	135	7	considerations	consideration	NOUN
fsr-3923	135	8	are	be	AUX
fsr-3923	135	9	central	central	ADJ
fsr-3923	135	10	to	to	ADP
fsr-3923	135	11	those	those	DET
fsr-3923	135	12	decisions	decision	NOUN
fsr-3923	135	13	.	.	PUNCT
fsr-3923	136	1	3	3	X
fsr-3923	136	2	.	.	X
fsr-3923	136	3	public	public	ADJ
fsr-3923	136	4	dc	dc	PROPN
fsr-3923	136	5	program	program	NOUN
fsr-3923	136	6	objectives	objective	NOUN
fsr-3923	136	7	having	having	AUX
fsr-3923	136	8	reviewed	review	VERB
fsr-3923	136	9	the	the	DET
fsr-3923	136	10	legal	legal	ADJ
fsr-3923	136	11	and	and	CCONJ
fsr-3923	136	12	fiduciary	fiduciary	ADJ
fsr-3923	136	13	framework	framework	NOUN
fsr-3923	136	14	within	within	ADP
fsr-3923	136	15	which	which	PRON
fsr-3923	136	16	trustees	trustee	NOUN
fsr-3923	136	17	should	should	AUX
fsr-3923	136	18	operate	operate	VERB
fsr-3923	136	19	,	,	PUNCT
fsr-3923	136	20	it	it	PRON
fsr-3923	136	21	is	be	AUX
fsr-3923	136	22	relatively	relatively	ADV
fsr-3923	136	23	straightforward	straightforward	ADJ
fsr-3923	136	24	to	to	PART
fsr-3923	136	25	identify	identify	VERB
fsr-3923	136	26	a	a	DET
fsr-3923	136	27	dc	dc	PROPN
fsr-3923	136	28	program	program	NOUN
fsr-3923	136	29	’s	’s	PART
fsr-3923	136	30	objectives	objective	NOUN
fsr-3923	136	31	:	:	PUNCT
fsr-3923	136	32	1	1	X
fsr-3923	136	33	.	.	X
fsr-3923	136	34	offer	offer	VERB
fsr-3923	136	35	a	a	DET
fsr-3923	136	36	diversified	diversified	ADJ
fsr-3923	136	37	mix	mix	NOUN
fsr-3923	136	38	of	of	ADP
fsr-3923	136	39	low	low	ADJ
fsr-3923	136	40	-	-	PUNCT
fsr-3923	136	41	cost	cost	NOUN
fsr-3923	136	42	investment	investment	NOUN
fsr-3923	136	43	options	option	NOUN
fsr-3923	136	44	that	that	PRON
fsr-3923	136	45	span	span	VERB
fsr-3923	136	46	the	the	DET
fsr-3923	136	47	risk	risk	NOUN
fsr-3923	136	48	-	-	PUNCT
fsr-3923	136	49	return	return	NOUN
fsr-3923	136	50	spectrum	spectrum	NOUN
fsr-3923	136	51	and	and	CCONJ
fsr-3923	136	52	give	give	VERB
fsr-3923	136	53	participants	participant	NOUN
fsr-3923	136	54	the	the	DET
fsr-3923	136	55	opportunity	opportunity	NOUN
fsr-3923	136	56	to	to	PART
fsr-3923	136	57	accumulate	accumulate	VERB
fsr-3923	136	58	portable	portable	ADJ
fsr-3923	136	59	retirement	retirement	NOUN
fsr-3923	136	60	benefits	benefit	NOUN
fsr-3923	136	61	.	.	PUNCT
fsr-3923	137	1	2	2	X
fsr-3923	137	2	.	.	X
fsr-3923	137	3	offer	offer	VERB
fsr-3923	137	4	investment	investment	NOUN
fsr-3923	137	5	options	option	NOUN
fsr-3923	137	6	that	that	PRON
fsr-3923	137	7	avoid	avoid	VERB
fsr-3923	137	8	excessive	excessive	ADJ
fsr-3923	137	9	risk	risk	NOUN
fsr-3923	137	10	,	,	PUNCT
fsr-3923	137	11	have	have	VERB
fsr-3923	137	12	a	a	DET
fsr-3923	137	13	prudent	prudent	ADJ
fsr-3923	137	14	degree	degree	NOUN
fsr-3923	137	15	of	of	ADP
fsr-3923	137	16	diversification	diversification	NOUN
fsr-3923	137	17	relative	relative	ADJ
fsr-3923	137	18	to	to	ADP
fsr-3923	137	19	broad	broad	ADJ
fsr-3923	137	20	market	market	NOUN
fsr-3923	137	21	indices	index	NOUN
fsr-3923	137	22	and	and	CCONJ
fsr-3923	137	23	provide	provide	VERB
fsr-3923	137	24	a	a	DET
fsr-3923	137	25	long	long	ADJ
fsr-3923	137	26	-	-	PUNCT
fsr-3923	137	27	term	term	NOUN
fsr-3923	137	28	rate	rate	NOUN
fsr-3923	137	29	of	of	ADP
fsr-3923	137	30	return	return	NOUN
fsr-3923	137	31	,	,	PUNCT
fsr-3923	137	32	net	net	NOUN
fsr-3923	137	33	of	of	ADP
fsr-3923	137	34	all	all	DET
fsr-3923	137	35	expenses	expense	NOUN
fsr-3923	137	36	and	and	CCONJ
fsr-3923	137	37	fees	fee	NOUN
fsr-3923	137	38	,	,	PUNCT
fsr-3923	137	39	that	that	PRON
fsr-3923	137	40	achieves	achieve	VERB
fsr-3923	137	41	or	or	CCONJ
fsr-3923	137	42	exceeds	exceed	VERB
fsr-3923	137	43	the	the	DET
fsr-3923	137	44	returns	return	NOUN
fsr-3923	137	45	on	on	ADP
fsr-3923	137	46	comparable	comparable	ADJ
fsr-3923	137	47	market	market	NOUN
fsr-3923	137	48	benchmark	benchmark	NOUN
fsr-3923	137	49	indices	index	NOUN
fsr-3923	137	50	.	.	PUNCT
fsr-3923	138	1	3	3	X
fsr-3923	138	2	.	.	X
fsr-3923	138	3	offer	offer	VERB
fsr-3923	138	4	participants	participant	NOUN
fsr-3923	138	5	meaningful	meaningful	ADJ
fsr-3923	138	6	,	,	PUNCT
fsr-3923	138	7	independent	independent	ADJ
fsr-3923	138	8	control	control	NOUN
fsr-3923	138	9	over	over	ADP
fsr-3923	138	10	the	the	DET
fsr-3923	138	11	assets	asset	NOUN
fsr-3923	138	12	in	in	ADP
fsr-3923	138	13	their	their	PRON
fsr-3923	138	14	account	account	NOUN
fsr-3923	138	15	with	with	ADP
fsr-3923	138	16	the	the	DET
fsr-3923	138	17	opportunity	opportunity	NOUN
fsr-3923	138	18	to	to	PART
fsr-3923	138	19	:	:	PUNCT
fsr-3923	138	20	a	a	X
fsr-3923	138	21	)	)	PUNCT
fsr-3923	138	22	obtain	obtain	VERB
fsr-3923	138	23	sufficient	sufficient	ADJ
fsr-3923	138	24	information	information	NOUN
fsr-3923	138	25	about	about	ADP
fsr-3923	138	26	the	the	DET
fsr-3923	138	27	plan	plan	NOUN
fsr-3923	138	28	and	and	CCONJ
fsr-3923	138	29	investment	investment	NOUN
fsr-3923	138	30	alternatives	alternative	NOUN
fsr-3923	138	31	to	to	PART
fsr-3923	138	32	make	make	VERB
fsr-3923	138	33	informed	informed	ADJ
fsr-3923	138	34	investment	investment	NOUN
fsr-3923	138	35	decisions	decision	NOUN
fsr-3923	138	36	;	;	PUNCT
fsr-3923	138	37	b	b	X
fsr-3923	138	38	)	)	PUNCT
fsr-3923	138	39	direct	direct	ADJ
fsr-3923	138	40	contributions	contribution	NOUN
fsr-3923	138	41	and	and	CCONJ
fsr-3923	138	42	account	account	NOUN
fsr-3923	138	43	balances	balance	NOUN
fsr-3923	138	44	between	between	ADP
fsr-3923	138	45	approved	approve	VERB
fsr-3923	138	46	investment	investment	NOUN
fsr-3923	138	47	options	option	NOUN
fsr-3923	138	48	with	with	ADP
fsr-3923	138	49	a	a	DET
fsr-3923	138	50	frequency	frequency	NOUN
fsr-3923	138	51	that	that	PRON
fsr-3923	138	52	is	be	AUX
fsr-3923	138	53	appropriate	appropriate	ADJ
fsr-3923	138	54	in	in	ADP
fsr-3923	138	55	light	light	NOUN
fsr-3923	138	56	of	of	ADP
fsr-3923	138	57	the	the	DET
fsr-3923	138	58	market	market	NOUN
fsr-3923	138	59	volatility	volatility	NOUN
fsr-3923	138	60	of	of	ADP
fsr-3923	138	61	the	the	DET
fsr-3923	138	62	investment	investment	NOUN
fsr-3923	138	63	options	option	NOUN
fsr-3923	138	64	;	;	PUNCT
fsr-3923	138	65	c	c	X
fsr-3923	138	66	)	)	PUNCT
fsr-3923	138	67	direct	direct	ADJ
fsr-3923	138	68	contributions	contribution	NOUN
fsr-3923	138	69	and	and	CCONJ
fsr-3923	138	70	account	account	NOUN
fsr-3923	138	71	balances	balance	NOUN
fsr-3923	138	72	between	between	ADP
fsr-3923	138	73	approved	approve	VERB
fsr-3923	138	74	investment	investment	NOUN
fsr-3923	138	75	options	option	NOUN
fsr-3923	138	76	without	without	ADP
fsr-3923	138	77	the	the	DET
fsr-3923	138	78	limitation	limitation	NOUN
fsr-3923	138	79	of	of	ADP
fsr-3923	138	80	fees	fee	NOUN
fsr-3923	138	81	or	or	CCONJ
fsr-3923	138	82	charges	charge	NOUN
fsr-3923	138	83	;	;	PUNCT
fsr-3923	138	84	and	and	CCONJ
fsr-3923	138	85	d	d	X
fsr-3923	138	86	)	)	PUNCT
fsr-3923	138	87	remove	remove	VERB
fsr-3923	138	88	accrued	accrue	VERB
fsr-3923	138	89	benefits	benefit	NOUN
fsr-3923	138	90	from	from	ADP
fsr-3923	138	91	the	the	DET
fsr-3923	138	92	plan	plan	NOUN
fsr-3923	138	93	without	without	ADP
fsr-3923	138	94	undue	undue	ADJ
fsr-3923	138	95	delay	delay	NOUN
fsr-3923	138	96	or	or	CCONJ
fsr-3923	138	97	penalties	penalty	NOUN
fsr-3923	138	98	.	.	PUNCT
fsr-3923	139	1	4	4	X
fsr-3923	139	2	.	.	X
fsr-3923	139	3	offer	offer	VERB
fsr-3923	139	4	participants	participant	NOUN
fsr-3923	139	5	cost	cost	NOUN
fsr-3923	139	6	-	-	PUNCT
fsr-3923	139	7	effective	effective	ADJ
fsr-3923	139	8	administrative	administrative	ADJ
fsr-3923	139	9	and	and	CCONJ
fsr-3923	139	10	educational	educational	ADJ
fsr-3923	139	11	services	service	NOUN
fsr-3923	139	12	that	that	PRON
fsr-3923	139	13	will	will	AUX
fsr-3923	139	14	help	help	VERB
fsr-3923	139	15	the	the	DET
fsr-3923	139	16	plan	plan	NOUN
fsr-3923	139	17	maintain	maintain	VERB
fsr-3923	139	18	compliance	compliance	NOUN
fsr-3923	139	19	with	with	ADP
fsr-3923	139	20	u.s	u.s	PROPN
fsr-3923	139	21	.	.	PROPN
fsr-3923	139	22	department	department	PROPN
fsr-3923	139	23	of	of	ADP
fsr-3923	139	24	labor	labor	PROPN
fsr-3923	139	25	section	section	PROPN
fsr-3923	139	26	404(c	404(c	PROPN
fsr-3923	139	27	)	)	PUNCT
fsr-3923	139	28	regulations	regulation	NOUN
fsr-3923	139	29	and	and	CCONJ
fsr-3923	139	30	provide	provide	VERB
fsr-3923	139	31	participants	participant	NOUN
fsr-3923	139	32	with	with	ADP
fsr-3923	139	33	impartial	impartial	ADJ
fsr-3923	139	34	and	and	CCONJ
fsr-3923	139	35	balanced	balanced	ADJ
fsr-3923	139	36	information	information	NOUN
fsr-3923	139	37	about	about	ADP
fsr-3923	139	38	investment	investment	NOUN
fsr-3923	139	39	choices	choice	NOUN
fsr-3923	139	40	that	that	PRON
fsr-3923	139	41	will	will	AUX
fsr-3923	139	42	help	help	VERB
fsr-3923	139	43	facilitate	facilitate	VERB
fsr-3923	139	44	their	their	PRON
fsr-3923	139	45	portfolio	portfolio	NOUN
fsr-3923	139	46	decisions	decision	NOUN
fsr-3923	139	47	.	.	PUNCT
fsr-3923	140	1	most	most	ADJ
fsr-3923	140	2	of	of	ADP
fsr-3923	140	3	the	the	DET
fsr-3923	140	4	objectives	objective	NOUN
fsr-3923	140	5	are	be	AUX
fsr-3923	140	6	direct	direct	ADJ
fsr-3923	140	7	offshoots	offshoot	NOUN
fsr-3923	140	8	of	of	ADP
fsr-3923	140	9	mpers	mper	NOUN
fsr-3923	140	10	,	,	PUNCT
fsr-3923	140	11	the	the	DET
fsr-3923	140	12	prudent	prudent	ADJ
fsr-3923	140	13	expert	expert	NOUN
fsr-3923	140	14	standard	standard	NOUN
fsr-3923	140	15	of	of	ADP
fsr-3923	140	16	care	care	NOUN
fsr-3923	140	17	and	and	CCONJ
fsr-3923	140	18	the	the	DET
fsr-3923	140	19	404(c	404(c	PROPN
fsr-3923	140	20	)	)	PUNCT
fsr-3923	140	21	requirements	requirement	NOUN
fsr-3923	140	22	.	.	PUNCT
fsr-3923	141	1	others	other	NOUN
fsr-3923	141	2	such	such	ADJ
fsr-3923	141	3	as	as	ADP
fsr-3923	141	4	portability	portability	NOUN
fsr-3923	141	5	are	be	AUX
fsr-3923	141	6	not	not	PART
fsr-3923	141	7	controversial	controversial	ADJ
fsr-3923	141	8	.	.	PUNCT
fsr-3923	142	1	however	however	ADV
fsr-3923	142	2	,	,	PUNCT
fsr-3923	142	3	objective	objective	ADJ
fsr-3923	142	4	4	4	NUM
fsr-3923	142	5	deserves	deserve	VERB
fsr-3923	142	6	detailed	detailed	ADJ
fsr-3923	142	7	discussion	discussion	NOUN
fsr-3923	142	8	.	.	PUNCT
fsr-3923	143	1	3.1	3.1	NUM
fsr-3923	143	2	.	.	PUNCT
fsr-3923	144	1	impartial	impartial	ADJ
fsr-3923	144	2	and	and	CCONJ
fsr-3923	144	3	balanced	balanced	ADJ
fsr-3923	144	4	educational	educational	ADJ
fsr-3923	144	5	services	service	NOUN
fsr-3923	144	6	corporate	corporate	ADJ
fsr-3923	144	7	dc	dc	PROPN
fsr-3923	144	8	educational	educational	ADJ
fsr-3923	144	9	services	service	NOUN
fsr-3923	144	10	have	have	AUX
fsr-3923	144	11	significantly	significantly	ADV
fsr-3923	144	12	evolved	evolve	VERB
fsr-3923	144	13	and	and	CCONJ
fsr-3923	144	14	expanded	expand	VERB
fsr-3923	144	15	under	under	ADP
fsr-3923	144	16	recent	recent	ADJ
fsr-3923	144	17	federal	federal	ADJ
fsr-3923	144	18	regulations	regulation	NOUN
fsr-3923	144	19	.	.	PUNCT
fsr-3923	145	1	corporations	corporation	NOUN
fsr-3923	145	2	were	be	AUX
fsr-3923	145	3	naturally	naturally	ADV
fsr-3923	145	4	averse	averse	ADJ
fsr-3923	145	5	to	to	ADP
fsr-3923	145	6	providing	provide	VERB
fsr-3923	145	7	education	education	NOUN
fsr-3923	145	8	to	to	ADP
fsr-3923	145	9	401(k	401(k	PROPN
fsr-3923	145	10	)	)	PUNCT
fsr-3923	145	11	participants	participant	NOUN
fsr-3923	145	12	that	that	PRON
fsr-3923	145	13	might	might	AUX
fsr-3923	145	14	later	later	ADV
fsr-3923	145	15	be	be	AUX
fsr-3923	145	16	interpreted	interpret	VERB
fsr-3923	145	17	by	by	ADP
fsr-3923	145	18	courts	court	NOUN
fsr-3923	145	19	as	as	ADP
fsr-3923	145	20	investment	investment	NOUN
fsr-3923	145	21	advice	advice	NOUN
fsr-3923	145	22	.	.	PUNCT
fsr-3923	146	1	therefore	therefore	ADV
fsr-3923	146	2	,	,	PUNCT
fsr-3923	146	3	in	in	ADP
fsr-3923	146	4	1996	1996	NUM
fsr-3923	146	5	,	,	PUNCT
fsr-3923	146	6	the	the	DET
fsr-3923	146	7	u.s	u.s	PROPN
fsr-3923	146	8	.	.	PROPN
fsr-3923	146	9	department	department	PROPN
fsr-3923	146	10	of	of	ADP
fsr-3923	146	11	labor	labor	NOUN
fsr-3923	146	12	promulgated	promulgate	VERB
fsr-3923	146	13	interpretive	interpretive	ADJ
fsr-3923	146	14	bulletin	bulletin	NOUN
fsr-3923	146	15	96–1	96–1	NOUN
fsr-3923	146	16	(	(	PUNCT
fsr-3923	146	17	ib	ib	NOUN
fsr-3923	146	18	96–1	96–1	NUM
fsr-3923	146	19	)	)	PUNCT
fsr-3923	146	20	to	to	PART
fsr-3923	146	21	encourage	encourage	VERB
fsr-3923	146	22	the	the	DET
fsr-3923	146	23	provision	provision	NOUN
fsr-3923	146	24	of	of	ADP
fsr-3923	146	25	educational	educational	ADJ
fsr-3923	146	26	services	service	NOUN
fsr-3923	146	27	under	under	ADP
fsr-3923	146	28	404(c	404(c	PROPN
fsr-3923	146	29	)	)	PUNCT
fsr-3923	146	30	of	of	ADP
fsr-3923	146	31	erisa	erisa	PROPN
fsr-3923	146	32	.	.	PUNCT
fsr-3923	147	1	ib	ib	PROPN
fsr-3923	147	2	96–1	96–1	PROPN
fsr-3923	147	3	identified	identify	VERB
fsr-3923	147	4	broad	broad	ADJ
fsr-3923	147	5	safe	safe	ADJ
fsr-3923	147	6	harbors	harbor	NOUN
fsr-3923	147	7	for	for	ADP
fsr-3923	147	8	education	education	NOUN
fsr-3923	147	9	,	,	PUNCT
fsr-3923	147	10	including	include	VERB
fsr-3923	147	11	:	:	PUNCT
fsr-3923	147	12	general	general	ADJ
fsr-3923	147	13	financial	financial	ADJ
fsr-3923	147	14	and	and	CCONJ
fsr-3923	147	15	investment	investment	NOUN
fsr-3923	147	16	information	information	NOUN
fsr-3923	147	17	,	,	PUNCT
fsr-3923	147	18	asset	asset	NOUN
fsr-3923	147	19	allocation	allocation	NOUN
fsr-3923	147	20	models	model	NOUN
fsr-3923	147	21	and	and	CCONJ
fsr-3923	147	22	interactive	interactive	ADJ
fsr-3923	147	23	investment	investment	NOUN
fsr-3923	147	24	materials	material	NOUN
fsr-3923	147	25	(	(	PUNCT
fsr-3923	147	26	e.g.	e.g.	ADV
fsr-3923	147	27	,	,	PUNCT
fsr-3923	147	28	worksheets	worksheet	NOUN
fsr-3923	147	29	and	and	CCONJ
fsr-3923	147	30	software	software	NOUN
fsr-3923	147	31	)	)	PUNCT
fsr-3923	147	32	.	.	PUNCT
fsr-3923	148	1	204	204	NUM
fsr-3923	148	2	k.w	k.w	PROPN
fsr-3923	148	3	.	.	PROPN
fsr-3923	148	4	sigrist	sigrist	PROPN
fsr-3923	148	5	,	,	PUNCT
fsr-3923	148	6	s.l	s.l	PROPN
fsr-3923	148	7	.	.	PROPN
fsr-3923	148	8	brown	brown	ADJ
fsr-3923	148	9	/	/	SYM
fsr-3923	148	10	financial	financial	ADJ
fsr-3923	148	11	services	service	NOUN
fsr-3923	148	12	review	review	VERB
fsr-3923	148	13	9	9	NUM
fsr-3923	148	14	(	(	PUNCT
fsr-3923	148	15	2000	2000	NUM
fsr-3923	148	16	)	)	PUNCT
fsr-3923	149	1	197–218	197–218	NUM
fsr-3923	149	2	the	the	DET
fsr-3923	149	3	department	department	NOUN
fsr-3923	149	4	of	of	ADP
fsr-3923	149	5	labor	labor	NOUN
fsr-3923	149	6	also	also	ADV
fsr-3923	149	7	officially	officially	ADV
fsr-3923	149	8	stated	state	VERB
fsr-3923	149	9	their	their	PRON
fsr-3923	149	10	interest	interest	NOUN
fsr-3923	149	11	in	in	ADP
fsr-3923	149	12	the	the	DET
fsr-3923	149	13	provision	provision	NOUN
fsr-3923	149	14	of	of	ADP
fsr-3923	149	15	impartial	impartial	ADJ
fsr-3923	149	16	and	and	CCONJ
fsr-3923	149	17	balanced	balanced	ADJ
fsr-3923	149	18	educational	educational	ADJ
fsr-3923	149	19	services	service	NOUN
fsr-3923	149	20	.	.	PUNCT
fsr-3923	150	1	for	for	ADP
fsr-3923	150	2	example	example	NOUN
fsr-3923	150	3	,	,	PUNCT
fsr-3923	150	4	to	to	PART
fsr-3923	150	5	comply	comply	VERB
fsr-3923	150	6	with	with	ADP
fsr-3923	150	7	the	the	DET
fsr-3923	150	8	ib	ib	NOUN
fsr-3923	150	9	96–1	96–1	NUM
fsr-3923	150	10	safe	safe	ADJ
fsr-3923	150	11	harbors	harbor	NOUN
fsr-3923	150	12	,	,	PUNCT
fsr-3923	150	13	asset	asset	NOUN
fsr-3923	150	14	allocation	allocation	NOUN
fsr-3923	150	15	models	model	NOUN
fsr-3923	150	16	and	and	CCONJ
fsr-3923	150	17	interactive	interactive	ADJ
fsr-3923	150	18	investment	investment	NOUN
fsr-3923	150	19	materials	material	NOUN
fsr-3923	150	20	must	must	AUX
fsr-3923	150	21	incorporate	incorporate	VERB
fsr-3923	150	22	generallyaccepted	generallyaccepte	VERB
fsr-3923	150	23	investment	investment	NOUN
fsr-3923	150	24	theory	theory	NOUN
fsr-3923	150	25	and	and	CCONJ
fsr-3923	150	26	disclose	disclose	VERB
fsr-3923	150	27	all	all	DET
fsr-3923	150	28	material	material	NOUN
fsr-3923	150	29	assumptions	assumption	NOUN
fsr-3923	150	30	.	.	PUNCT
fsr-3923	151	1	similarly	similarly	ADV
fsr-3923	151	2	,	,	PUNCT
fsr-3923	151	3	if	if	SCONJ
fsr-3923	151	4	interactive	interactive	ADJ
fsr-3923	151	5	materials	material	NOUN
fsr-3923	151	6	and	and	CCONJ
fsr-3923	151	7	allocation	allocation	NOUN
fsr-3923	151	8	models	model	NOUN
fsr-3923	151	9	identify	identify	VERB
fsr-3923	151	10	specific	specific	ADJ
fsr-3923	151	11	investment	investment	NOUN
fsr-3923	151	12	products	product	NOUN
fsr-3923	151	13	,	,	PUNCT
fsr-3923	151	14	the	the	DET
fsr-3923	151	15	participant	participant	NOUN
fsr-3923	151	16	must	must	AUX
fsr-3923	151	17	be	be	AUX
fsr-3923	151	18	alerted	alert	VERB
fsr-3923	151	19	to	to	ADP
fsr-3923	151	20	the	the	DET
fsr-3923	151	21	existence	existence	NOUN
fsr-3923	151	22	of	of	ADP
fsr-3923	151	23	other	other	ADJ
fsr-3923	151	24	substitutes	substitute	NOUN
fsr-3923	151	25	and	and	CCONJ
fsr-3923	151	26	be	be	AUX
fsr-3923	151	27	given	give	VERB
fsr-3923	151	28	sources	source	NOUN
fsr-3923	151	29	of	of	ADP
fsr-3923	151	30	information	information	NOUN
fsr-3923	151	31	on	on	ADP
fsr-3923	151	32	those	those	DET
fsr-3923	151	33	alternative	alternative	ADJ
fsr-3923	151	34	products	product	NOUN
fsr-3923	151	35	.	.	PUNCT
fsr-3923	152	1	in	in	ADP
fsr-3923	152	2	ib	ib	NOUN
fsr-3923	152	3	96–1	96–1	NUM
fsr-3923	152	4	,	,	PUNCT
fsr-3923	152	5	the	the	DET
fsr-3923	152	6	department	department	NOUN
fsr-3923	152	7	stated	state	VERB
fsr-3923	152	8	that	that	SCONJ
fsr-3923	152	9	their	their	PRON
fsr-3923	152	10	intent	intent	NOUN
fsr-3923	152	11	behind	behind	ADP
fsr-3923	152	12	these	these	DET
fsr-3923	152	13	requirements	requirement	NOUN
fsr-3923	152	14	was	be	AUX
fsr-3923	152	15	,	,	PUNCT
fsr-3923	152	16	“	"	PUNCT
fsr-3923	152	17	to	to	PART
fsr-3923	152	18	address	address	VERB
fsr-3923	152	19	the	the	DET
fsr-3923	152	20	concern	concern	NOUN
fsr-3923	152	21	that	that	SCONJ
fsr-3923	152	22	a	a	DET
fsr-3923	152	23	service	service	NOUN
fsr-3923	152	24	provider	provider	NOUN
fsr-3923	152	25	could	could	AUX
fsr-3923	152	26	effectively	effectively	ADV
fsr-3923	152	27	steer	steer	VERB
fsr-3923	152	28	participants	participant	NOUN
fsr-3923	152	29	to	to	ADP
fsr-3923	152	30	a	a	DET
fsr-3923	152	31	specific	specific	ADJ
fsr-3923	152	32	investment	investment	NOUN
fsr-3923	152	33	alternative	alternative	NOUN
fsr-3923	152	34	by	by	ADP
fsr-3923	152	35	only	only	ADV
fsr-3923	152	36	specifying	specify	VERB
fsr-3923	152	37	one	one	NUM
fsr-3923	152	38	particular	particular	ADJ
fsr-3923	152	39	fund	fund	NOUN
fsr-3923	152	40	in	in	ADP
fsr-3923	152	41	connection	connection	NOUN
fsr-3923	152	42	with	with	ADP
fsr-3923	152	43	an	an	DET
fsr-3923	152	44	asset	asset	NOUN
fsr-3923	152	45	allocation	allocation	NOUN
fsr-3923	152	46	model	model	NOUN
fsr-3923	152	47	.	.	PUNCT
fsr-3923	152	48	”	"	PUNCT
fsr-3923	153	1	the	the	DET
fsr-3923	153	2	department	department	NOUN
fsr-3923	153	3	’s	’s	PART
fsr-3923	153	4	concerns	concern	NOUN
fsr-3923	153	5	are	be	AUX
fsr-3923	153	6	of	of	ADP
fsr-3923	153	7	central	central	ADJ
fsr-3923	153	8	importance	importance	NOUN
fsr-3923	153	9	for	for	ADP
fsr-3923	153	10	public	public	ADJ
fsr-3923	153	11	sector	sector	NOUN
fsr-3923	153	12	dc	dc	PROPN
fsr-3923	153	13	plans	plan	NOUN
fsr-3923	153	14	because	because	SCONJ
fsr-3923	153	15	they	they	PRON
fsr-3923	153	16	are	be	AUX
fsr-3923	153	17	not	not	PART
fsr-3923	153	18	subject	subject	ADJ
fsr-3923	153	19	to	to	ADP
fsr-3923	153	20	the	the	DET
fsr-3923	153	21	prohibited	prohibit	VERB
fsr-3923	153	22	transactions	transaction	NOUN
fsr-3923	153	23	regulations	regulation	NOUN
fsr-3923	153	24	of	of	ADP
fsr-3923	153	25	erisa	erisa	NOUN
fsr-3923	153	26	.	.	PUNCT
fsr-3923	154	1	under	under	ADP
fsr-3923	154	2	such	such	ADJ
fsr-3923	154	3	regulations	regulation	NOUN
fsr-3923	154	4	,	,	PUNCT
fsr-3923	154	5	investment	investment	NOUN
fsr-3923	154	6	product	product	NOUN
fsr-3923	154	7	providers	provider	NOUN
fsr-3923	154	8	and	and	CCONJ
fsr-3923	154	9	other	other	ADJ
fsr-3923	154	10	fiduciaries	fiduciary	NOUN
fsr-3923	154	11	are	be	AUX
fsr-3923	154	12	generally	generally	ADV
fsr-3923	154	13	prohibited	prohibit	VERB
fsr-3923	154	14	from	from	ADP
fsr-3923	154	15	actions	action	NOUN
fsr-3923	154	16	that	that	PRON
fsr-3923	154	17	would	would	AUX
fsr-3923	154	18	benefit	benefit	VERB
fsr-3923	154	19	them	they	PRON
fsr-3923	154	20	at	at	ADP
fsr-3923	154	21	the	the	DET
fsr-3923	154	22	expense	expense	NOUN
fsr-3923	154	23	of	of	ADP
fsr-3923	154	24	the	the	DET
fsr-3923	154	25	participants	participant	NOUN
fsr-3923	154	26	;	;	PUNCT
fsr-3923	154	27	for	for	ADP
fsr-3923	154	28	example	example	NOUN
fsr-3923	154	29	,	,	PUNCT
fsr-3923	154	30	advising	advise	VERB
fsr-3923	154	31	a	a	DET
fsr-3923	154	32	participant	participant	NOUN
fsr-3923	154	33	to	to	PART
fsr-3923	154	34	choose	choose	VERB
fsr-3923	154	35	one	one	NUM
fsr-3923	154	36	of	of	ADP
fsr-3923	154	37	their	their	PRON
fsr-3923	154	38	investment	investment	NOUN
fsr-3923	154	39	offerings	offering	NOUN
fsr-3923	154	40	.	.	PUNCT
fsr-3923	155	1	therefore	therefore	ADV
fsr-3923	155	2	,	,	PUNCT
fsr-3923	155	3	unless	unless	SCONJ
fsr-3923	155	4	public	public	ADJ
fsr-3923	155	5	sector	sector	NOUN
fsr-3923	155	6	trustees	trustee	NOUN
fsr-3923	155	7	take	take	VERB
fsr-3923	155	8	an	an	DET
fsr-3923	155	9	affirmative	affirmative	ADJ
fsr-3923	155	10	action	action	NOUN
fsr-3923	155	11	,	,	PUNCT
fsr-3923	155	12	in	in	ADP
fsr-3923	155	13	law	law	NOUN
fsr-3923	155	14	or	or	CCONJ
fsr-3923	155	15	the	the	DET
fsr-3923	155	16	program	program	NOUN
fsr-3923	155	17	objectives	objective	NOUN
fsr-3923	155	18	,	,	PUNCT
fsr-3923	155	19	participants	participant	NOUN
fsr-3923	155	20	will	will	AUX
fsr-3923	155	21	not	not	PART
fsr-3923	155	22	be	be	AUX
fsr-3923	155	23	afforded	afford	VERB
fsr-3923	155	24	one	one	NUM
fsr-3923	155	25	of	of	ADP
fsr-3923	155	26	the	the	DET
fsr-3923	155	27	basic	basic	ADJ
fsr-3923	155	28	protections	protection	NOUN
fsr-3923	155	29	enjoyed	enjoy	VERB
fsr-3923	155	30	by	by	ADP
fsr-3923	155	31	members	member	NOUN
fsr-3923	155	32	of	of	ADP
fsr-3923	155	33	corporate	corporate	ADJ
fsr-3923	155	34	401(k	401(k	PROPN
fsr-3923	155	35	)	)	PUNCT
fsr-3923	155	36	programs	program	NOUN
fsr-3923	155	37	.	.	PUNCT
fsr-3923	156	1	unfortunately	unfortunately	ADV
fsr-3923	156	2	,	,	PUNCT
fsr-3923	156	3	mpers	mper	NOUN
fsr-3923	156	4	does	do	AUX
fsr-3923	156	5	not	not	PART
fsr-3923	156	6	invoke	invoke	VERB
fsr-3923	156	7	the	the	DET
fsr-3923	156	8	prohibited	prohibit	VERB
fsr-3923	156	9	transactions	transaction	NOUN
fsr-3923	156	10	regulations	regulation	NOUN
fsr-3923	156	11	of	of	ADP
fsr-3923	156	12	erisa	erisa	NOUN
fsr-3923	156	13	.	.	PUNCT
fsr-3923	157	1	public	public	ADJ
fsr-3923	157	2	sector	sector	NOUN
fsr-3923	157	3	trustees	trustee	NOUN
fsr-3923	157	4	have	have	VERB
fsr-3923	157	5	a	a	DET
fsr-3923	157	6	strong	strong	ADJ
fsr-3923	157	7	incentive	incentive	NOUN
fsr-3923	157	8	to	to	PART
fsr-3923	157	9	arrange	arrange	VERB
fsr-3923	157	10	cost	cost	NOUN
fsr-3923	157	11	-	-	PUNCT
fsr-3923	157	12	effective	effective	ADJ
fsr-3923	157	13	educational	educational	ADJ
fsr-3923	157	14	services	service	NOUN
fsr-3923	157	15	to	to	PART
fsr-3923	157	16	help	help	VERB
fsr-3923	157	17	facilitate	facilitate	VERB
fsr-3923	157	18	investment	investment	NOUN
fsr-3923	157	19	decisions	decision	NOUN
fsr-3923	157	20	and	and	CCONJ
fsr-3923	157	21	improve	improve	VERB
fsr-3923	157	22	retirement	retirement	NOUN
fsr-3923	157	23	benefits	benefit	NOUN
fsr-3923	157	24	.	.	PUNCT
fsr-3923	158	1	first	first	ADV
fsr-3923	158	2	,	,	PUNCT
fsr-3923	158	3	providing	provide	VERB
fsr-3923	158	4	impartial	impartial	ADJ
fsr-3923	158	5	and	and	CCONJ
fsr-3923	158	6	balanced	balanced	ADJ
fsr-3923	158	7	educational	educational	ADJ
fsr-3923	158	8	information	information	NOUN
fsr-3923	158	9	appears	appear	VERB
fsr-3923	158	10	to	to	PART
fsr-3923	158	11	be	be	AUX
fsr-3923	158	12	broadly	broadly	ADV
fsr-3923	158	13	consistent	consistent	ADJ
fsr-3923	158	14	with	with	ADP
fsr-3923	158	15	the	the	DET
fsr-3923	158	16	404(c	404(c	PROPN
fsr-3923	158	17	)	)	PUNCT
fsr-3923	158	18	objective	objective	NOUN
fsr-3923	158	19	of	of	ADP
fsr-3923	158	20	ensuring	ensure	VERB
fsr-3923	158	21	that	that	SCONJ
fsr-3923	158	22	participants	participant	NOUN
fsr-3923	158	23	remain	remain	VERB
fsr-3923	158	24	in	in	ADP
fsr-3923	158	25	control	control	NOUN
fsr-3923	158	26	of	of	ADP
fsr-3923	158	27	their	their	PRON
fsr-3923	158	28	assets	asset	NOUN
fsr-3923	158	29	.	.	PUNCT
fsr-3923	159	1	second	second	ADJ
fsr-3923	159	2	,	,	PUNCT
fsr-3923	159	3	provision	provision	NOUN
fsr-3923	159	4	of	of	ADP
fsr-3923	159	5	even	even	ADV
fsr-3923	159	6	low	low	ADJ
fsr-3923	159	7	levels	level	NOUN
fsr-3923	159	8	of	of	ADP
fsr-3923	159	9	impartial	impartial	ADJ
fsr-3923	159	10	educational	educational	ADJ
fsr-3923	159	11	services	service	NOUN
fsr-3923	159	12	along	along	ADP
fsr-3923	159	13	the	the	DET
fsr-3923	159	14	lines	line	NOUN
fsr-3923	159	15	of	of	ADP
fsr-3923	159	16	ib	ib	PROPN
fsr-3923	159	17	96–1	96–1	PROPN
fsr-3923	159	18	should	should	AUX
fsr-3923	159	19	entail	entail	VERB
fsr-3923	159	20	significant	significant	ADJ
fsr-3923	159	21	increases	increase	NOUN
fsr-3923	159	22	in	in	ADP
fsr-3923	159	23	retirement	retirement	NOUN
fsr-3923	159	24	benefits	benefit	NOUN
fsr-3923	159	25	.	.	PUNCT
fsr-3923	160	1	studies	study	NOUN
fsr-3923	160	2	of	of	ADP
fsr-3923	160	3	consumer	consumer	NOUN
fsr-3923	160	4	investment	investment	NOUN
fsr-3923	160	5	behavior	behavior	NOUN
fsr-3923	160	6	indicate	indicate	VERB
fsr-3923	160	7	a	a	DET
fsr-3923	160	8	sizeable	sizeable	ADJ
fsr-3923	160	9	group	group	NOUN
fsr-3923	160	10	of	of	ADP
fsr-3923	160	11	consumers	consumer	NOUN
fsr-3923	160	12	do	do	AUX
fsr-3923	160	13	not	not	PART
fsr-3923	160	14	understand	understand	VERB
fsr-3923	160	15	or	or	CCONJ
fsr-3923	160	16	follow	follow	VERB
fsr-3923	160	17	basic	basic	ADJ
fsr-3923	160	18	investment	investment	NOUN
fsr-3923	160	19	principals	principal	NOUN
fsr-3923	160	20	related	relate	VERB
fsr-3923	160	21	to	to	ADP
fsr-3923	160	22	asset	asset	NOUN
fsr-3923	160	23	allocation	allocation	NOUN
fsr-3923	160	24	and	and	CCONJ
fsr-3923	160	25	cost	cost	VERB
fsr-3923	160	26	management.1	management.1	PROPN
fsr-3923	160	27	moreover	moreover	ADV
fsr-3923	160	28	,	,	PUNCT
fsr-3923	160	29	the	the	DET
fsr-3923	160	30	rule	rule	NOUN
fsr-3923	160	31	of	of	ADP
fsr-3923	160	32	thumb	thumb	NOUN
fsr-3923	160	33	is	be	AUX
fsr-3923	160	34	that	that	SCONJ
fsr-3923	160	35	more	more	ADJ
fsr-3923	160	36	than	than	ADP
fsr-3923	160	37	90	90	NUM
fsr-3923	160	38	%	%	NOUN
fsr-3923	160	39	of	of	ADP
fsr-3923	160	40	dc	dc	PROPN
fsr-3923	160	41	retirement	retirement	NOUN
fsr-3923	160	42	benefits	benefit	NOUN
fsr-3923	160	43	will	will	AUX
fsr-3923	160	44	be	be	AUX
fsr-3923	160	45	determined	determine	VERB
fsr-3923	160	46	by	by	ADP
fsr-3923	160	47	an	an	DET
fsr-3923	160	48	investor	investor	NOUN
fsr-3923	160	49	’s	’s	PART
fsr-3923	160	50	asset	asset	NOUN
fsr-3923	160	51	allocation	allocation	NOUN
fsr-3923	160	52	(	(	PUNCT
fsr-3923	160	53	ibbotson	ibbotson	PROPN
fsr-3923	160	54	&	&	CCONJ
fsr-3923	160	55	kaplan	kaplan	PROPN
fsr-3923	160	56	,	,	PUNCT
fsr-3923	160	57	2000	2000	NUM
fsr-3923	160	58	)	)	PUNCT
fsr-3923	160	59	and	and	CCONJ
fsr-3923	160	60	every	every	DET
fsr-3923	160	61	100	100	NUM
fsr-3923	160	62	basis	basis	NOUN
fsr-3923	160	63	points	point	NOUN
fsr-3923	160	64	of	of	ADP
fsr-3923	160	65	excess	excess	ADJ
fsr-3923	160	66	cost	cost	NOUN
fsr-3923	160	67	lowers	lower	VERB
fsr-3923	160	68	a	a	DET
fsr-3923	160	69	dc	dc	PROPN
fsr-3923	160	70	account	account	NOUN
fsr-3923	160	71	balance	balance	NOUN
fsr-3923	160	72	by	by	ADP
fsr-3923	160	73	approximately	approximately	ADV
fsr-3923	160	74	20	20	NUM
fsr-3923	160	75	%	%	NOUN
fsr-3923	160	76	over	over	ADP
fsr-3923	160	77	30	30	NUM
fsr-3923	160	78	years	year	NOUN
fsr-3923	160	79	.	.	PUNCT
fsr-3923	161	1	trustees	trustee	NOUN
fsr-3923	161	2	are	be	AUX
fsr-3923	161	3	also	also	ADV
fsr-3923	161	4	in	in	ADP
fsr-3923	161	5	a	a	DET
fsr-3923	161	6	position	position	NOUN
fsr-3923	161	7	to	to	PART
fsr-3923	161	8	utilize	utilize	VERB
fsr-3923	161	9	the	the	DET
fsr-3923	161	10	program	program	NOUN
fsr-3923	161	11	’s	’s	PART
fsr-3923	161	12	group	group	NOUN
fsr-3923	161	13	purchasing	purchasing	NOUN
fsr-3923	161	14	power	power	NOUN
fsr-3923	161	15	to	to	PART
fsr-3923	161	16	acquire	acquire	VERB
fsr-3923	161	17	a	a	DET
fsr-3923	161	18	standardized	standardized	ADJ
fsr-3923	161	19	package	package	NOUN
fsr-3923	161	20	of	of	ADP
fsr-3923	161	21	educational	educational	ADJ
fsr-3923	161	22	services	service	NOUN
fsr-3923	161	23	for	for	ADP
fsr-3923	161	24	substantially	substantially	ADV
fsr-3923	161	25	lower	low	ADJ
fsr-3923	161	26	cost	cost	NOUN
fsr-3923	161	27	than	than	SCONJ
fsr-3923	161	28	can	can	AUX
fsr-3923	161	29	be	be	AUX
fsr-3923	161	30	acquired	acquire	VERB
fsr-3923	161	31	by	by	ADP
fsr-3923	161	32	individuals	individual	NOUN
fsr-3923	161	33	at	at	ADP
fsr-3923	161	34	retail	retail	ADJ
fsr-3923	161	35	prices	price	NOUN
fsr-3923	161	36	.	.	PUNCT
fsr-3923	162	1	effectively	effectively	ADV
fsr-3923	162	2	,	,	PUNCT
fsr-3923	162	3	the	the	DET
fsr-3923	162	4	long	long	ADJ
fsr-3923	162	5	-	-	PUNCT
fsr-3923	162	6	term	term	NOUN
fsr-3923	162	7	cost	cost	NOUN
fsr-3923	162	8	to	to	ADP
fsr-3923	162	9	taxpayers	taxpayer	NOUN
fsr-3923	162	10	of	of	ADP
fsr-3923	162	11	a	a	DET
fsr-3923	162	12	dc	dc	PROPN
fsr-3923	162	13	program	program	NOUN
fsr-3923	162	14	should	should	AUX
fsr-3923	162	15	be	be	AUX
fsr-3923	162	16	lower	low	ADJ
fsr-3923	162	17	per	per	ADP
fsr-3923	162	18	dollar	dollar	NOUN
fsr-3923	162	19	of	of	ADP
fsr-3923	162	20	ultimate	ultimate	ADJ
fsr-3923	162	21	retirement	retirement	NOUN
fsr-3923	162	22	benefit	benefit	NOUN
fsr-3923	162	23	with	with	ADP
fsr-3923	162	24	relatively	relatively	ADV
fsr-3923	162	25	low	low	ADJ
fsr-3923	162	26	educational	educational	ADJ
fsr-3923	162	27	expenditures	expenditure	NOUN
fsr-3923	162	28	.	.	PUNCT
fsr-3923	163	1	of	of	ADP
fsr-3923	163	2	course	course	ADV
fsr-3923	163	3	,	,	PUNCT
fsr-3923	163	4	trustees	trustee	NOUN
fsr-3923	163	5	have	have	VERB
fsr-3923	163	6	a	a	DET
fsr-3923	163	7	duty	duty	NOUN
fsr-3923	163	8	to	to	PART
fsr-3923	163	9	monitor	monitor	VERB
fsr-3923	163	10	the	the	DET
fsr-3923	163	11	cost	cost	NOUN
fsr-3923	163	12	effectiveness	effectiveness	NOUN
fsr-3923	163	13	of	of	ADP
fsr-3923	163	14	their	their	PRON
fsr-3923	163	15	chosen	choose	VERB
fsr-3923	163	16	package	package	NOUN
fsr-3923	163	17	of	of	ADP
fsr-3923	163	18	educational	educational	ADJ
fsr-3923	163	19	services	service	NOUN
fsr-3923	163	20	,	,	PUNCT
fsr-3923	163	21	since	since	SCONJ
fsr-3923	163	22	they	they	PRON
fsr-3923	163	23	have	have	VERB
fsr-3923	163	24	a	a	DET
fsr-3923	163	25	duty	duty	NOUN
fsr-3923	163	26	to	to	PART
fsr-3923	163	27	incur	incur	VERB
fsr-3923	163	28	only	only	ADJ
fsr-3923	163	29	costs	cost	NOUN
fsr-3923	163	30	that	that	PRON
fsr-3923	163	31	are	be	AUX
fsr-3923	163	32	appropriate	appropriate	ADJ
fsr-3923	163	33	and	and	CCONJ
fsr-3923	163	34	reasonable	reasonable	ADJ
fsr-3923	163	35	.	.	PUNCT
fsr-3923	164	1	4	4	X
fsr-3923	164	2	.	.	X
fsr-3923	164	3	implications	implication	NOUN
fsr-3923	164	4	for	for	ADP
fsr-3923	164	5	general	general	ADJ
fsr-3923	164	6	program	program	NOUN
fsr-3923	164	7	design	design	NOUN
fsr-3923	164	8	and	and	CCONJ
fsr-3923	164	9	procurement	procurement	NOUN
fsr-3923	164	10	the	the	DET
fsr-3923	164	11	objectives	objective	NOUN
fsr-3923	164	12	imply	imply	VERB
fsr-3923	164	13	that	that	SCONJ
fsr-3923	164	14	the	the	DET
fsr-3923	164	15	selection	selection	NOUN
fsr-3923	164	16	of	of	ADP
fsr-3923	164	17	all	all	DET
fsr-3923	164	18	program	program	NOUN
fsr-3923	164	19	vendors	vendor	NOUN
fsr-3923	164	20	must	must	AUX
fsr-3923	164	21	be	be	AUX
fsr-3923	164	22	guided	guide	VERB
fsr-3923	164	23	by	by	ADP
fsr-3923	164	24	“	"	PUNCT
fsr-3923	164	25	best	good	ADJ
fsr-3923	164	26	-	-	PUNCT
fsr-3923	164	27	in	in	ADP
fsr-3923	164	28	-	-	PUNCT
fsr-3923	164	29	class	class	NOUN
fsr-3923	164	30	”	"	PUNCT
fsr-3923	164	31	principles	principle	NOUN
fsr-3923	164	32	,	,	PUNCT
fsr-3923	164	33	unless	unless	SCONJ
fsr-3923	164	34	there	there	PRON
fsr-3923	164	35	are	be	VERB
fsr-3923	164	36	significant	significant	ADJ
fsr-3923	164	37	perceived	perceive	VERB
fsr-3923	164	38	advantages	advantage	NOUN
fsr-3923	164	39	to	to	ADP
fsr-3923	164	40	purchasing	purchase	VERB
fsr-3923	164	41	products	product	NOUN
fsr-3923	164	42	and	and	CCONJ
fsr-3923	164	43	services	service	NOUN
fsr-3923	164	44	bundled	bundle	VERB
fsr-3923	164	45	.	.	PUNCT
fsr-3923	165	1	however	however	ADV
fsr-3923	165	2	,	,	PUNCT
fsr-3923	165	3	there	there	PRON
fsr-3923	165	4	are	be	VERB
fsr-3923	165	5	several	several	ADJ
fsr-3923	165	6	compelling	compelling	ADJ
fsr-3923	165	7	arguments	argument	NOUN
fsr-3923	165	8	for	for	ADP
fsr-3923	165	9	pursuing	pursue	VERB
fsr-3923	165	10	an	an	DET
fsr-3923	165	11	unbundled	unbundled	ADJ
fsr-3923	165	12	architecture	architecture	NOUN
fsr-3923	165	13	with	with	ADP
fsr-3923	165	14	separately	separately	ADV
fsr-3923	165	15	negotiated	negotiate	VERB
fsr-3923	165	16	and	and	CCONJ
fsr-3923	165	17	procured	procured	ADJ
fsr-3923	165	18	investment	investment	NOUN
fsr-3923	165	19	,	,	PUNCT
fsr-3923	165	20	admin205k.w	admin205k.w	NOUN
fsr-3923	165	21	.	.	PUNCT
fsr-3923	166	1	sigrist	sigrist	PROPN
fsr-3923	166	2	,	,	PUNCT
fsr-3923	166	3	s.l	s.l	PROPN
fsr-3923	166	4	.	.	PROPN
fsr-3923	166	5	brown	brown	ADJ
fsr-3923	166	6	/	/	SYM
fsr-3923	166	7	financial	financial	ADJ
fsr-3923	166	8	services	service	NOUN
fsr-3923	166	9	review	review	VERB
fsr-3923	166	10	9	9	NUM
fsr-3923	166	11	(	(	PUNCT
fsr-3923	166	12	2000	2000	NUM
fsr-3923	166	13	)	)	PUNCT
fsr-3923	166	14	197–218	197–218	NUM
fsr-3923	166	15	istrative	istrative	ADJ
fsr-3923	166	16	and	and	CCONJ
fsr-3923	166	17	education	education	NOUN
fsr-3923	166	18	services	service	NOUN
fsr-3923	166	19	.	.	PUNCT
fsr-3923	167	1	first	first	ADV
fsr-3923	167	2	,	,	PUNCT
fsr-3923	167	3	it	it	PRON
fsr-3923	167	4	enhances	enhance	VERB
fsr-3923	167	5	the	the	DET
fsr-3923	167	6	trustees	trustee	NOUN
fsr-3923	167	7	’	'	PUNCT
fsr-3923	167	8	negotiating	negotiate	VERB
fsr-3923	167	9	position	position	NOUN
fsr-3923	167	10	,	,	PUNCT
fsr-3923	167	11	as	as	ADP
fsr-3923	167	12	the	the	DET
fsr-3923	167	13	purchasing	purchase	VERB
fsr-3923	167	14	agent	agent	NOUN
fsr-3923	167	15	for	for	ADP
fsr-3923	167	16	the	the	DET
fsr-3923	167	17	participants	participant	NOUN
fsr-3923	167	18	.	.	PUNCT
fsr-3923	168	1	second	second	ADJ
fsr-3923	168	2	,	,	PUNCT
fsr-3923	168	3	it	it	PRON
fsr-3923	168	4	provides	provide	VERB
fsr-3923	168	5	the	the	DET
fsr-3923	168	6	opportunity	opportunity	NOUN
fsr-3923	168	7	for	for	ADP
fsr-3923	168	8	a	a	DET
fsr-3923	168	9	full	full	ADJ
fsr-3923	168	10	disclosure	disclosure	NOUN
fsr-3923	168	11	and	and	CCONJ
fsr-3923	168	12	review	review	NOUN
fsr-3923	168	13	of	of	ADP
fsr-3923	168	14	performance	performance	NOUN
fsr-3923	168	15	and	and	CCONJ
fsr-3923	168	16	all	all	DET
fsr-3923	168	17	costs	cost	NOUN
fsr-3923	168	18	borne	bear	VERB
fsr-3923	168	19	by	by	ADP
fsr-3923	168	20	participants	participant	NOUN
fsr-3923	168	21	and	and	CCONJ
fsr-3923	168	22	taxpayers	taxpayer	NOUN
fsr-3923	168	23	.	.	PUNCT
fsr-3923	169	1	importantly	importantly	ADV
fsr-3923	169	2	,	,	PUNCT
fsr-3923	169	3	investment	investment	NOUN
fsr-3923	169	4	and	and	CCONJ
fsr-3923	169	5	administrative	administrative	ADJ
fsr-3923	169	6	services	service	NOUN
fsr-3923	169	7	are	be	AUX
fsr-3923	169	8	subject	subject	ADJ
fsr-3923	169	9	to	to	ADP
fsr-3923	169	10	different	different	ADJ
fsr-3923	169	11	cost	cost	NOUN
fsr-3923	169	12	economics	economic	NOUN
fsr-3923	169	13	and	and	CCONJ
fsr-3923	169	14	there	there	PRON
fsr-3923	169	15	appears	appear	VERB
fsr-3923	169	16	to	to	PART
fsr-3923	169	17	be	be	AUX
fsr-3923	169	18	significantly	significantly	ADV
fsr-3923	169	19	different	different	ADJ
fsr-3923	169	20	price	price	NOUN
fsr-3923	169	21	structures	structure	NOUN
fsr-3923	169	22	in	in	ADP
fsr-3923	169	23	the	the	DET
fsr-3923	169	24	retail	retail	ADJ
fsr-3923	169	25	and	and	CCONJ
fsr-3923	169	26	wholesale	wholesale	ADJ
fsr-3923	169	27	/	/	SYM
fsr-3923	169	28	institutional	institutional	ADJ
fsr-3923	169	29	marketplaces	marketplace	NOUN
fsr-3923	169	30	(	(	PUNCT
fsr-3923	169	31	a	a	DET
fsr-3923	169	32	point	point	NOUN
fsr-3923	169	33	we	we	PRON
fsr-3923	169	34	empirically	empirically	ADV
fsr-3923	169	35	test	test	VERB
fsr-3923	169	36	below	below	ADP
fsr-3923	169	37	)	)	PUNCT
fsr-3923	169	38	.	.	PUNCT
fsr-3923	170	1	for	for	ADP
fsr-3923	170	2	instance	instance	NOUN
fsr-3923	170	3	,	,	PUNCT
fsr-3923	170	4	a	a	DET
fsr-3923	170	5	u.s	u.s	PROPN
fsr-3923	170	6	.	.	PROPN
fsr-3923	170	7	department	department	PROPN
fsr-3923	170	8	of	of	ADP
fsr-3923	170	9	labor	labor	NOUN
fsr-3923	170	10	(	(	PUNCT
fsr-3923	170	11	1998	1998	NUM
fsr-3923	170	12	)	)	PUNCT
fsr-3923	170	13	report	report	NOUN
fsr-3923	170	14	on	on	ADP
fsr-3923	170	15	401(k	401(k	NOUN
fsr-3923	170	16	)	)	PUNCT
fsr-3923	170	17	costs	cost	NOUN
fsr-3923	170	18	stated	state	VERB
fsr-3923	170	19	:	:	PUNCT
fsr-3923	170	20	“	"	PUNCT
fsr-3923	170	21	larger	large	ADJ
fsr-3923	170	22	plans	plan	NOUN
fsr-3923	170	23	enjoy	enjoy	VERB
fsr-3923	170	24	potentially	potentially	ADV
fsr-3923	170	25	significant	significant	ADJ
fsr-3923	170	26	economies	economy	NOUN
fsr-3923	170	27	of	of	ADP
fsr-3923	170	28	scale	scale	NOUN
fsr-3923	170	29	.	.	PUNCT
fsr-3923	171	1	in	in	ADP
fsr-3923	171	2	the	the	DET
fsr-3923	171	3	case	case	NOUN
fsr-3923	171	4	of	of	ADP
fsr-3923	171	5	investment	investment	NOUN
fsr-3923	171	6	expenses	expense	NOUN
fsr-3923	171	7	,	,	PUNCT
fsr-3923	171	8	they	they	PRON
fsr-3923	171	9	have	have	VERB
fsr-3923	171	10	access	access	NOUN
fsr-3923	171	11	to	to	ADP
fsr-3923	171	12	more	more	ADJ
fsr-3923	171	13	providers	provider	NOUN
fsr-3923	171	14	offering	offer	VERB
fsr-3923	171	15	a	a	DET
fsr-3923	171	16	wide	wide	ADJ
fsr-3923	171	17	range	range	NOUN
fsr-3923	171	18	of	of	ADP
fsr-3923	171	19	investment	investment	NOUN
fsr-3923	171	20	vehicles	vehicle	NOUN
fsr-3923	171	21	at	at	ADP
fsr-3923	171	22	lower	low	ADJ
fsr-3923	171	23	cost	cost	NOUN
fsr-3923	171	24	.	.	PUNCT
fsr-3923	172	1	very	very	ADV
fsr-3923	172	2	large	large	ADJ
fsr-3923	172	3	plans	plan	NOUN
fsr-3923	172	4	may	may	AUX
fsr-3923	172	5	be	be	AUX
fsr-3923	172	6	able	able	ADJ
fsr-3923	172	7	to	to	PART
fsr-3923	172	8	reduce	reduce	VERB
fsr-3923	172	9	investment	investment	NOUN
fsr-3923	172	10	expense	expense	NOUN
fsr-3923	172	11	even	even	ADV
fsr-3923	172	12	more	more	ADV
fsr-3923	172	13	through	through	ADP
fsr-3923	172	14	fee	fee	NOUN
fsr-3923	172	15	-	-	PUNCT
fsr-3923	172	16	reduction	reduction	NOUN
fsr-3923	172	17	negotiations	negotiation	NOUN
fsr-3923	172	18	with	with	ADP
fsr-3923	172	19	the	the	DET
fsr-3923	172	20	providers	provider	NOUN
fsr-3923	172	21	or	or	CCONJ
fsr-3923	172	22	use	use	VERB
fsr-3923	172	23	lower	low	ADJ
fsr-3923	172	24	-	-	PUNCT
fsr-3923	172	25	cost	cost	NOUN
fsr-3923	172	26	institutional	institutional	ADJ
fsr-3923	172	27	accounts	account	NOUN
fsr-3923	172	28	.	.	PUNCT
fsr-3923	173	1	in	in	ADP
fsr-3923	173	2	other	other	ADJ
fsr-3923	173	3	expense	expense	NOUN
fsr-3923	173	4	categories	category	NOUN
fsr-3923	173	5	,	,	PUNCT
fsr-3923	173	6	the	the	DET
fsr-3923	173	7	combination	combination	NOUN
fsr-3923	173	8	of	of	ADP
fsr-3923	173	9	flat	flat	ADJ
fsr-3923	173	10	(	(	PUNCT
fsr-3923	173	11	or	or	CCONJ
fsr-3923	173	12	nearly	nearly	ADV
fsr-3923	173	13	flat	flat	ADJ
fsr-3923	173	14	)	)	PUNCT
fsr-3923	173	15	fees	fee	NOUN
fsr-3923	173	16	regardless	regardless	ADV
fsr-3923	173	17	of	of	ADP
fsr-3923	173	18	plan	plan	NOUN
fsr-3923	173	19	size	size	NOUN
fsr-3923	173	20	,	,	PUNCT
fsr-3923	173	21	plus	plus	CCONJ
fsr-3923	173	22	declining	decline	VERB
fsr-3923	173	23	per	per	ADP
fsr-3923	173	24	-	-	PUNCT
fsr-3923	173	25	capita	capita	NOUN
fsr-3923	173	26	charges	charge	NOUN
fsr-3923	173	27	for	for	ADP
fsr-3923	173	28	basic	basic	ADJ
fsr-3923	173	29	administration	administration	NOUN
fsr-3923	173	30	fee	fee	NOUN
fsr-3923	173	31	,	,	PUNCT
fsr-3923	173	32	reduce	reduce	VERB
fsr-3923	173	33	per	per	ADP
fsr-3923	173	34	-	-	PUNCT
fsr-3923	173	35	participant	participant	ADJ
fsr-3923	173	36	administrative	administrative	ADJ
fsr-3923	173	37	costs	cost	NOUN
fsr-3923	173	38	among	among	ADP
fsr-3923	173	39	larger	large	ADJ
fsr-3923	173	40	plans	plan	NOUN
fsr-3923	173	41	.	.	PUNCT
fsr-3923	173	42	”	"	PUNCT
fsr-3923	174	1	finally	finally	ADV
fsr-3923	174	2	,	,	PUNCT
fsr-3923	174	3	an	an	DET
fsr-3923	174	4	independent	independent	ADJ
fsr-3923	174	5	education	education	NOUN
fsr-3923	174	6	vendor	vendor	NOUN
fsr-3923	174	7	is	be	AUX
fsr-3923	174	8	needed	need	VERB
fsr-3923	174	9	to	to	PART
fsr-3923	174	10	provide	provide	VERB
fsr-3923	174	11	participants	participant	NOUN
fsr-3923	174	12	with	with	ADP
fsr-3923	174	13	impartial	impartial	ADJ
fsr-3923	174	14	and	and	CCONJ
fsr-3923	174	15	balanced	balanced	ADJ
fsr-3923	174	16	information	information	NOUN
fsr-3923	174	17	about	about	ADP
fsr-3923	174	18	investment	investment	NOUN
fsr-3923	174	19	choices	choice	NOUN
fsr-3923	174	20	.	.	PUNCT
fsr-3923	175	1	an	an	DET
fsr-3923	175	2	independent	independent	ADJ
fsr-3923	175	3	educator	educator	NOUN
fsr-3923	175	4	can	can	AUX
fsr-3923	175	5	sidestep	sidestep	VERB
fsr-3923	175	6	the	the	DET
fsr-3923	175	7	inherent	inherent	ADJ
fsr-3923	175	8	conflicts	conflict	NOUN
fsr-3923	175	9	of	of	ADP
fsr-3923	175	10	interest	interest	NOUN
fsr-3923	175	11	that	that	PRON
fsr-3923	175	12	arise	arise	VERB
fsr-3923	175	13	when	when	SCONJ
fsr-3923	175	14	an	an	DET
fsr-3923	175	15	investment	investment	NOUN
fsr-3923	175	16	product	product	NOUN
fsr-3923	175	17	vendor	vendor	NOUN
fsr-3923	175	18	educates	educate	VERB
fsr-3923	175	19	and	and	CCONJ
fsr-3923	175	20	counsels	counsel	NOUN
fsr-3923	175	21	on	on	ADP
fsr-3923	175	22	asset	asset	NOUN
fsr-3923	175	23	allocation	allocation	NOUN
fsr-3923	175	24	,	,	PUNCT
fsr-3923	175	25	financial	financial	ADJ
fsr-3923	175	26	planning	planning	NOUN
fsr-3923	175	27	issues	issue	NOUN
fsr-3923	175	28	and	and	CCONJ
fsr-3923	175	29	investment	investment	NOUN
fsr-3923	175	30	fees	fee	NOUN
fsr-3923	175	31	/	/	SYM
fsr-3923	175	32	costs	cost	NOUN
fsr-3923	175	33	in	in	ADP
fsr-3923	175	34	the	the	DET
fsr-3923	175	35	context	context	NOUN
fsr-3923	175	36	of	of	ADP
fsr-3923	175	37	their	their	PRON
fsr-3923	175	38	products	product	NOUN
fsr-3923	175	39	.	.	PUNCT
fsr-3923	176	1	an	an	DET
fsr-3923	176	2	independent	independent	ADJ
fsr-3923	176	3	education	education	NOUN
fsr-3923	176	4	vendor	vendor	NOUN
fsr-3923	176	5	is	be	AUX
fsr-3923	176	6	also	also	ADV
fsr-3923	176	7	the	the	DET
fsr-3923	176	8	natural	natural	ADJ
fsr-3923	176	9	agent	agent	NOUN
fsr-3923	176	10	to	to	PART
fsr-3923	176	11	empower	empower	VERB
fsr-3923	176	12	participants	participant	NOUN
fsr-3923	176	13	with	with	ADP
fsr-3923	176	14	regular	regular	ADJ
fsr-3923	176	15	,	,	PUNCT
fsr-3923	176	16	understandable	understandable	ADJ
fsr-3923	176	17	and	and	CCONJ
fsr-3923	176	18	standardized	standardized	ADJ
fsr-3923	176	19	disclosure	disclosure	NOUN
fsr-3923	176	20	of	of	ADP
fsr-3923	176	21	product	product	NOUN
fsr-3923	176	22	fees	fee	NOUN
fsr-3923	176	23	and	and	CCONJ
fsr-3923	176	24	investment	investment	NOUN
fsr-3923	176	25	option	option	NOUN
fsr-3923	176	26	performance	performance	NOUN
fsr-3923	176	27	versus	versus	ADP
fsr-3923	176	28	market	market	NOUN
fsr-3923	176	29	index	index	NOUN
fsr-3923	176	30	benchmarks	benchmark	NOUN
fsr-3923	176	31	.	.	PUNCT
fsr-3923	177	1	5	5	X
fsr-3923	177	2	.	.	X
fsr-3923	177	3	implications	implication	NOUN
fsr-3923	177	4	for	for	ADP
fsr-3923	177	5	investment	investment	NOUN
fsr-3923	177	6	program	program	NOUN
fsr-3923	177	7	design	design	NOUN
fsr-3923	177	8	and	and	CCONJ
fsr-3923	177	9	procurement	procurement	NOUN
fsr-3923	177	10	the	the	DET
fsr-3923	177	11	number	number	NOUN
fsr-3923	177	12	and	and	CCONJ
fsr-3923	177	13	types	type	NOUN
fsr-3923	177	14	of	of	ADP
fsr-3923	177	15	investment	investment	NOUN
fsr-3923	177	16	options	option	NOUN
fsr-3923	177	17	offered	offer	VERB
fsr-3923	177	18	in	in	ADP
fsr-3923	177	19	a	a	DET
fsr-3923	177	20	dc	dc	PROPN
fsr-3923	177	21	plan	plan	NOUN
fsr-3923	177	22	are	be	AUX
fsr-3923	177	23	critical	critical	ADJ
fsr-3923	177	24	.	.	PUNCT
fsr-3923	178	1	the	the	DET
fsr-3923	178	2	overriding	override	VERB
fsr-3923	178	3	objective	objective	NOUN
fsr-3923	178	4	should	should	AUX
fsr-3923	178	5	be	be	AUX
fsr-3923	178	6	to	to	PART
fsr-3923	178	7	provide	provide	VERB
fsr-3923	178	8	a	a	DET
fsr-3923	178	9	range	range	NOUN
fsr-3923	178	10	of	of	ADP
fsr-3923	178	11	options	option	NOUN
fsr-3923	178	12	that	that	PRON
fsr-3923	178	13	allows	allow	VERB
fsr-3923	178	14	participants	participant	NOUN
fsr-3923	178	15	to	to	PART
fsr-3923	178	16	choose	choose	VERB
fsr-3923	178	17	a	a	DET
fsr-3923	178	18	point	point	NOUN
fsr-3923	178	19	as	as	ADV
fsr-3923	178	20	close	close	ADJ
fsr-3923	178	21	as	as	ADP
fsr-3923	178	22	possible	possible	ADJ
fsr-3923	178	23	to	to	ADP
fsr-3923	178	24	the	the	DET
fsr-3923	178	25	efficient	efficient	ADJ
fsr-3923	178	26	frontier	frontier	NOUN
fsr-3923	178	27	consistent	consistent	ADJ
fsr-3923	178	28	with	with	ADP
fsr-3923	178	29	individual	individual	ADJ
fsr-3923	178	30	risk	risk	NOUN
fsr-3923	178	31	preferences	preference	NOUN
fsr-3923	178	32	.	.	PUNCT
fsr-3923	179	1	within	within	ADP
fsr-3923	179	2	the	the	DET
fsr-3923	179	3	context	context	NOUN
fsr-3923	179	4	of	of	ADP
fsr-3923	179	5	the	the	DET
fsr-3923	179	6	program	program	NOUN
fsr-3923	179	7	objectives	objective	NOUN
fsr-3923	179	8	,	,	PUNCT
fsr-3923	179	9	investment	investment	NOUN
fsr-3923	179	10	options	option	NOUN
fsr-3923	179	11	should	should	AUX
fsr-3923	179	12	be	be	AUX
fsr-3923	179	13	consistent	consistent	ADJ
fsr-3923	179	14	with	with	ADP
fsr-3923	179	15	mpt	mpt	PROPN
fsr-3923	179	16	,	,	PUNCT
fsr-3923	179	17	finance	finance	NOUN
fsr-3923	179	18	theory	theory	NOUN
fsr-3923	179	19	and	and	CCONJ
fsr-3923	179	20	best	good	ADJ
fsr-3923	179	21	practices	practice	NOUN
fsr-3923	179	22	.	.	PUNCT
fsr-3923	180	1	there	there	PRON
fsr-3923	180	2	are	be	VERB
fsr-3923	180	3	three	three	NUM
fsr-3923	180	4	interrelated	interrelated	ADJ
fsr-3923	180	5	issues	issue	NOUN
fsr-3923	180	6	influencing	influence	VERB
fsr-3923	180	7	the	the	DET
fsr-3923	180	8	number	number	NOUN
fsr-3923	180	9	and	and	CCONJ
fsr-3923	180	10	types	type	NOUN
fsr-3923	180	11	of	of	ADP
fsr-3923	180	12	investment	investment	NOUN
fsr-3923	180	13	options	option	NOUN
fsr-3923	180	14	:	:	PUNCT
fsr-3923	180	15	diversification	diversification	NOUN
fsr-3923	180	16	,	,	PUNCT
fsr-3923	180	17	costs	cost	NOUN
fsr-3923	180	18	and	and	CCONJ
fsr-3923	180	19	active	active	ADJ
fsr-3923	180	20	management	management	NOUN
fsr-3923	180	21	.	.	PUNCT
fsr-3923	181	1	assume	assume	VERB
fsr-3923	181	2	for	for	ADP
fsr-3923	181	3	a	a	DET
fsr-3923	181	4	moment	moment	NOUN
fsr-3923	181	5	that	that	SCONJ
fsr-3923	181	6	markets	market	NOUN
fsr-3923	181	7	are	be	AUX
fsr-3923	181	8	perfectly	perfectly	ADV
fsr-3923	181	9	efficient	efficient	ADJ
fsr-3923	181	10	and	and	CCONJ
fsr-3923	181	11	consider	consider	VERB
fsr-3923	181	12	the	the	DET
fsr-3923	181	13	issue	issue	NOUN
fsr-3923	181	14	of	of	ADP
fsr-3923	181	15	diversification	diversification	NOUN
fsr-3923	181	16	.	.	PUNCT
fsr-3923	182	1	in	in	ADP
fsr-3923	182	2	a	a	DET
fsr-3923	182	3	perfectly	perfectly	ADV
fsr-3923	182	4	efficient	efficient	ADJ
fsr-3923	182	5	market	market	NOUN
fsr-3923	182	6	,	,	PUNCT
fsr-3923	182	7	index	index	NOUN
fsr-3923	182	8	funds	fund	NOUN
fsr-3923	182	9	are	be	AUX
fsr-3923	182	10	the	the	DET
fsr-3923	182	11	investment	investment	NOUN
fsr-3923	182	12	vehicle	vehicle	NOUN
fsr-3923	182	13	of	of	ADP
fsr-3923	182	14	choice	choice	NOUN
fsr-3923	182	15	and	and	CCONJ
fsr-3923	182	16	investment	investment	NOUN
fsr-3923	182	17	management	management	NOUN
fsr-3923	182	18	costs	cost	NOUN
fsr-3923	182	19	are	be	AUX
fsr-3923	182	20	minimal	minimal	ADJ
fsr-3923	182	21	.	.	PUNCT
fsr-3923	183	1	how	how	SCONJ
fsr-3923	183	2	many	many	ADJ
fsr-3923	183	3	and	and	CCONJ
fsr-3923	183	4	what	what	PRON
fsr-3923	183	5	types	type	NOUN
fsr-3923	183	6	of	of	ADP
fsr-3923	183	7	investment	investment	NOUN
fsr-3923	183	8	vehicles	vehicle	NOUN
fsr-3923	183	9	are	be	AUX
fsr-3923	183	10	necessary	necessary	ADJ
fsr-3923	183	11	to	to	PART
fsr-3923	183	12	“	"	PUNCT
fsr-3923	183	13	span	span	VERB
fsr-3923	183	14	the	the	DET
fsr-3923	183	15	risk	risk	NOUN
fsr-3923	183	16	/	/	SYM
fsr-3923	183	17	return	return	NOUN
fsr-3923	183	18	spectrum	spectrum	NOUN
fsr-3923	183	19	?	?	PUNCT
fsr-3923	183	20	”	"	PUNCT
fsr-3923	183	21	at	at	ADV
fsr-3923	183	22	least	least	ADJ
fsr-3923	183	23	three	three	NUM
fsr-3923	183	24	:	:	PUNCT
fsr-3923	183	25	us	us	PROPN
fsr-3923	183	26	stocks	stock	NOUN
fsr-3923	183	27	,	,	PUNCT
fsr-3923	183	28	us	us	PROPN
fsr-3923	183	29	bonds	bond	NOUN
fsr-3923	183	30	and	and	CCONJ
fsr-3923	183	31	cash	cash	NOUN
fsr-3923	183	32	equivalents	equivalent	NOUN
fsr-3923	183	33	.	.	PUNCT
fsr-3923	184	1	for	for	ADP
fsr-3923	184	2	many	many	ADJ
fsr-3923	184	3	years	year	NOUN
fsr-3923	184	4	,	,	PUNCT
fsr-3923	184	5	those	those	PRON
fsr-3923	184	6	were	be	AUX
fsr-3923	184	7	essentially	essentially	ADV
fsr-3923	184	8	the	the	DET
fsr-3923	184	9	options	option	NOUN
fsr-3923	184	10	available	available	ADJ
fsr-3923	184	11	to	to	ADP
fsr-3923	184	12	federal	federal	ADJ
fsr-3923	184	13	employees	employee	NOUN
fsr-3923	184	14	in	in	ADP
fsr-3923	184	15	the	the	DET
fsr-3923	184	16	federal	federal	ADJ
fsr-3923	184	17	thrift	thrift	NOUN
fsr-3923	184	18	savings	saving	NOUN
fsr-3923	184	19	plan	plan	NOUN
fsr-3923	184	20	.	.	PUNCT
fsr-3923	185	1	these	these	DET
fsr-3923	185	2	three	three	NUM
fsr-3923	185	3	choices	choice	NOUN
fsr-3923	185	4	minimally	minimally	ADV
fsr-3923	185	5	meet	meet	VERB
fsr-3923	185	6	the	the	DET
fsr-3923	185	7	diversification	diversification	NOUN
fsr-3923	185	8	requirement	requirement	NOUN
fsr-3923	185	9	of	of	ADP
fsr-3923	185	10	404(c	404(c	PROPN
fsr-3923	185	11	)	)	PUNCT
fsr-3923	185	12	.	.	PUNCT
fsr-3923	186	1	however	however	ADV
fsr-3923	186	2	,	,	PUNCT
fsr-3923	186	3	we	we	PRON
fsr-3923	186	4	would	would	AUX
fsr-3923	186	5	argue	argue	VERB
fsr-3923	186	6	this	this	DET
fsr-3923	186	7	concise	concise	ADJ
fsr-3923	186	8	list	list	NOUN
fsr-3923	186	9	should	should	AUX
fsr-3923	186	10	be	be	AUX
fsr-3923	186	11	expanded	expand	VERB
fsr-3923	186	12	to	to	PART
fsr-3923	186	13	include	include	VERB
fsr-3923	186	14	two	two	NUM
fsr-3923	186	15	categories	category	NOUN
fsr-3923	186	16	:	:	PUNCT
fsr-3923	186	17	foreign	foreign	ADJ
fsr-3923	186	18	stocks	stock	NOUN
fsr-3923	186	19	and	and	CCONJ
fsr-3923	186	20	inflation	inflation	NOUN
fsr-3923	186	21	-	-	PUNCT
fsr-3923	186	22	indexed	index	VERB
fsr-3923	186	23	bonds	bond	NOUN
fsr-3923	186	24	.	.	PUNCT
fsr-3923	187	1	an	an	DET
fsr-3923	187	2	asset	asset	NOUN
fsr-3923	187	3	type	type	NOUN
fsr-3923	187	4	should	should	AUX
fsr-3923	187	5	be	be	AUX
fsr-3923	187	6	defined	define	VERB
fsr-3923	187	7	at	at	ADP
fsr-3923	187	8	the	the	DET
fsr-3923	187	9	highest	high	ADJ
fsr-3923	187	10	pragmatic	pragmatic	ADJ
fsr-3923	187	11	level	level	NOUN
fsr-3923	187	12	of	of	ADP
fsr-3923	187	13	aggregation	aggregation	NOUN
fsr-3923	187	14	possible	possible	ADJ
fsr-3923	187	15	,	,	PUNCT
fsr-3923	187	16	where	where	SCONJ
fsr-3923	187	17	the	the	DET
fsr-3923	187	18	next	next	ADJ
fsr-3923	187	19	highest	high	ADJ
fsr-3923	187	20	level	level	NOUN
fsr-3923	187	21	of	of	ADP
fsr-3923	187	22	aggregation	aggregation	NOUN
fsr-3923	187	23	would	would	AUX
fsr-3923	187	24	combine	combine	VERB
fsr-3923	187	25	securities	security	NOUN
fsr-3923	187	26	with	with	ADP
fsr-3923	187	27	materially	materially	ADV
fsr-3923	187	28	different	different	ADJ
fsr-3923	187	29	legal	legal	ADJ
fsr-3923	187	30	,	,	PUNCT
fsr-3923	187	31	financial	financial	ADJ
fsr-3923	187	32	and	and	CCONJ
fsr-3923	187	33	economic	economic	ADJ
fsr-3923	187	34	characteristics	characteristic	NOUN
fsr-3923	187	35	.	.	PUNCT
fsr-3923	188	1	foreign	foreign	ADJ
fsr-3923	188	2	206	206	NUM
fsr-3923	188	3	k.w	k.w	PROPN
fsr-3923	188	4	.	.	PROPN
fsr-3923	188	5	sigrist	sigrist	PROPN
fsr-3923	188	6	,	,	PUNCT
fsr-3923	188	7	s.l	s.l	PROPN
fsr-3923	188	8	.	.	PROPN
fsr-3923	188	9	brown	brown	ADJ
fsr-3923	188	10	/	/	SYM
fsr-3923	188	11	financial	financial	ADJ
fsr-3923	188	12	services	service	NOUN
fsr-3923	188	13	review	review	VERB
fsr-3923	188	14	9	9	NUM
fsr-3923	188	15	(	(	PUNCT
fsr-3923	188	16	2000	2000	NUM
fsr-3923	188	17	)	)	PUNCT
fsr-3923	188	18	197–218	197–218	NUM
fsr-3923	188	19	stocks	stock	NOUN
fsr-3923	188	20	and	and	CCONJ
fsr-3923	188	21	inflation	inflation	NOUN
fsr-3923	188	22	-	-	PUNCT
fsr-3923	188	23	indexed	index	VERB
fsr-3923	188	24	bonds	bond	NOUN
fsr-3923	188	25	have	have	VERB
fsr-3923	188	26	materially	materially	ADV
fsr-3923	188	27	different	different	ADJ
fsr-3923	188	28	characteristics	characteristic	NOUN
fsr-3923	188	29	than	than	ADP
fsr-3923	188	30	the	the	DET
fsr-3923	188	31	three	three	NUM
fsr-3923	188	32	options	option	NOUN
fsr-3923	188	33	.	.	PUNCT
fsr-3923	189	1	providing	provide	VERB
fsr-3923	189	2	five	five	NUM
fsr-3923	189	3	index	index	NOUN
fsr-3923	189	4	fund	fund	NOUN
fsr-3923	189	5	options	option	NOUN
fsr-3923	189	6	representing	represent	VERB
fsr-3923	189	7	the	the	DET
fsr-3923	189	8	broadest	broad	ADJ
fsr-3923	189	9	representations	representation	NOUN
fsr-3923	189	10	of	of	ADP
fsr-3923	189	11	these	these	DET
fsr-3923	189	12	asset	asset	NOUN
fsr-3923	189	13	categories	category	NOUN
fsr-3923	189	14	would	would	AUX
fsr-3923	189	15	minimally	minimally	ADV
fsr-3923	189	16	satisfy	satisfy	VERB
fsr-3923	189	17	the	the	DET
fsr-3923	189	18	program	program	NOUN
fsr-3923	189	19	’s	’s	PART
fsr-3923	189	20	investment	investment	NOUN
fsr-3923	189	21	objectives	objective	NOUN
fsr-3923	189	22	.	.	PUNCT
fsr-3923	190	1	among	among	ADP
fsr-3923	190	2	the	the	DET
fsr-3923	190	3	set	set	NOUN
fsr-3923	190	4	of	of	ADP
fsr-3923	190	5	liquid	liquid	NOUN
fsr-3923	190	6	,	,	PUNCT
fsr-3923	190	7	highly	highly	ADV
fsr-3923	190	8	diversified	diversified	ADJ
fsr-3923	190	9	and	and	CCONJ
fsr-3923	190	10	unleveraged	unleveraged	ADJ
fsr-3923	190	11	portfolios	portfolio	NOUN
fsr-3923	190	12	composed	compose	VERB
fsr-3923	190	13	of	of	ADP
fsr-3923	190	14	public	public	ADJ
fsr-3923	190	15	market	market	NOUN
fsr-3923	190	16	securities	security	NOUN
fsr-3923	190	17	,	,	PUNCT
fsr-3923	190	18	these	these	DET
fsr-3923	190	19	five	five	NUM
fsr-3923	190	20	index	index	NOUN
fsr-3923	190	21	options	option	NOUN
fsr-3923	190	22	would	would	AUX
fsr-3923	190	23	qualify	qualify	VERB
fsr-3923	190	24	as	as	ADP
fsr-3923	190	25	low	low	ADJ
fsr-3923	190	26	-	-	PUNCT
fsr-3923	190	27	cost	cost	NOUN
fsr-3923	190	28	and	and	CCONJ
fsr-3923	190	29	effectively	effectively	ADV
fsr-3923	190	30	span	span	VERB
fsr-3923	190	31	the	the	DET
fsr-3923	190	32	lion	lion	NOUN
fsr-3923	190	33	’s	’s	PART
fsr-3923	190	34	share	share	NOUN
fsr-3923	190	35	of	of	ADP
fsr-3923	190	36	the	the	DET
fsr-3923	190	37	risk	risk	NOUN
fsr-3923	190	38	and	and	CCONJ
fsr-3923	190	39	return	return	VERB
fsr-3923	190	40	spectrum	spectrum	NOUN
fsr-3923	190	41	.	.	PUNCT
fsr-3923	191	1	importantly	importantly	ADV
fsr-3923	191	2	,	,	PUNCT
fsr-3923	191	3	these	these	DET
fsr-3923	191	4	options	option	NOUN
fsr-3923	191	5	span	span	VERB
fsr-3923	191	6	the	the	DET
fsr-3923	191	7	short	short	ADJ
fsr-3923	191	8	-	-	PUNCT
fsr-3923	191	9	term	term	NOUN
fsr-3923	191	10	market	market	NOUN
fsr-3923	191	11	risk	risk	NOUN
fsr-3923	191	12	dimension	dimension	NOUN
fsr-3923	191	13	and	and	CCONJ
fsr-3923	191	14	the	the	DET
fsr-3923	191	15	long	long	ADJ
fsr-3923	191	16	-	-	PUNCT
fsr-3923	191	17	term	term	NOUN
fsr-3923	191	18	income	income	NOUN
fsr-3923	191	19	replacement	replacement	NOUN
fsr-3923	191	20	risk	risk	NOUN
fsr-3923	191	21	dimension	dimension	NOUN
fsr-3923	191	22	.	.	PUNCT
fsr-3923	192	1	the	the	DET
fsr-3923	192	2	latter	latter	ADJ
fsr-3923	192	3	is	be	AUX
fsr-3923	192	4	defined	define	VERB
fsr-3923	192	5	by	by	ADP
fsr-3923	192	6	the	the	DET
fsr-3923	192	7	possibility	possibility	NOUN
fsr-3923	192	8	that	that	SCONJ
fsr-3923	192	9	a	a	DET
fsr-3923	192	10	participant	participant	NOUN
fsr-3923	192	11	’s	’s	PART
fsr-3923	192	12	account	account	NOUN
fsr-3923	192	13	balance	balance	NOUN
fsr-3923	192	14	will	will	AUX
fsr-3923	192	15	prove	prove	VERB
fsr-3923	192	16	to	to	PART
fsr-3923	192	17	be	be	AUX
fsr-3923	192	18	insufficient	insufficient	ADJ
fsr-3923	192	19	to	to	PART
fsr-3923	192	20	maintain	maintain	VERB
fsr-3923	192	21	a	a	DET
fsr-3923	192	22	reasonable	reasonable	ADJ
fsr-3923	192	23	post	post	ADJ
fsr-3923	192	24	-	-	ADJ
fsr-3923	192	25	retirement	retirement	ADJ
fsr-3923	192	26	standard	standard	NOUN
fsr-3923	192	27	of	of	ADP
fsr-3923	192	28	living	living	NOUN
fsr-3923	192	29	.	.	PUNCT
fsr-3923	193	1	over	over	ADP
fsr-3923	193	2	time	time	NOUN
fsr-3923	193	3	,	,	PUNCT
fsr-3923	193	4	an	an	DET
fsr-3923	193	5	employee	employee	NOUN
fsr-3923	193	6	’s	’s	PART
fsr-3923	193	7	income	income	NOUN
fsr-3923	193	8	tends	tend	VERB
fsr-3923	193	9	to	to	PART
fsr-3923	193	10	grow	grow	VERB
fsr-3923	193	11	with	with	ADP
fsr-3923	193	12	inflation	inflation	NOUN
fsr-3923	193	13	,	,	PUNCT
fsr-3923	193	14	improving	improve	VERB
fsr-3923	193	15	productivity	productivity	NOUN
fsr-3923	193	16	and	and	CCONJ
fsr-3923	193	17	prevailing	prevail	VERB
fsr-3923	193	18	market	market	NOUN
fsr-3923	193	19	wages	wage	NOUN
fsr-3923	193	20	for	for	ADP
fsr-3923	193	21	similar	similar	ADJ
fsr-3923	193	22	occupations	occupation	NOUN
fsr-3923	193	23	and	and	CCONJ
fsr-3923	193	24	levels	level	NOUN
fsr-3923	193	25	of	of	ADP
fsr-3923	193	26	managerial	managerial	ADJ
fsr-3923	193	27	responsibility	responsibility	NOUN
fsr-3923	193	28	.	.	PUNCT
fsr-3923	194	1	u.s	u.s	PROPN
fsr-3923	194	2	.	.	PROPN
fsr-3923	194	3	stocks	stock	NOUN
fsr-3923	194	4	have	have	AUX
fsr-3923	194	5	historically	historically	ADV
fsr-3923	194	6	provided	provide	VERB
fsr-3923	194	7	high	high	ADJ
fsr-3923	194	8	average	average	ADJ
fsr-3923	194	9	annual	annual	ADJ
fsr-3923	194	10	real	real	ADJ
fsr-3923	194	11	returns	return	NOUN
fsr-3923	194	12	and	and	CCONJ
fsr-3923	194	13	this	this	DET
fsr-3923	194	14	long	long	ADJ
fsr-3923	194	15	-	-	PUNCT
fsr-3923	194	16	term	term	NOUN
fsr-3923	194	17	real	real	ADJ
fsr-3923	194	18	return	return	NOUN
fsr-3923	194	19	has	have	AUX
fsr-3923	194	20	been	be	AUX
fsr-3923	194	21	largely	largely	ADV
fsr-3923	194	22	unaffected	unaffected	ADJ
fsr-3923	194	23	by	by	ADP
fsr-3923	194	24	the	the	DET
fsr-3923	194	25	rate	rate	NOUN
fsr-3923	194	26	of	of	ADP
fsr-3923	194	27	inflation	inflation	NOUN
fsr-3923	194	28	(	(	PUNCT
fsr-3923	194	29	boudoukh	boudoukh	PROPN
fsr-3923	194	30	&	&	CCONJ
fsr-3923	194	31	richardson	richardson	PROPN
fsr-3923	194	32	,	,	PUNCT
fsr-3923	194	33	1993	1993	NUM
fsr-3923	194	34	)	)	PUNCT
fsr-3923	194	35	.	.	PUNCT
fsr-3923	195	1	the	the	DET
fsr-3923	195	2	1997	1997	NUM
fsr-3923	195	3	introduction	introduction	NOUN
fsr-3923	195	4	of	of	ADP
fsr-3923	195	5	inflation	inflation	NOUN
fsr-3923	195	6	-	-	PUNCT
fsr-3923	195	7	indexed	index	VERB
fsr-3923	195	8	bonds	bond	NOUN
fsr-3923	195	9	(	(	PUNCT
fsr-3923	195	10	tips	tip	NOUN
fsr-3923	195	11	)	)	PUNCT
fsr-3923	195	12	in	in	ADP
fsr-3923	195	13	the	the	DET
fsr-3923	195	14	u.s	u.s	PROPN
fsr-3923	195	15	.	.	PROPN
fsr-3923	195	16	created	create	VERB
fsr-3923	195	17	a	a	DET
fsr-3923	195	18	new	new	ADJ
fsr-3923	195	19	asset	asset	NOUN
fsr-3923	195	20	type	type	NOUN
fsr-3923	195	21	with	with	ADP
fsr-3923	195	22	extremely	extremely	ADV
fsr-3923	195	23	attractive	attractive	ADJ
fsr-3923	195	24	characteristics	characteristic	NOUN
fsr-3923	195	25	for	for	ADP
fsr-3923	195	26	tax	tax	NOUN
fsr-3923	195	27	-	-	PUNCT
fsr-3923	195	28	deferred	defer	VERB
fsr-3923	195	29	retirement	retirement	NOUN
fsr-3923	195	30	accounts	account	NOUN
fsr-3923	195	31	.	.	PUNCT
fsr-3923	196	1	ibbotson	ibbotson	PROPN
fsr-3923	196	2	and	and	CCONJ
fsr-3923	196	3	kaplan	kaplan	PROPN
fsr-3923	196	4	(	(	PUNCT
fsr-3923	196	5	2000	2000	NUM
fsr-3923	196	6	)	)	PUNCT
fsr-3923	196	7	examined	examine	VERB
fsr-3923	196	8	performance	performance	NOUN
fsr-3923	196	9	for	for	ADP
fsr-3923	196	10	balanced	balanced	ADJ
fsr-3923	196	11	mutual	mutual	ADJ
fsr-3923	196	12	funds	fund	NOUN
fsr-3923	196	13	and	and	CCONJ
fsr-3923	196	14	large	large	ADJ
fsr-3923	196	15	db	db	NOUN
fsr-3923	196	16	pension	pension	NOUN
fsr-3923	196	17	funds	fund	NOUN
fsr-3923	196	18	and	and	CCONJ
fsr-3923	196	19	found	find	VERB
fsr-3923	196	20	that	that	SCONJ
fsr-3923	196	21	99	99	NUM
fsr-3923	196	22	%	%	NOUN
fsr-3923	196	23	to	to	ADP
fsr-3923	196	24	112	112	NUM
fsr-3923	196	25	%	%	NOUN
fsr-3923	196	26	of	of	ADP
fsr-3923	196	27	the	the	DET
fsr-3923	196	28	total	total	ADJ
fsr-3923	196	29	return	return	NOUN
fsr-3923	196	30	level	level	NOUN
fsr-3923	196	31	was	be	AUX
fsr-3923	196	32	explained	explain	VERB
fsr-3923	196	33	by	by	ADP
fsr-3923	196	34	the	the	DET
fsr-3923	196	35	fund	fund	NOUN
fsr-3923	196	36	’s	’s	PART
fsr-3923	196	37	long	long	ADJ
fsr-3923	196	38	-	-	PUNCT
fsr-3923	196	39	term	term	NOUN
fsr-3923	196	40	asset	asset	NOUN
fsr-3923	196	41	allocation	allocation	NOUN
fsr-3923	196	42	(	(	PUNCT
fsr-3923	196	43	the	the	DET
fsr-3923	196	44	authors	author	NOUN
fsr-3923	196	45	subdivided	subdivide	VERB
fsr-3923	196	46	u.s	u.s	PROPN
fsr-3923	196	47	.	.	PROPN
fsr-3923	196	48	stocks	stock	NOUN
fsr-3923	196	49	into	into	ADP
fsr-3923	196	50	largeand	largeand	ADJ
fsr-3923	196	51	smallcap	smallcap	NOUN
fsr-3923	196	52	sectors	sector	NOUN
fsr-3923	196	53	)	)	PUNCT
fsr-3923	196	54	.	.	PUNCT
fsr-3923	197	1	thus	thus	ADV
fsr-3923	197	2	,	,	PUNCT
fsr-3923	197	3	five	five	NUM
fsr-3923	197	4	indexed	indexed	ADJ
fsr-3923	197	5	portfolios	portfolio	NOUN
fsr-3923	197	6	representing	represent	VERB
fsr-3923	197	7	broad	broad	ADJ
fsr-3923	197	8	asset	asset	NOUN
fsr-3923	197	9	types	type	NOUN
fsr-3923	197	10	would	would	AUX
fsr-3923	197	11	allow	allow	VERB
fsr-3923	197	12	plan	plan	NOUN
fsr-3923	197	13	participants	participant	NOUN
fsr-3923	197	14	to	to	PART
fsr-3923	197	15	articulate	articulate	VERB
fsr-3923	197	16	their	their	PRON
fsr-3923	197	17	risk	risk	NOUN
fsr-3923	197	18	preferences	preference	NOUN
fsr-3923	197	19	.	.	PUNCT
fsr-3923	198	1	the	the	DET
fsr-3923	198	2	average	average	ADJ
fsr-3923	198	3	contribution	contribution	NOUN
fsr-3923	198	4	of	of	ADP
fsr-3923	198	5	active	active	ADJ
fsr-3923	198	6	management	management	NOUN
fsr-3923	198	7	in	in	ADP
fsr-3923	198	8	the	the	DET
fsr-3923	198	9	ibbotson	ibbotson	PROPN
fsr-3923	198	10	and	and	CCONJ
fsr-3923	198	11	kaplan	kaplan	PROPN
fsr-3923	198	12	study	study	PROPN
fsr-3923	198	13	was	be	AUX
fsr-3923	198	14	less	less	ADJ
fsr-3923	198	15	than	than	ADP
fsr-3923	198	16	invigorating	invigorate	VERB
fsr-3923	198	17	.	.	PUNCT
fsr-3923	199	1	however	however	ADV
fsr-3923	199	2	,	,	PUNCT
fsr-3923	199	3	the	the	DET
fsr-3923	199	4	appropriate	appropriate	ADJ
fsr-3923	199	5	use	use	NOUN
fsr-3923	199	6	of	of	ADP
fsr-3923	199	7	active	active	ADJ
fsr-3923	199	8	management	management	NOUN
fsr-3923	199	9	strategies	strategy	NOUN
fsr-3923	199	10	is	be	AUX
fsr-3923	199	11	outside	outside	ADP
fsr-3923	199	12	the	the	DET
fsr-3923	199	13	scope	scope	NOUN
fsr-3923	199	14	of	of	ADP
fsr-3923	199	15	this	this	DET
fsr-3923	199	16	paper	paper	NOUN
fsr-3923	199	17	.	.	PUNCT
fsr-3923	200	1	for	for	ADP
fsr-3923	200	2	guidance	guidance	NOUN
fsr-3923	200	3	,	,	PUNCT
fsr-3923	200	4	it	it	PRON
fsr-3923	200	5	is	be	AUX
fsr-3923	200	6	useful	useful	ADJ
fsr-3923	200	7	to	to	PART
fsr-3923	200	8	turn	turn	VERB
fsr-3923	200	9	to	to	ADP
fsr-3923	200	10	best	good	ADJ
fsr-3923	200	11	practices	practice	NOUN
fsr-3923	200	12	in	in	ADP
fsr-3923	200	13	the	the	DET
fsr-3923	200	14	401(k	401(k	PROPN
fsr-3923	200	15	)	)	PUNCT
fsr-3923	200	16	arena	arena	NOUN
fsr-3923	200	17	where	where	SCONJ
fsr-3923	200	18	plan	plan	NOUN
fsr-3923	200	19	sponsors	sponsor	NOUN
fsr-3923	200	20	are	be	AUX
fsr-3923	200	21	subject	subject	ADJ
fsr-3923	200	22	to	to	ADP
fsr-3923	200	23	erisa	erisa	NOUN
fsr-3923	200	24	.	.	PUNCT
fsr-3923	201	1	table	table	NOUN
fsr-3923	201	2	2	2	NUM
fsr-3923	201	3	provides	provide	VERB
fsr-3923	201	4	summary	summary	NOUN
fsr-3923	201	5	data	datum	NOUN
fsr-3923	201	6	on	on	ADP
fsr-3923	201	7	401(k	401(k	PROPN
fsr-3923	201	8	)	)	PUNCT
fsr-3923	201	9	programs	program	NOUN
fsr-3923	201	10	’	'	PUNCT
fsr-3923	201	11	investment	investment	NOUN
fsr-3923	201	12	options	option	NOUN
fsr-3923	201	13	(	(	PUNCT
fsr-3923	201	14	barra	barra	NOUN
fsr-3923	201	15	rogerscasey	rogerscasey	ADJ
fsr-3923	201	16	/	/	SYM
fsr-3923	201	17	ioma	ioma	ADJ
fsr-3923	201	18	,	,	PUNCT
fsr-3923	201	19	1999	1999	NUM
fsr-3923	201	20	)	)	PUNCT
fsr-3923	201	21	.	.	PUNCT
fsr-3923	202	1	despite	despite	SCONJ
fsr-3923	202	2	diversity	diversity	NOUN
fsr-3923	202	3	in	in	ADP
fsr-3923	202	4	the	the	DET
fsr-3923	202	5	aggregate	aggregate	NOUN
fsr-3923	202	6	,	,	PUNCT
fsr-3923	202	7	this	this	DET
fsr-3923	202	8	same	same	ADJ
fsr-3923	202	9	survey	survey	NOUN
fsr-3923	202	10	indicated	indicate	VERB
fsr-3923	202	11	that	that	SCONJ
fsr-3923	202	12	the	the	DET
fsr-3923	202	13	median	median	ADJ
fsr-3923	202	14	number	number	NOUN
fsr-3923	202	15	of	of	ADP
fsr-3923	202	16	options	option	NOUN
fsr-3923	202	17	was	be	AUX
fsr-3923	202	18	between	between	ADP
fsr-3923	202	19	8	8	NUM
fsr-3923	202	20	and	and	CCONJ
fsr-3923	202	21	9	9	NUM
fsr-3923	202	22	in	in	ADP
fsr-3923	202	23	1999	1999	NUM
fsr-3923	202	24	and	and	CCONJ
fsr-3923	202	25	the	the	DET
fsr-3923	202	26	majority	majority	NOUN
fsr-3923	202	27	of	of	ADP
fsr-3923	202	28	program	program	NOUN
fsr-3923	202	29	administrators	administrator	NOUN
fsr-3923	202	30	believed	believe	VERB
fsr-3923	202	31	that	that	SCONJ
fsr-3923	202	32	the	the	DET
fsr-3923	202	33	number	number	NOUN
fsr-3923	202	34	of	of	ADP
fsr-3923	202	35	investment	investment	NOUN
fsr-3923	202	36	options	option	NOUN
fsr-3923	202	37	became	become	VERB
fsr-3923	202	38	excessive	excessive	ADJ
fsr-3923	202	39	around	around	ADP
fsr-3923	202	40	11	11	NUM
fsr-3923	202	41	.	.	PUNCT
fsr-3923	203	1	a	a	DET
fsr-3923	203	2	representative	representative	ADJ
fsr-3923	203	3	list	list	NOUN
fsr-3923	203	4	of	of	ADP
fsr-3923	203	5	8	8	NUM
fsr-3923	203	6	options	option	NOUN
fsr-3923	203	7	that	that	PRON
fsr-3923	203	8	generally	generally	ADV
fsr-3923	203	9	comports	comport	VERB
fsr-3923	203	10	with	with	ADP
fsr-3923	203	11	these	these	DET
fsr-3923	203	12	corporate	corporate	ADJ
fsr-3923	203	13	practices	practice	NOUN
fsr-3923	203	14	and	and	CCONJ
fsr-3923	203	15	recent	recent	ADJ
fsr-3923	203	16	academic	academic	ADJ
fsr-3923	203	17	research	research	NOUN
fsr-3923	203	18	would	would	AUX
fsr-3923	203	19	be	be	AUX
fsr-3923	203	20	:	:	PUNCT
fsr-3923	203	21	money	money	NOUN
fsr-3923	203	22	market	market	NOUN
fsr-3923	203	23	option	option	NOUN
fsr-3923	203	24	;	;	PUNCT
fsr-3923	203	25	total	total	ADJ
fsr-3923	203	26	market	market	NOUN
fsr-3923	203	27	nominal	nominal	NOUN
fsr-3923	203	28	bond	bond	NOUN
fsr-3923	203	29	option	option	NOUN
fsr-3923	203	30	;	;	PUNCT
fsr-3923	203	31	inflation	inflation	NOUN
fsr-3923	203	32	-	-	PUNCT
fsr-3923	203	33	indexed	index	VERB
fsr-3923	203	34	bond	bond	NOUN
fsr-3923	203	35	option	option	NOUN
fsr-3923	203	36	;	;	PUNCT
fsr-3923	203	37	total	total	ADJ
fsr-3923	203	38	market	market	NOUN
fsr-3923	203	39	u.s	u.s	PROPN
fsr-3923	203	40	.	.	PROPN
fsr-3923	203	41	stock	stock	PROPN
fsr-3923	203	42	index	index	NOUN
fsr-3923	203	43	option	option	NOUN
fsr-3923	203	44	;	;	PUNCT
fsr-3923	203	45	u.s	u.s	PROPN
fsr-3923	203	46	.	.	PROPN
fsr-3923	203	47	small	small	ADJ
fsr-3923	203	48	stock	stock	NOUN
fsr-3923	203	49	option	option	NOUN
fsr-3923	203	50	;	;	PUNCT
fsr-3923	203	51	u.s	u.s	PROPN
fsr-3923	203	52	.	.	PROPN
fsr-3923	203	53	value	value	NOUN
fsr-3923	203	54	stock	stock	NOUN
fsr-3923	203	55	option	option	NOUN
fsr-3923	203	56	;	;	PUNCT
fsr-3923	203	57	u.s	u.s	PROPN
fsr-3923	203	58	.	.	PROPN
fsr-3923	203	59	growth	growth	NOUN
fsr-3923	203	60	stock	stock	NOUN
fsr-3923	203	61	option	option	NOUN
fsr-3923	203	62	;	;	PUNCT
fsr-3923	203	63	and	and	CCONJ
fsr-3923	203	64	foreign	foreign	ADJ
fsr-3923	203	65	stock	stock	NOUN
fsr-3923	203	66	option	option	NOUN
fsr-3923	203	67	.	.	PUNCT
fsr-3923	204	1	in	in	ADP
fsr-3923	204	2	addition	addition	NOUN
fsr-3923	204	3	,	,	PUNCT
fsr-3923	204	4	two	two	NUM
fsr-3923	204	5	or	or	CCONJ
fsr-3923	204	6	three	three	NUM
fsr-3923	204	7	balanced	balanced	ADJ
fsr-3923	204	8	funds	fund	NOUN
fsr-3923	204	9	,	,	PUNCT
fsr-3923	204	10	optimized	optimize	VERB
fsr-3923	204	11	to	to	PART
fsr-3923	204	12	reside	reside	VERB
fsr-3923	204	13	on	on	ADP
fsr-3923	204	14	the	the	DET
fsr-3923	204	15	efficient	efficient	ADJ
fsr-3923	204	16	frontier	frontier	NOUN
fsr-3923	204	17	,	,	PUNCT
fsr-3923	204	18	would	would	AUX
fsr-3923	204	19	provide	provide	VERB
fsr-3923	204	20	one	one	NUM
fsr-3923	204	21	-	-	PUNCT
fsr-3923	204	22	stop	stop	NOUN
fsr-3923	204	23	shopping	shop	VERB
fsr-3923	204	24	for	for	ADP
fsr-3923	204	25	participants	participant	NOUN
fsr-3923	204	26	reluctant	reluctant	ADJ
fsr-3923	204	27	to	to	PART
fsr-3923	204	28	perform	perform	VERB
fsr-3923	204	29	their	their	PRON
fsr-3923	204	30	own	own	ADJ
fsr-3923	204	31	asset	asset	NOUN
fsr-3923	204	32	allocation	allocation	NOUN
fsr-3923	204	33	analysis	analysis	NOUN
fsr-3923	204	34	.	.	PUNCT
fsr-3923	205	1	waring	ware	VERB
fsr-3923	205	2	et	et	PROPN
fsr-3923	205	3	al	al	PROPN
fsr-3923	205	4	.	.	PROPN
fsr-3923	206	1	(	(	PUNCT
fsr-3923	206	2	2000	2000	NUM
fsr-3923	206	3	)	)	PUNCT
fsr-3923	206	4	make	make	VERB
fsr-3923	206	5	a	a	DET
fsr-3923	206	6	persuasive	persuasive	ADJ
fsr-3923	206	7	case	case	NOUN
fsr-3923	206	8	that	that	SCONJ
fsr-3923	206	9	dc	dc	PROPN
fsr-3923	206	10	investment	investment	NOUN
fsr-3923	206	11	options	option	NOUN
fsr-3923	206	12	should	should	AUX
fsr-3923	206	13	predominantly	predominantly	ADV
fsr-3923	206	14	be	be	AUX
fsr-3923	206	15	optimized	optimize	VERB
fsr-3923	206	16	balanced	balanced	ADJ
fsr-3923	206	17	funds	fund	NOUN
fsr-3923	206	18	.	.	PUNCT
fsr-3923	207	1	in	in	ADP
fsr-3923	207	2	their	their	PRON
fsr-3923	207	3	model	model	NOUN
fsr-3923	207	4	design	design	NOUN
fsr-3923	207	5	,	,	PUNCT
fsr-3923	207	6	asset	asset	NOUN
fsr-3923	207	7	type	type	NOUN
fsr-3923	207	8	options	option	NOUN
fsr-3923	207	9	should	should	AUX
fsr-3923	207	10	function	function	VERB
fsr-3923	207	11	as	as	ADP
fsr-3923	207	12	“	"	PUNCT
fsr-3923	207	13	specialty	specialty	NOUN
fsr-3923	207	14	options	option	NOUN
fsr-3923	207	15	.	.	PUNCT
fsr-3923	207	16	”	"	PUNCT
fsr-3923	208	1	in	in	ADP
fsr-3923	208	2	part	part	NOUN
fsr-3923	208	3	,	,	PUNCT
fsr-3923	208	4	they	they	PRON
fsr-3923	208	5	argue	argue	VERB
fsr-3923	208	6	that	that	SCONJ
fsr-3923	208	7	participants	participant	NOUN
fsr-3923	208	8	should	should	AUX
fsr-3923	208	9	not	not	PART
fsr-3923	208	10	be	be	AUX
fsr-3923	208	11	put	put	VERB
fsr-3923	208	12	in	in	ADP
fsr-3923	208	13	an	an	DET
fsr-3923	208	14	environment	environment	NOUN
fsr-3923	208	15	that	that	PRON
fsr-3923	208	16	facilitates	facilitate	VERB
fsr-3923	208	17	focusing	focus	VERB
fsr-3923	208	18	on	on	ADP
fsr-3923	208	19	the	the	DET
fsr-3923	208	20	short	short	ADJ
fsr-3923	208	21	run	run	NOUN
fsr-3923	208	22	game	game	NOUN
fsr-3923	208	23	of	of	ADP
fsr-3923	208	24	trying	try	VERB
fsr-3923	208	25	to	to	PART
fsr-3923	208	26	pick	pick	VERB
fsr-3923	208	27	hot	hot	ADJ
fsr-3923	208	28	funds	fund	NOUN
fsr-3923	208	29	,	,	PUNCT
fsr-3923	208	30	to	to	ADP
fsr-3923	208	31	the	the	DET
fsr-3923	208	32	exclusion	exclusion	NOUN
fsr-3923	208	33	of	of	ADP
fsr-3923	208	34	focusing	focus	VERB
fsr-3923	208	35	on	on	ADP
fsr-3923	208	36	more	more	ADV
fsr-3923	208	37	important	important	ADJ
fsr-3923	208	38	long	long	ADJ
fsr-3923	208	39	run	run	NOUN
fsr-3923	208	40	considerations	consideration	NOUN
fsr-3923	208	41	,	,	PUNCT
fsr-3923	208	42	such	such	ADJ
fsr-3923	208	43	as	as	ADP
fsr-3923	208	44	asset	asset	NOUN
fsr-3923	208	45	allocation	allocation	NOUN
fsr-3923	208	46	.	.	PUNCT
fsr-3923	209	1	this	this	DET
fsr-3923	209	2	model	model	NOUN
fsr-3923	209	3	is	be	AUX
fsr-3923	209	4	not	not	PART
fsr-3923	209	5	commonly	commonly	ADV
fsr-3923	209	6	used	use	VERB
fsr-3923	209	7	in	in	ADP
fsr-3923	209	8	corporate	corporate	ADJ
fsr-3923	209	9	or	or	CCONJ
fsr-3923	209	10	public	public	ADJ
fsr-3923	209	11	sector	sector	NOUN
fsr-3923	209	12	dc	dc	PROPN
fsr-3923	209	13	plans	plan	NOUN
fsr-3923	209	14	.	.	PUNCT
fsr-3923	210	1	as	as	SCONJ
fsr-3923	210	2	indicated	indicate	VERB
fsr-3923	210	3	in	in	ADP
fsr-3923	210	4	the	the	DET
fsr-3923	210	5	introduction	introduction	NOUN
fsr-3923	210	6	,	,	PUNCT
fsr-3923	210	7	the	the	DET
fsr-3923	210	8	relatively	relatively	ADV
fsr-3923	210	9	low	low	ADJ
fsr-3923	210	10	numbers	number	NOUN
fsr-3923	210	11	of	of	ADP
fsr-3923	210	12	options	option	NOUN
fsr-3923	210	13	in	in	ADP
fsr-3923	210	14	corporate	corporate	ADJ
fsr-3923	210	15	dc	dc	PROPN
fsr-3923	210	16	plans	plan	NOUN
fsr-3923	210	17	stand	stand	VERB
fsr-3923	210	18	in	in	ADP
fsr-3923	210	19	stark	stark	ADJ
fsr-3923	210	20	contrast	contrast	NOUN
fsr-3923	210	21	to	to	ADP
fsr-3923	210	22	the	the	DET
fsr-3923	210	23	high	high	ADJ
fsr-3923	210	24	numbers	number	NOUN
fsr-3923	210	25	of	of	ADP
fsr-3923	210	26	investment	investment	NOUN
fsr-3923	210	27	options	option	NOUN
fsr-3923	210	28	that	that	PRON
fsr-3923	210	29	are	be	AUX
fsr-3923	210	30	often	often	ADV
fsr-3923	210	31	put	put	VERB
fsr-3923	210	32	before	before	ADP
fsr-3923	210	33	participants	participant	NOUN
fsr-3923	210	34	in	in	ADP
fsr-3923	210	35	public	public	ADJ
fsr-3923	210	36	sector	sector	NOUN
fsr-3923	210	37	plans	plan	NOUN
fsr-3923	210	38	.	.	PUNCT
fsr-3923	211	1	moreover	moreover	ADV
fsr-3923	211	2	,	,	PUNCT
fsr-3923	211	3	public	public	ADJ
fsr-3923	211	4	sector	sector	NOUN
fsr-3923	211	5	403(b	403(b	PROPN
fsr-3923	211	6	)	)	PUNCT
fsr-3923	211	7	and	and	CCONJ
fsr-3923	211	8	457	457	NUM
fsr-3923	211	9	dc	dc	PROPN
fsr-3923	211	10	plans	plan	NOUN
fsr-3923	211	11	often	often	ADV
fsr-3923	211	12	utilize	utilize	VERB
fsr-3923	211	13	multiple	multiple	ADJ
fsr-3923	211	14	full	full	ADJ
fsr-3923	211	15	-	-	PUNCT
fsr-3923	211	16	service	service	NOUN
fsr-3923	211	17	bundled	bundle	VERB
fsr-3923	211	18	providers	provider	NOUN
fsr-3923	211	19	to	to	PART
fsr-3923	211	20	generate	generate	VERB
fsr-3923	211	21	diversity	diversity	NOUN
fsr-3923	211	22	of	of	ADP
fsr-3923	211	23	investment	investment	NOUN
fsr-3923	211	24	207k.w	207k.w	PROPN
fsr-3923	211	25	.	.	PUNCT
fsr-3923	211	26	sigrist	sigrist	PROPN
fsr-3923	211	27	,	,	PUNCT
fsr-3923	211	28	s.l	s.l	PROPN
fsr-3923	211	29	.	.	PROPN
fsr-3923	211	30	brown	brown	ADJ
fsr-3923	211	31	/	/	SYM
fsr-3923	211	32	financial	financial	ADJ
fsr-3923	211	33	services	service	NOUN
fsr-3923	211	34	review	review	VERB
fsr-3923	211	35	9	9	NUM
fsr-3923	211	36	(	(	PUNCT
fsr-3923	211	37	2000	2000	NUM
fsr-3923	211	38	)	)	PUNCT
fsr-3923	211	39	197–218	197–218	NUM
fsr-3923	211	40	options	option	NOUN
fsr-3923	211	41	within	within	ADP
fsr-3923	211	42	the	the	DET
fsr-3923	211	43	program	program	NOUN
fsr-3923	211	44	;	;	PUNCT
fsr-3923	211	45	a	a	DET
fsr-3923	211	46	practice	practice	NOUN
fsr-3923	211	47	that	that	PRON
fsr-3923	211	48	is	be	AUX
fsr-3923	211	49	virtually	virtually	ADV
fsr-3923	211	50	unheard	unheard	ADJ
fsr-3923	211	51	of	of	ADP
fsr-3923	211	52	in	in	ADP
fsr-3923	211	53	401(k	401(k	NOUN
fsr-3923	211	54	)	)	PUNCT
fsr-3923	211	55	programs	program	NOUN
fsr-3923	211	56	.	.	PUNCT
fsr-3923	212	1	clearly	clearly	ADV
fsr-3923	212	2	,	,	PUNCT
fsr-3923	212	3	duplicative	duplicative	ADJ
fsr-3923	212	4	administrative	administrative	ADJ
fsr-3923	212	5	and	and	CCONJ
fsr-3923	212	6	educational	educational	ADJ
fsr-3923	212	7	services	service	NOUN
fsr-3923	212	8	bloat	bloat	NOUN
fsr-3923	212	9	costs	cost	NOUN
fsr-3923	212	10	and	and	CCONJ
fsr-3923	212	11	reduce	reduce	VERB
fsr-3923	212	12	overall	overall	ADJ
fsr-3923	212	13	benefits	benefit	NOUN
fsr-3923	212	14	.	.	PUNCT
fsr-3923	213	1	moreover	moreover	ADV
fsr-3923	213	2	,	,	PUNCT
fsr-3923	213	3	bundled	bundled	ADJ
fsr-3923	213	4	providers	provider	NOUN
fsr-3923	213	5	have	have	VERB
fsr-3923	213	6	incentives	incentive	NOUN
fsr-3923	213	7	to	to	PART
fsr-3923	213	8	favor	favor	VERB
fsr-3923	213	9	their	their	PRON
fsr-3923	213	10	branded	brand	VERB
fsr-3923	213	11	alternatives	alternative	NOUN
fsr-3923	213	12	,	,	PUNCT
fsr-3923	213	13	which	which	PRON
fsr-3923	213	14	creates	create	VERB
fsr-3923	213	15	an	an	DET
fsr-3923	213	16	inherent	inherent	ADJ
fsr-3923	213	17	conflict	conflict	NOUN
fsr-3923	213	18	of	of	ADP
fsr-3923	213	19	interest	interest	NOUN
fsr-3923	213	20	in	in	ADP
fsr-3923	213	21	any	any	DET
fsr-3923	213	22	educational	educational	ADJ
fsr-3923	213	23	services	service	NOUN
fsr-3923	213	24	they	they	PRON
fsr-3923	213	25	might	might	AUX
fsr-3923	213	26	offer	offer	VERB
fsr-3923	213	27	.	.	PUNCT
fsr-3923	214	1	in	in	ADP
fsr-3923	214	2	the	the	DET
fsr-3923	214	3	next	next	ADJ
fsr-3923	214	4	section	section	NOUN
fsr-3923	214	5	,	,	PUNCT
fsr-3923	214	6	we	we	PRON
fsr-3923	214	7	empirically	empirically	ADV
fsr-3923	214	8	identify	identify	VERB
fsr-3923	214	9	performance	performance	NOUN
fsr-3923	214	10	factors	factor	NOUN
fsr-3923	214	11	that	that	PRON
fsr-3923	214	12	support	support	VERB
fsr-3923	214	13	an	an	DET
fsr-3923	214	14	unbundled	unbundled	ADJ
fsr-3923	214	15	procurement	procurement	NOUN
fsr-3923	214	16	of	of	ADP
fsr-3923	214	17	private	private	ADJ
fsr-3923	214	18	label	label	NOUN
fsr-3923	214	19	institutional	institutional	ADJ
fsr-3923	214	20	/	/	SYM
fsr-3923	214	21	wholesale	wholesale	ADJ
fsr-3923	214	22	investment	investment	NOUN
fsr-3923	214	23	options	option	NOUN
fsr-3923	214	24	.	.	PUNCT
fsr-3923	215	1	6	6	X
fsr-3923	215	2	.	.	X
fsr-3923	215	3	comparative	comparative	ADJ
fsr-3923	215	4	cost	cost	NOUN
fsr-3923	215	5	analysis	analysis	NOUN
fsr-3923	215	6	table	table	NOUN
fsr-3923	215	7	3	3	NUM
fsr-3923	215	8	provides	provide	VERB
fsr-3923	215	9	cost	cost	NOUN
fsr-3923	215	10	data	datum	NOUN
fsr-3923	215	11	from	from	ADP
fsr-3923	215	12	1996	1996	NUM
fsr-3923	215	13	that	that	PRON
fsr-3923	215	14	illustrates	illustrate	VERB
fsr-3923	215	15	the	the	DET
fsr-3923	215	16	basic	basic	ADJ
fsr-3923	215	17	attraction	attraction	NOUN
fsr-3923	215	18	of	of	ADP
fsr-3923	215	19	institutional	institutional	ADJ
fsr-3923	215	20	separate	separate	ADJ
fsr-3923	215	21	accounts	account	NOUN
fsr-3923	215	22	relative	relative	ADJ
fsr-3923	215	23	to	to	ADP
fsr-3923	215	24	mutual	mutual	ADJ
fsr-3923	215	25	funds	fund	NOUN
fsr-3923	215	26	:	:	PUNCT
fsr-3923	215	27	costs	cost	NOUN
fsr-3923	215	28	are	be	AUX
fsr-3923	215	29	far	far	ADV
fsr-3923	215	30	lower	low	ADJ
fsr-3923	215	31	.	.	PUNCT
fsr-3923	216	1	institutional	institutional	ADJ
fsr-3923	216	2	mutual	mutual	ADJ
fsr-3923	216	3	funds	fund	NOUN
fsr-3923	216	4	are	be	AUX
fsr-3923	216	5	special	special	ADJ
fsr-3923	216	6	share	share	NOUN
fsr-3923	216	7	classes	class	NOUN
fsr-3923	216	8	with	with	ADP
fsr-3923	216	9	high	high	ADJ
fsr-3923	216	10	initial	initial	ADJ
fsr-3923	216	11	minimum	minimum	ADJ
fsr-3923	216	12	balances	balance	NOUN
fsr-3923	216	13	(	(	PUNCT
fsr-3923	216	14	e.g.	e.g.	ADV
fsr-3923	216	15	,	,	PUNCT
fsr-3923	216	16	$	$	SYM
fsr-3923	216	17	100,000	100,000	NUM
fsr-3923	216	18	)	)	PUNCT
fsr-3923	216	19	and	and	CCONJ
fsr-3923	216	20	limited	limited	ADJ
fsr-3923	216	21	provision	provision	NOUN
fsr-3923	216	22	of	of	ADP
fsr-3923	216	23	administrative	administrative	ADJ
fsr-3923	216	24	services	service	NOUN
fsr-3923	216	25	to	to	ADP
fsr-3923	216	26	the	the	DET
fsr-3923	216	27	client	client	NOUN
fsr-3923	216	28	,	,	PUNCT
fsr-3923	216	29	as	as	ADV
fsr-3923	216	30	well	well	ADV
fsr-3923	216	31	as	as	ADP
fsr-3923	216	32	lower	low	ADJ
fsr-3923	216	33	charges	charge	NOUN
fsr-3923	216	34	for	for	ADP
fsr-3923	216	35	marketing	marketing	NOUN
fsr-3923	216	36	and	and	CCONJ
fsr-3923	216	37	distribution	distribution	NOUN
fsr-3923	216	38	.	.	PUNCT
fsr-3923	217	1	institutional	institutional	ADJ
fsr-3923	217	2	separate	separate	ADJ
fsr-3923	217	3	accounts	account	NOUN
fsr-3923	217	4	typically	typically	ADV
fsr-3923	217	5	operate	operate	VERB
fsr-3923	217	6	wherein	wherein	SCONJ
fsr-3923	217	7	a	a	DET
fsr-3923	217	8	custody	custody	NOUN
fsr-3923	217	9	bank	bank	NOUN
fsr-3923	217	10	safekeeps	safekeep	VERB
fsr-3923	217	11	securities	security	NOUN
fsr-3923	217	12	in	in	ADP
fsr-3923	217	13	a	a	DET
fsr-3923	217	14	group	group	NOUN
fsr-3923	217	15	account	account	NOUN
fsr-3923	217	16	and	and	CCONJ
fsr-3923	217	17	a	a	DET
fsr-3923	217	18	manager(s	manager(s	NOUN
fsr-3923	217	19	)	)	PUNCT
fsr-3923	217	20	is	be	AUX
fsr-3923	217	21	authorized	authorize	VERB
fsr-3923	217	22	to	to	PART
fsr-3923	217	23	trade	trade	VERB
fsr-3923	217	24	securities	security	NOUN
fsr-3923	217	25	in	in	ADP
fsr-3923	217	26	that	that	DET
fsr-3923	217	27	account	account	NOUN
fsr-3923	217	28	;	;	PUNCT
fsr-3923	217	29	individual	individual	ADJ
fsr-3923	217	30	and	and	CCONJ
fsr-3923	217	31	collective	collective	ADJ
fsr-3923	217	32	recordkeeping	recordkeeping	NOUN
fsr-3923	217	33	is	be	AUX
fsr-3923	217	34	performed	perform	VERB
fsr-3923	217	35	by	by	ADP
fsr-3923	217	36	the	the	DET
fsr-3923	217	37	custody	custody	NOUN
fsr-3923	217	38	agent	agent	NOUN
fsr-3923	217	39	or	or	CCONJ
fsr-3923	217	40	a	a	DET
fsr-3923	217	41	third	third	ADJ
fsr-3923	217	42	party	party	NOUN
fsr-3923	217	43	recordkeeper	recordkeeper	NOUN
fsr-3923	217	44	.	.	PUNCT
fsr-3923	218	1	institutional	institutional	ADJ
fsr-3923	218	2	commingled	commingle	VERB
fsr-3923	218	3	accounts	account	NOUN
fsr-3923	218	4	operate	operate	VERB
fsr-3923	218	5	in	in	ADP
fsr-3923	218	6	a	a	DET
fsr-3923	218	7	similar	similar	ADJ
fsr-3923	218	8	fashion	fashion	NOUN
fsr-3923	218	9	as	as	ADP
fsr-3923	218	10	an	an	DET
fsr-3923	218	11	institutional	institutional	ADJ
fsr-3923	218	12	mutual	mutual	ADJ
fsr-3923	218	13	fund	fund	NOUN
fsr-3923	218	14	,	,	PUNCT
fsr-3923	218	15	but	but	CCONJ
fsr-3923	218	16	pricing	pricing	NOUN
fsr-3923	218	17	is	be	AUX
fsr-3923	218	18	generally	generally	ADV
fsr-3923	218	19	at	at	ADP
fsr-3923	218	20	the	the	DET
fsr-3923	218	21	level	level	NOUN
fsr-3923	218	22	of	of	ADP
fsr-3923	218	23	separate	separate	ADJ
fsr-3923	218	24	accounts	account	NOUN
fsr-3923	218	25	.	.	PUNCT
fsr-3923	219	1	table	table	NOUN
fsr-3923	219	2	2	2	NUM
fsr-3923	219	3	investment	investment	NOUN
fsr-3923	219	4	options	option	NOUN
fsr-3923	219	5	offered	offer	VERB
fsr-3923	219	6	by	by	ADP
fsr-3923	219	7	corporate	corporate	ADJ
fsr-3923	219	8	401(k	401(k	PROPN
fsr-3923	219	9	)	)	PUNCT
fsr-3923	219	10	programs	program	NOUN
fsr-3923	219	11	in	in	ADP
fsr-3923	219	12	1999	1999	NUM
fsr-3923	219	13	percentage	percentage	NOUN
fsr-3923	219	14	of	of	ADP
fsr-3923	219	15	plans	plan	NOUN
fsr-3923	219	16	all	all	DET
fsr-3923	219	17	plans	plan	NOUN
fsr-3923	219	18	offering	offer	VERB
fsr-3923	219	19	option	option	NOUN
fsr-3923	219	20	large	large	ADJ
fsr-3923	219	21	plans	plan	NOUN
fsr-3923	219	22	balanced	balanced	ADJ
fsr-3923	219	23	fund	fund	NOUN
fsr-3923	219	24	77	77	NUM
fsr-3923	219	25	%	%	NOUN
fsr-3923	219	26	77	77	NUM
fsr-3923	219	27	%	%	NOUN
fsr-3923	219	28	international	international	ADJ
fsr-3923	219	29	equity	equity	NOUN
fsr-3923	219	30	71	71	NUM
fsr-3923	219	31	%	%	NOUN
fsr-3923	219	32	70	70	NUM
fsr-3923	219	33	%	%	NOUN
fsr-3923	219	34	u.s	u.s	PROPN
fsr-3923	219	35	.	.	PROPN
fsr-3923	219	36	large	large	ADJ
fsr-3923	219	37	cap	cap	NOUN
fsr-3923	219	38	equity	equity	NOUN
fsr-3923	219	39	70	70	NUM
fsr-3923	219	40	%	%	NOUN
fsr-3923	219	41	72	72	NUM
fsr-3923	219	42	%	%	NOUN
fsr-3923	219	43	u.s	u.s	PROPN
fsr-3923	219	44	.	.	PROPN
fsr-3923	219	45	equity	equity	NOUN
fsr-3923	219	46	—	—	PUNCT
fsr-3923	219	47	indexed	index	VERB
fsr-3923	219	48	66	66	NUM
fsr-3923	219	49	%	%	NOUN
fsr-3923	219	50	75	75	NUM
fsr-3923	219	51	%	%	NOUN
fsr-3923	219	52	u.s	u.s	PROPN
fsr-3923	219	53	.	.	PROPN
fsr-3923	219	54	bonds	bond	NOUN
fsr-3923	219	55	63	63	NUM
fsr-3923	219	56	%	%	NOUN
fsr-3923	219	57	65	65	NUM
fsr-3923	219	58	%	%	NOUN
fsr-3923	219	59	u.s	u.s	PROPN
fsr-3923	219	60	.	.	PROPN
fsr-3923	219	61	small	small	ADJ
fsr-3923	219	62	cap	cap	NOUN
fsr-3923	219	63	equity	equity	NOUN
fsr-3923	219	64	61	61	NUM
fsr-3923	219	65	%	%	NOUN
fsr-3923	219	66	51	51	NUM
fsr-3923	219	67	%	%	NOUN
fsr-3923	219	68	stable	stable	ADJ
fsr-3923	219	69	value	value	NOUN
fsr-3923	219	70	(	(	PUNCT
fsr-3923	219	71	gics	gic	NOUN
fsr-3923	219	72	/	/	SYM
fsr-3923	219	73	synthetics	synthetic	NOUN
fsr-3923	219	74	)	)	PUNCT
fsr-3923	219	75	60	60	NUM
fsr-3923	219	76	%	%	NOUN
fsr-3923	219	77	74	74	NUM
fsr-3923	219	78	%	%	NOUN
fsr-3923	219	79	money	money	NOUN
fsr-3923	219	80	market	market	NOUN
fsr-3923	219	81	56	56	NUM
fsr-3923	219	82	%	%	NOUN
fsr-3923	219	83	42	42	NUM
fsr-3923	219	84	%	%	NOUN
fsr-3923	219	85	u.s	u.s	PROPN
fsr-3923	219	86	.	.	PROPN
fsr-3923	219	87	mid	mid	PROPN
fsr-3923	219	88	cap	cap	PROPN
fsr-3923	219	89	equity	equity	NOUN
fsr-3923	219	90	48	48	NUM
fsr-3923	219	91	%	%	NOUN
fsr-3923	219	92	40	40	NUM
fsr-3923	219	93	%	%	NOUN
fsr-3923	219	94	company	company	NOUN
fsr-3923	219	95	stock	stock	NOUN
fsr-3923	219	96	28	28	NUM
fsr-3923	219	97	%	%	NOUN
fsr-3923	219	98	56	56	NUM
fsr-3923	219	99	%	%	NOUN
fsr-3923	219	100	global	global	ADJ
fsr-3923	219	101	equity	equity	NOUN
fsr-3923	219	102	27	27	NUM
fsr-3923	219	103	%	%	NOUN
fsr-3923	219	104	21	21	NUM
fsr-3923	219	105	%	%	NOUN
fsr-3923	219	106	lifestyle	lifestyle	NOUN
fsr-3923	219	107	options	option	NOUN
fsr-3923	219	108	19	19	NUM
fsr-3923	219	109	%	%	NOUN
fsr-3923	219	110	25	25	NUM
fsr-3923	219	111	%	%	NOUN
fsr-3923	219	112	emerging	emerge	VERB
fsr-3923	219	113	markets	market	NOUN
fsr-3923	219	114	15	15	NUM
fsr-3923	219	115	%	%	NOUN
fsr-3923	219	116	9	9	NUM
fsr-3923	219	117	%	%	NOUN
fsr-3923	219	118	international	international	ADJ
fsr-3923	219	119	bonds	bond	NOUN
fsr-3923	219	120	8	8	NUM
fsr-3923	219	121	%	%	NOUN
fsr-3923	219	122	2	2	NUM
fsr-3923	219	123	%	%	NOUN
fsr-3923	219	124	real	real	ADJ
fsr-3923	219	125	estate	estate	NOUN
fsr-3923	219	126	investment	investment	NOUN
fsr-3923	219	127	trusts	trust	VERB
fsr-3923	219	128	6	6	NUM
fsr-3923	219	129	%	%	NOUN
fsr-3923	219	130	5	5	NUM
fsr-3923	219	131	%	%	NOUN
fsr-3923	219	132	self	self	NOUN
fsr-3923	219	133	-	-	PUNCT
fsr-3923	219	134	directed	direct	VERB
fsr-3923	219	135	brokerage	brokerage	NOUN
fsr-3923	219	136	9	9	NUM
fsr-3923	219	137	%	%	NOUN
fsr-3923	219	138	4	4	NUM
fsr-3923	219	139	%	%	NOUN
fsr-3923	219	140	mutual	mutual	ADJ
fsr-3923	219	141	fund	fund	NOUN
fsr-3923	219	142	window	window	NOUN
fsr-3923	219	143	7	7	NUM
fsr-3923	219	144	%	%	NOUN
fsr-3923	219	145	4	4	NUM
fsr-3923	219	146	%	%	NOUN
fsr-3923	219	147	other	other	ADJ
fsr-3923	219	148	26	26	NUM
fsr-3923	219	149	%	%	NOUN
fsr-3923	219	150	30	30	NUM
fsr-3923	219	151	%	%	NOUN
fsr-3923	219	152	memo	memo	NOUN
fsr-3923	219	153	:	:	PUNCT
fsr-3923	219	154	respondents	respondent	NOUN
fsr-3923	219	155	448	448	NUM
fsr-3923	219	156	57	57	NUM
fsr-3923	219	157	source	source	NOUN
fsr-3923	219	158	:	:	PUNCT
fsr-3923	219	159	barra	barra	PROPN
fsr-3923	219	160	rogerscasey	rogerscasey	ADJ
fsr-3923	219	161	/	/	SYM
fsr-3923	219	162	ioma	ioma	ADJ
fsr-3923	219	163	annual	annual	ADJ
fsr-3923	219	164	defined	define	VERB
fsr-3923	219	165	contribution	contribution	NOUN
fsr-3923	219	166	survey	survey	NOUN
fsr-3923	219	167	.	.	PUNCT
fsr-3923	220	1	large	large	ADJ
fsr-3923	220	2	plans	plan	NOUN
fsr-3923	220	3	have	have	VERB
fsr-3923	220	4	at	at	ADV
fsr-3923	220	5	least	least	ADJ
fsr-3923	220	6	10,000	10,000	NUM
fsr-3923	220	7	participants	participant	NOUN
fsr-3923	220	8	.	.	PUNCT
fsr-3923	221	1	208	208	NUM
fsr-3923	221	2	k.w	k.w	PROPN
fsr-3923	221	3	.	.	PROPN
fsr-3923	221	4	sigrist	sigrist	PROPN
fsr-3923	221	5	,	,	PUNCT
fsr-3923	221	6	s.l	s.l	PROPN
fsr-3923	221	7	.	.	PROPN
fsr-3923	221	8	brown	brown	ADJ
fsr-3923	221	9	/	/	SYM
fsr-3923	221	10	financial	financial	ADJ
fsr-3923	221	11	services	service	NOUN
fsr-3923	221	12	review	review	VERB
fsr-3923	221	13	9	9	NUM
fsr-3923	221	14	(	(	PUNCT
fsr-3923	221	15	2000	2000	NUM
fsr-3923	221	16	)	)	PUNCT
fsr-3923	222	1	197–218	197–218	NUM
fsr-3923	222	2	it	it	PRON
fsr-3923	222	3	is	be	AUX
fsr-3923	222	4	important	important	ADJ
fsr-3923	222	5	to	to	PART
fsr-3923	222	6	note	note	VERB
fsr-3923	222	7	that	that	SCONJ
fsr-3923	222	8	the	the	DET
fsr-3923	222	9	mutual	mutual	ADJ
fsr-3923	222	10	fund	fund	NOUN
fsr-3923	222	11	costs	cost	NOUN
fsr-3923	222	12	in	in	ADP
fsr-3923	222	13	table	table	NOUN
fsr-3923	222	14	3	3	NUM
fsr-3923	222	15	include	include	VERB
fsr-3923	222	16	investment	investment	NOUN
fsr-3923	222	17	and	and	CCONJ
fsr-3923	222	18	administrative	administrative	ADJ
fsr-3923	222	19	fees	fee	NOUN
fsr-3923	222	20	,	,	PUNCT
fsr-3923	222	21	but	but	CCONJ
fsr-3923	222	22	the	the	DET
fsr-3923	222	23	institutional	institutional	ADJ
fsr-3923	222	24	separate	separate	ADJ
fsr-3923	222	25	accounts	account	NOUN
fsr-3923	222	26	include	include	VERB
fsr-3923	222	27	only	only	ADV
fsr-3923	222	28	investment	investment	NOUN
fsr-3923	222	29	fees	fee	NOUN
fsr-3923	222	30	.	.	PUNCT
fsr-3923	223	1	however	however	ADV
fsr-3923	223	2	,	,	PUNCT
fsr-3923	223	3	institutional	institutional	ADJ
fsr-3923	223	4	accounts	account	NOUN
fsr-3923	223	5	with	with	ADP
fsr-3923	223	6	more	more	ADJ
fsr-3923	223	7	than	than	ADP
fsr-3923	223	8	$	$	SYM
fsr-3923	223	9	25	25	NUM
fsr-3923	223	10	million	million	NUM
fsr-3923	223	11	in	in	ADP
fsr-3923	223	12	assets	asset	NOUN
fsr-3923	223	13	should	should	AUX
fsr-3923	223	14	enjoy	enjoy	VERB
fsr-3923	223	15	even	even	ADV
fsr-3923	223	16	lower	low	ADJ
fsr-3923	223	17	investment	investment	NOUN
fsr-3923	223	18	advisory	advisory	NOUN
fsr-3923	223	19	fees	fee	NOUN
fsr-3923	223	20	because	because	SCONJ
fsr-3923	223	21	their	their	PRON
fsr-3923	223	22	fees	fee	NOUN
fsr-3923	223	23	for	for	ADP
fsr-3923	223	24	institutional	institutional	ADJ
fsr-3923	223	25	separate	separate	ADJ
fsr-3923	223	26	and	and	CCONJ
fsr-3923	223	27	commingled	commingled	ADJ
fsr-3923	223	28	accounts	account	NOUN
fsr-3923	223	29	(	(	PUNCT
fsr-3923	223	30	institutional	institutional	ADJ
fsr-3923	223	31	accounts	account	NOUN
fsr-3923	223	32	)	)	PUNCT
fsr-3923	223	33	are	be	AUX
fsr-3923	223	34	generally	generally	ADV
fsr-3923	223	35	negotiated	negotiate	VERB
fsr-3923	223	36	on	on	ADP
fsr-3923	223	37	a	a	DET
fsr-3923	223	38	sliding	slide	VERB
fsr-3923	223	39	fee	fee	NOUN
fsr-3923	223	40	basis	basis	NOUN
fsr-3923	223	41	according	accord	VERB
fsr-3923	223	42	to	to	ADP
fsr-3923	223	43	the	the	DET
fsr-3923	223	44	level	level	NOUN
fsr-3923	223	45	of	of	ADP
fsr-3923	223	46	assets	asset	NOUN
fsr-3923	223	47	under	under	ADP
fsr-3923	223	48	management	management	NOUN
fsr-3923	223	49	.	.	PUNCT
fsr-3923	224	1	in	in	ADP
fsr-3923	224	2	contrast	contrast	NOUN
fsr-3923	224	3	,	,	PUNCT
fsr-3923	224	4	retail	retail	ADJ
fsr-3923	224	5	mutual	mutual	ADJ
fsr-3923	224	6	funds	fund	NOUN
fsr-3923	224	7	charge	charge	VERB
fsr-3923	224	8	all	all	DET
fsr-3923	224	9	owners	owner	NOUN
fsr-3923	224	10	of	of	ADP
fsr-3923	224	11	each	each	DET
fsr-3923	224	12	share	share	NOUN
fsr-3923	224	13	class	class	NOUN
fsr-3923	224	14	the	the	DET
fsr-3923	224	15	same	same	ADJ
fsr-3923	224	16	expenses	expense	NOUN
fsr-3923	224	17	,	,	PUNCT
fsr-3923	224	18	regardless	regardless	ADV
fsr-3923	224	19	of	of	ADP
fsr-3923	224	20	whether	whether	SCONJ
fsr-3923	224	21	the	the	DET
fsr-3923	224	22	owner	owner	NOUN
fsr-3923	224	23	has	have	AUX
fsr-3923	224	24	100	100	NUM
fsr-3923	224	25	shares	share	NOUN
fsr-3923	224	26	or	or	CCONJ
fsr-3923	224	27	2,000,000	2,000,000	NUM
fsr-3923	224	28	shares	share	NOUN
fsr-3923	224	29	.	.	PUNCT
fsr-3923	225	1	the	the	DET
fsr-3923	225	2	empirical	empirical	ADJ
fsr-3923	225	3	analysis	analysis	NOUN
fsr-3923	225	4	in	in	ADP
fsr-3923	225	5	this	this	DET
fsr-3923	225	6	section	section	NOUN
fsr-3923	225	7	compares	compare	VERB
fsr-3923	225	8	investment	investment	NOUN
fsr-3923	225	9	advisory	advisory	ADJ
fsr-3923	225	10	fee	fee	NOUN
fsr-3923	225	11	levels	level	NOUN
fsr-3923	225	12	for	for	ADP
fsr-3923	225	13	institutional	institutional	ADJ
fsr-3923	225	14	accounts	account	NOUN
fsr-3923	225	15	and	and	CCONJ
fsr-3923	225	16	mutual	mutual	ADJ
fsr-3923	225	17	funds	fund	NOUN
fsr-3923	225	18	and	and	CCONJ
fsr-3923	225	19	tests	test	NOUN
fsr-3923	225	20	whether	whether	SCONJ
fsr-3923	225	21	either	either	DET
fsr-3923	225	22	vehicle	vehicle	NOUN
fsr-3923	225	23	lowers	lower	VERB
fsr-3923	225	24	their	their	PRON
fsr-3923	225	25	investment	investment	NOUN
fsr-3923	225	26	advisory	advisory	NOUN
fsr-3923	225	27	fees	fee	NOUN
fsr-3923	225	28	as	as	ADP
fsr-3923	225	29	assets	asset	NOUN
fsr-3923	225	30	under	under	ADP
fsr-3923	225	31	management	management	NOUN
fsr-3923	225	32	increase	increase	NOUN
fsr-3923	225	33	.	.	PUNCT
fsr-3923	226	1	we	we	PRON
fsr-3923	226	2	find	find	VERB
fsr-3923	226	3	that	that	SCONJ
fsr-3923	226	4	institutional	institutional	ADJ
fsr-3923	226	5	accounts	account	NOUN
fsr-3923	226	6	have	have	VERB
fsr-3923	226	7	much	much	ADV
fsr-3923	226	8	lower	low	ADJ
fsr-3923	226	9	investment	investment	NOUN
fsr-3923	226	10	advisory	advisory	NOUN
fsr-3923	226	11	fees	fee	NOUN
fsr-3923	226	12	than	than	ADP
fsr-3923	226	13	retail	retail	ADJ
fsr-3923	226	14	mutual	mutual	ADJ
fsr-3923	226	15	funds	fund	NOUN
fsr-3923	226	16	and	and	CCONJ
fsr-3923	226	17	provide	provide	VERB
fsr-3923	226	18	significantly	significantly	ADV
fsr-3923	226	19	greater	great	ADJ
fsr-3923	226	20	fee	fee	NOUN
fsr-3923	226	21	concessions	concession	NOUN
fsr-3923	226	22	as	as	SCONJ
fsr-3923	226	23	assets	asset	NOUN
fsr-3923	226	24	under	under	ADP
fsr-3923	226	25	management	management	NOUN
fsr-3923	226	26	grow	grow	VERB
fsr-3923	226	27	.	.	PUNCT
fsr-3923	227	1	in	in	ADP
fsr-3923	227	2	contrast	contrast	NOUN
fsr-3923	227	3	,	,	PUNCT
fsr-3923	227	4	mutual	mutual	ADJ
fsr-3923	227	5	funds	fund	NOUN
fsr-3923	227	6	provide	provide	VERB
fsr-3923	227	7	fee	fee	NOUN
fsr-3923	227	8	concessions	concession	NOUN
fsr-3923	227	9	for	for	ADP
fsr-3923	227	10	administrative	administrative	ADJ
fsr-3923	227	11	services	service	NOUN
fsr-3923	227	12	.	.	PUNCT
fsr-3923	228	1	however	however	ADV
fsr-3923	228	2	,	,	PUNCT
fsr-3923	228	3	these	these	DET
fsr-3923	228	4	services	service	NOUN
fsr-3923	228	5	can	can	AUX
fsr-3923	228	6	be	be	AUX
fsr-3923	228	7	independently	independently	ADV
fsr-3923	228	8	procured	procure	VERB
fsr-3923	228	9	at	at	ADP
fsr-3923	228	10	costs	cost	NOUN
fsr-3923	228	11	competitive	competitive	ADJ
fsr-3923	228	12	with	with	ADP
fsr-3923	228	13	the	the	DET
fsr-3923	228	14	mutual	mutual	ADJ
fsr-3923	228	15	funds	fund	NOUN
fsr-3923	228	16	’	'	PUNCT
fsr-3923	228	17	charges	charge	NOUN
fsr-3923	228	18	.	.	PUNCT
fsr-3923	229	1	our	our	PRON
fsr-3923	229	2	empirical	empirical	ADJ
fsr-3923	229	3	analysis	analysis	NOUN
fsr-3923	229	4	uses	use	VERB
fsr-3923	229	5	two	two	NUM
fsr-3923	229	6	data	datum	NOUN
fsr-3923	229	7	sets	set	NOUN
fsr-3923	229	8	compiled	compile	VERB
fsr-3923	229	9	by	by	ADP
fsr-3923	229	10	freeman	freeman	NOUN
fsr-3923	229	11	and	and	CCONJ
fsr-3923	229	12	brown	brown	ADJ
fsr-3923	229	13	(	(	PUNCT
fsr-3923	229	14	2001	2001	NUM
fsr-3923	229	15	)	)	PUNCT
fsr-3923	229	16	to	to	PART
fsr-3923	229	17	compare	compare	VERB
fsr-3923	229	18	the	the	DET
fsr-3923	229	19	costs	cost	NOUN
fsr-3923	229	20	of	of	ADP
fsr-3923	229	21	actively	actively	ADV
fsr-3923	229	22	managed	manage	VERB
fsr-3923	229	23	domestic	domestic	ADJ
fsr-3923	229	24	equity	equity	NOUN
fsr-3923	229	25	mutual	mutual	ADJ
fsr-3923	229	26	funds	fund	NOUN
fsr-3923	229	27	and	and	CCONJ
fsr-3923	229	28	externally	externally	ADV
fsr-3923	229	29	managed	manage	VERB
fsr-3923	229	30	equity	equity	NOUN
fsr-3923	229	31	institutional	institutional	ADJ
fsr-3923	229	32	investment	investment	NOUN
fsr-3923	229	33	products	product	NOUN
fsr-3923	229	34	.	.	PUNCT
fsr-3923	230	1	readers	reader	NOUN
fsr-3923	230	2	are	be	AUX
fsr-3923	230	3	referred	refer	VERB
fsr-3923	230	4	to	to	ADP
fsr-3923	230	5	that	that	DET
fsr-3923	230	6	paper	paper	NOUN
fsr-3923	230	7	for	for	ADP
fsr-3923	230	8	methodological	methodological	ADJ
fsr-3923	230	9	details	detail	NOUN
fsr-3923	230	10	.	.	PUNCT
fsr-3923	231	1	freeman	freeman	NOUN
fsr-3923	231	2	and	and	CCONJ
fsr-3923	231	3	brown	brown	PROPN
fsr-3923	231	4	sent	send	VERB
fsr-3923	231	5	inquiries	inquiry	NOUN
fsr-3923	231	6	to	to	ADP
fsr-3923	231	7	the	the	DET
fsr-3923	231	8	100	100	NUM
fsr-3923	231	9	largest	large	ADJ
fsr-3923	231	10	db	db	ADP
fsr-3923	231	11	public	public	ADJ
fsr-3923	231	12	pension	pension	NOUN
fsr-3923	231	13	funds	fund	NOUN
fsr-3923	231	14	listed	list	VERB
fsr-3923	231	15	in	in	ADP
fsr-3923	231	16	the	the	DET
fsr-3923	231	17	january	january	PROPN
fsr-3923	231	18	25	25	NUM
fsr-3923	231	19	,	,	PUNCT
fsr-3923	231	20	1999	1999	NUM
fsr-3923	231	21	edition	edition	NOUN
fsr-3923	231	22	of	of	ADP
fsr-3923	231	23	pensions	pension	NOUN
fsr-3923	231	24	and	and	CCONJ
fsr-3923	231	25	investments	investment	NOUN
fsr-3923	231	26	.	.	PUNCT
fsr-3923	232	1	data	datum	NOUN
fsr-3923	232	2	for	for	ADP
fsr-3923	232	3	1999	1999	NUM
fsr-3923	232	4	was	be	AUX
fsr-3923	232	5	collected	collect	VERB
fsr-3923	232	6	on	on	ADP
fsr-3923	232	7	220	220	NUM
fsr-3923	232	8	individual	individual	ADJ
fsr-3923	232	9	external	external	ADJ
fsr-3923	232	10	actively	actively	ADV
fsr-3923	232	11	managed	manage	VERB
fsr-3923	232	12	domestic	domestic	ADJ
fsr-3923	232	13	equity	equity	NOUN
fsr-3923	232	14	portfolios	portfolio	NOUN
fsr-3923	232	15	with	with	ADP
fsr-3923	232	16	a	a	DET
fsr-3923	232	17	total	total	NOUN
fsr-3923	232	18	of	of	ADP
fsr-3923	232	19	$	$	SYM
fsr-3923	232	20	97.5	97.5	NUM
fsr-3923	232	21	billion	billion	NUM
fsr-3923	232	22	in	in	ADP
fsr-3923	232	23	assets	asset	NOUN
fsr-3923	232	24	.	.	PUNCT
fsr-3923	233	1	the	the	DET
fsr-3923	233	2	average	average	ADJ
fsr-3923	233	3	portfolio	portfolio	NOUN
fsr-3923	233	4	size	size	NOUN
fsr-3923	233	5	was	be	AUX
fsr-3923	233	6	$	$	SYM
fsr-3923	233	7	443	443	NUM
fsr-3923	233	8	million	million	NUM
fsr-3923	233	9	,	,	PUNCT
fsr-3923	233	10	with	with	ADP
fsr-3923	233	11	the	the	DET
fsr-3923	233	12	range	range	NOUN
fsr-3923	233	13	extending	extend	VERB
fsr-3923	233	14	from	from	ADP
fsr-3923	233	15	$	$	SYM
fsr-3923	233	16	15	15	NUM
fsr-3923	233	17	million	million	NUM
fsr-3923	233	18	to	to	PART
fsr-3923	233	19	$	$	SYM
fsr-3923	233	20	4.8	4.8	NUM
fsr-3923	233	21	billion	billion	NUM
fsr-3923	233	22	.	.	PUNCT
fsr-3923	234	1	morningstar	morningstar	PROPN
fsr-3923	234	2	’s	’s	PART
fsr-3923	234	3	principia	principia	PROPN
fsr-3923	234	4	pro	pro	ADJ
fsr-3923	234	5	compilation	compilation	NOUN
fsr-3923	234	6	for	for	ADP
fsr-3923	234	7	october	october	PROPN
fsr-3923	234	8	1999	1999	NUM
fsr-3923	234	9	was	be	AUX
fsr-3923	234	10	the	the	DET
fsr-3923	234	11	chief	chief	ADJ
fsr-3923	234	12	source	source	NOUN
fsr-3923	234	13	of	of	ADP
fsr-3923	234	14	mutual	mutual	ADJ
fsr-3923	234	15	fund	fund	NOUN
fsr-3923	234	16	data	datum	NOUN
fsr-3923	234	17	.	.	PUNCT
fsr-3923	235	1	after	after	ADP
fsr-3923	235	2	eliminating	eliminate	VERB
fsr-3923	235	3	funds	fund	NOUN
fsr-3923	235	4	with	with	ADP
fsr-3923	235	5	zero	zero	NUM
fsr-3923	235	6	assets	asset	NOUN
fsr-3923	235	7	and	and	CCONJ
fsr-3923	235	8	missing	miss	VERB
fsr-3923	235	9	data	datum	NOUN
fsr-3923	235	10	,	,	PUNCT
fsr-3923	235	11	the	the	DET
fsr-3923	235	12	sample	sample	NOUN
fsr-3923	235	13	consisted	consist	VERB
fsr-3923	235	14	of	of	ADP
fsr-3923	235	15	4,943	4,943	NUM
fsr-3923	235	16	equity	equity	NOUN
fsr-3923	235	17	funds	fund	NOUN
fsr-3923	235	18	.	.	PUNCT
fsr-3923	236	1	multiclass	multiclass	ADJ
fsr-3923	236	2	funds	fund	NOUN
fsr-3923	236	3	were	be	AUX
fsr-3923	236	4	aggregated	aggregate	VERB
fsr-3923	236	5	into	into	ADP
fsr-3923	236	6	single	single	ADJ
fsr-3923	236	7	funds	fund	NOUN
fsr-3923	236	8	where	where	SCONJ
fsr-3923	236	9	weighted	weight	VERB
fsr-3923	236	10	averages	average	NOUN
fsr-3923	236	11	of	of	ADP
fsr-3923	236	12	various	various	ADJ
fsr-3923	236	13	expense	expense	NOUN
fsr-3923	236	14	ratios	ratio	NOUN
fsr-3923	236	15	were	be	AUX
fsr-3923	236	16	obtained	obtain	VERB
fsr-3923	236	17	,	,	PUNCT
fsr-3923	236	18	using	use	VERB
fsr-3923	236	19	subfund	subfund	ADJ
fsr-3923	236	20	assets	asset	NOUN
fsr-3923	236	21	as	as	ADP
fsr-3923	236	22	weights	weight	NOUN
fsr-3923	236	23	.	.	PUNCT
fsr-3923	237	1	investment	investment	NOUN
fsr-3923	237	2	advisory	advisory	ADJ
fsr-3923	237	3	fee	fee	NOUN
fsr-3923	237	4	and	and	CCONJ
fsr-3923	237	5	administrative	administrative	ADJ
fsr-3923	237	6	fee	fee	NOUN
fsr-3923	237	7	ratios	ratio	NOUN
fsr-3923	237	8	were	be	AUX
fsr-3923	237	9	separately	separately	ADV
fsr-3923	237	10	compiled	compile	VERB
fsr-3923	237	11	,	,	PUNCT
fsr-3923	237	12	where	where	SCONJ
fsr-3923	237	13	administable	administable	ADJ
fsr-3923	237	14	3	3	NUM
fsr-3923	237	15	average	average	ADJ
fsr-3923	237	16	mutual	mutual	ADJ
fsr-3923	237	17	fund	fund	NOUN
fsr-3923	237	18	expense	expense	NOUN
fsr-3923	237	19	ratios	ratio	NOUN
fsr-3923	237	20	and	and	CCONJ
fsr-3923	237	21	separate	separate	ADJ
fsr-3923	237	22	account	account	NOUN
fsr-3923	237	23	management	management	NOUN
fsr-3923	237	24	fees	fee	NOUN
fsr-3923	237	25	data	datum	NOUN
fsr-3923	237	26	from	from	ADP
fsr-3923	237	27	1996	1996	NUM
fsr-3923	237	28	and	and	CCONJ
fsr-3923	237	29	expressed	express	VERB
fsr-3923	237	30	as	as	ADP
fsr-3923	237	31	percent	percent	NOUN
fsr-3923	237	32	of	of	ADP
fsr-3923	237	33	assets	asset	NOUN
fsr-3923	237	34	fund	fund	NOUN
fsr-3923	237	35	categories	category	NOUN
fsr-3923	237	36	most	most	ADV
fsr-3923	237	37	common	common	ADJ
fsr-3923	237	38	retail	retail	ADJ
fsr-3923	237	39	mutual	mutual	ADJ
fsr-3923	237	40	funds	fund	NOUN
fsr-3923	237	41	in	in	ADP
fsr-3923	237	42	dc	dc	PROPN
fsr-3923	237	43	plans	plan	VERB
fsr-3923	237	44	institutional	institutional	ADJ
fsr-3923	237	45	mutual	mutual	ADJ
fsr-3923	237	46	funds	fund	NOUN
fsr-3923	237	47	$	$	SYM
fsr-3923	237	48	25	25	NUM
fsr-3923	237	49	million	million	NUM
fsr-3923	237	50	separate	separate	ADJ
fsr-3923	237	51	account	account	NOUN
fsr-3923	237	52	indexed	index	VERB
fsr-3923	237	53	u.s	u.s	PROPN
fsr-3923	237	54	.	.	PROPN
fsr-3923	237	55	stocks	stock	NOUN
fsr-3923	237	56	0.27	0.27	NUM
fsr-3923	237	57	%	%	NOUN
fsr-3923	237	58	0.35	0.35	NUM
fsr-3923	237	59	%	%	NOUN
fsr-3923	237	60	0.13	0.13	NUM
fsr-3923	237	61	%	%	NOUN
fsr-3923	237	62	active	active	ADJ
fsr-3923	237	63	large	large	ADJ
fsr-3923	237	64	stocks	stock	NOUN
fsr-3923	237	65	0.83	0.83	NUM
fsr-3923	237	66	%	%	NOUN
fsr-3923	237	67	0.91	0.91	NUM
fsr-3923	237	68	%	%	NOUN
fsr-3923	237	69	0.63	0.63	NUM
fsr-3923	237	70	%	%	NOUN
fsr-3923	237	71	active	active	ADJ
fsr-3923	237	72	small	small	ADJ
fsr-3923	237	73	stocks	stock	NOUN
fsr-3923	237	74	1.06	1.06	NUM
fsr-3923	237	75	%	%	NOUN
fsr-3923	237	76	1.01	1.01	NUM
fsr-3923	237	77	%	%	NOUN
fsr-3923	237	78	0.95	0.95	NUM
fsr-3923	237	79	%	%	NOUN
fsr-3923	237	80	foreign	foreign	ADJ
fsr-3923	237	81	stocks	stock	NOUN
fsr-3923	237	82	1.33	1.33	NUM
fsr-3923	237	83	%	%	NOUN
fsr-3923	237	84	1.15	1.15	NUM
fsr-3923	237	85	%	%	NOUN
fsr-3923	237	86	0.75	0.75	NUM
fsr-3923	237	87	%	%	NOUN
fsr-3923	237	88	active	active	ADJ
fsr-3923	237	89	u.s	u.s	PROPN
fsr-3923	237	90	.	.	PROPN
fsr-3923	237	91	bonds	bond	NOUN
fsr-3923	237	92	na	na	ADP
fsr-3923	237	93	0.69	0.69	NUM
fsr-3923	237	94	%	%	NOUN
fsr-3923	237	95	0.37	0.37	NUM
fsr-3923	237	96	%	%	NOUN
fsr-3923	237	97	source	source	NOUN
fsr-3923	237	98	:	:	PUNCT
fsr-3923	237	99	cerulli	cerulli	PROPN
fsr-3923	237	100	associates	associates	PROPN
fsr-3923	237	101	data	datum	NOUN
fsr-3923	237	102	cited	cite	VERB
fsr-3923	237	103	in	in	ADP
fsr-3923	237	104	u.s	u.s	PROPN
fsr-3923	237	105	.	.	PROPN
fsr-3923	237	106	department	department	PROPN
fsr-3923	237	107	of	of	ADP
fsr-3923	237	108	labor	labor	NOUN
fsr-3923	237	109	publication	publication	NOUN
fsr-3923	237	110	:	:	PUNCT
fsr-3923	237	111	study	study	NOUN
fsr-3923	237	112	of	of	ADP
fsr-3923	237	113	401(k	401(k	PROPN
fsr-3923	237	114	)	)	PUNCT
fsr-3923	237	115	plan	plan	NOUN
fsr-3923	237	116	fees	fee	NOUN
fsr-3923	237	117	and	and	CCONJ
fsr-3923	237	118	expenses	expense	NOUN
fsr-3923	237	119	,	,	PUNCT
fsr-3923	237	120	april	april	PROPN
fsr-3923	237	121	13	13	NUM
fsr-3923	237	122	,	,	PUNCT
fsr-3923	237	123	1998	1998	NUM
fsr-3923	237	124	,	,	PUNCT
fsr-3923	237	125	contract	contract	NOUN
fsr-3923	237	126	no	no	INTJ
fsr-3923	237	127	.	.	PUNCT
fsr-3923	238	1	j	j	PROPN
fsr-3923	238	2	-	-	PUNCT
fsr-3923	238	3	p-7	p-7	PROPN
fsr-3923	238	4	-	-	PUNCT
fsr-3923	238	5	0046	0046	NUM
fsr-3923	238	6	,	,	PUNCT
fsr-3923	238	7	task	task	NOUN
fsr-3923	238	8	order	order	NOUN
fsr-3923	238	9	209k.w	209k.w	PROPN
fsr-3923	238	10	.	.	PUNCT
fsr-3923	239	1	sigrist	sigrist	PROPN
fsr-3923	239	2	,	,	PUNCT
fsr-3923	239	3	s.l	s.l	PROPN
fsr-3923	239	4	.	.	PROPN
fsr-3923	239	5	brown	brown	ADJ
fsr-3923	239	6	/	/	SYM
fsr-3923	239	7	financial	financial	ADJ
fsr-3923	239	8	services	service	NOUN
fsr-3923	239	9	review	review	VERB
fsr-3923	239	10	9	9	NUM
fsr-3923	239	11	(	(	PUNCT
fsr-3923	239	12	2000	2000	NUM
fsr-3923	239	13	)	)	PUNCT
fsr-3923	240	1	197–218	197–218	NUM
fsr-3923	240	2	trative	trative	ADJ
fsr-3923	240	3	fees	fee	NOUN
fsr-3923	240	4	were	be	AUX
fsr-3923	240	5	defined	define	VERB
fsr-3923	240	6	to	to	PART
fsr-3923	240	7	exclude	exclude	VERB
fsr-3923	240	8	marketing	marketing	NOUN
fsr-3923	240	9	and	and	CCONJ
fsr-3923	240	10	distribution	distribution	NOUN
fsr-3923	240	11	fees	fee	NOUN
fsr-3923	240	12	(	(	PUNCT
fsr-3923	240	13	e.g.	e.g.	ADV
fsr-3923	240	14	,	,	PUNCT
fsr-3923	240	15	12b-1	12b-1	NUM
fsr-3923	240	16	)	)	PUNCT
fsr-3923	240	17	.	.	PUNCT
fsr-3923	241	1	administrative	administrative	ADJ
fsr-3923	241	2	fees	fee	NOUN
fsr-3923	241	3	include	include	VERB
fsr-3923	241	4	transfer	transfer	NOUN
fsr-3923	241	5	agent	agent	NOUN
fsr-3923	241	6	fees	fee	NOUN
fsr-3923	241	7	,	,	PUNCT
fsr-3923	241	8	custodial	custodial	ADJ
fsr-3923	241	9	services	service	NOUN
fsr-3923	241	10	,	,	PUNCT
fsr-3923	241	11	accounting	accounting	NOUN
fsr-3923	241	12	fees	fee	NOUN
fsr-3923	241	13	and	and	CCONJ
fsr-3923	241	14	director	director	NOUN
fsr-3923	241	15	’s	’s	PART
fsr-3923	241	16	fees	fee	NOUN
fsr-3923	241	17	.	.	PUNCT
fsr-3923	242	1	screens	screen	NOUN
fsr-3923	242	2	were	be	AUX
fsr-3923	242	3	applied	apply	VERB
fsr-3923	242	4	to	to	PART
fsr-3923	242	5	generate	generate	VERB
fsr-3923	242	6	a	a	DET
fsr-3923	242	7	sample	sample	NOUN
fsr-3923	242	8	of	of	ADP
fsr-3923	242	9	mutual	mutual	ADJ
fsr-3923	242	10	funds	fund	NOUN
fsr-3923	242	11	closely	closely	ADV
fsr-3923	242	12	corresponding	correspond	VERB
fsr-3923	242	13	to	to	ADP
fsr-3923	242	14	characteristics	characteristic	NOUN
fsr-3923	242	15	of	of	ADP
fsr-3923	242	16	portfolios	portfolio	NOUN
fsr-3923	242	17	of	of	ADP
fsr-3923	242	18	public	public	ADJ
fsr-3923	242	19	pension	pension	NOUN
fsr-3923	242	20	funds	fund	NOUN
fsr-3923	242	21	.	.	PUNCT
fsr-3923	243	1	the	the	DET
fsr-3923	243	2	final	final	ADJ
fsr-3923	243	3	mutual	mutual	ADJ
fsr-3923	243	4	fund	fund	NOUN
fsr-3923	243	5	sample	sample	NOUN
fsr-3923	243	6	consisted	consist	VERB
fsr-3923	243	7	of	of	ADP
fsr-3923	243	8	1,343	1,343	NUM
fsr-3923	243	9	funds	fund	NOUN
fsr-3923	243	10	representing	represent	VERB
fsr-3923	243	11	a	a	DET
fsr-3923	243	12	total	total	ADJ
fsr-3923	243	13	market	market	NOUN
fsr-3923	243	14	value	value	NOUN
fsr-3923	243	15	of	of	ADP
fsr-3923	243	16	about	about	ADV
fsr-3923	243	17	$	$	SYM
fsr-3923	243	18	1.77	1.77	NUM
fsr-3923	243	19	trillion	trillion	NUM
fsr-3923	243	20	.	.	PUNCT
fsr-3923	244	1	the	the	DET
fsr-3923	244	2	average	average	ADJ
fsr-3923	244	3	portfolio	portfolio	NOUN
fsr-3923	244	4	size	size	NOUN
fsr-3923	244	5	was	be	AUX
fsr-3923	244	6	$	$	SYM
fsr-3923	244	7	1.3	1.3	NUM
fsr-3923	244	8	billion	billion	NUM
fsr-3923	244	9	,	,	PUNCT
fsr-3923	244	10	with	with	ADP
fsr-3923	244	11	the	the	DET
fsr-3923	244	12	range	range	NOUN
fsr-3923	244	13	extending	extend	VERB
fsr-3923	244	14	from	from	ADP
fsr-3923	244	15	$	$	SYM
fsr-3923	244	16	15	15	NUM
fsr-3923	244	17	million	million	NUM
fsr-3923	244	18	to	to	PART
fsr-3923	244	19	$	$	SYM
fsr-3923	244	20	92.2	92.2	NUM
fsr-3923	244	21	billion	billion	NUM
fsr-3923	244	22	.	.	PUNCT
fsr-3923	245	1	within	within	ADP
fsr-3923	245	2	the	the	DET
fsr-3923	245	3	sample	sample	NOUN
fsr-3923	245	4	are	be	AUX
fsr-3923	245	5	1205	1205	NUM
fsr-3923	245	6	retail	retail	ADJ
fsr-3923	245	7	mutual	mutual	ADJ
fsr-3923	245	8	funds	fund	NOUN
fsr-3923	245	9	with	with	ADP
fsr-3923	245	10	a	a	DET
fsr-3923	245	11	market	market	NOUN
fsr-3923	245	12	value	value	NOUN
fsr-3923	245	13	of	of	ADP
fsr-3923	245	14	$	$	SYM
fsr-3923	245	15	1.71	1.71	NUM
fsr-3923	245	16	trillion	trillion	NUM
fsr-3923	245	17	and	and	CCONJ
fsr-3923	245	18	138	138	NUM
fsr-3923	245	19	institutional	institutional	ADJ
fsr-3923	245	20	mutual	mutual	ADJ
fsr-3923	245	21	funds	fund	NOUN
fsr-3923	245	22	with	with	ADP
fsr-3923	245	23	a	a	DET
fsr-3923	245	24	market	market	NOUN
fsr-3923	245	25	value	value	NOUN
fsr-3923	245	26	of	of	ADP
fsr-3923	245	27	$	$	SYM
fsr-3923	245	28	56	56	NUM
fsr-3923	245	29	billion	billion	NUM
fsr-3923	245	30	.	.	PUNCT
fsr-3923	246	1	institutional	institutional	ADJ
fsr-3923	246	2	mutual	mutual	ADJ
fsr-3923	246	3	funds	fund	NOUN
fsr-3923	246	4	were	be	AUX
fsr-3923	246	5	defined	define	VERB
fsr-3923	246	6	as	as	ADP
fsr-3923	246	7	single	single	ADJ
fsr-3923	246	8	-	-	PUNCT
fsr-3923	246	9	class	class	NOUN
fsr-3923	246	10	funds	fund	NOUN
fsr-3923	246	11	having	have	VERB
fsr-3923	246	12	a	a	DET
fsr-3923	246	13	minimum	minimum	ADJ
fsr-3923	246	14	initial	initial	ADJ
fsr-3923	246	15	balance	balance	NOUN
fsr-3923	246	16	of	of	ADP
fsr-3923	246	17	$	$	SYM
fsr-3923	246	18	100,000	100,000	NUM
fsr-3923	246	19	or	or	CCONJ
fsr-3923	246	20	more	more	ADJ
fsr-3923	246	21	.	.	PUNCT
fsr-3923	247	1	importantly	importantly	ADV
fsr-3923	247	2	,	,	PUNCT
fsr-3923	247	3	there	there	PRON
fsr-3923	247	4	are	be	VERB
fsr-3923	247	5	no	no	DET
fsr-3923	247	6	significant	significant	ADJ
fsr-3923	247	7	differences	difference	NOUN
fsr-3923	247	8	between	between	ADP
fsr-3923	247	9	the	the	DET
fsr-3923	247	10	cost	cost	NOUN
fsr-3923	247	11	economics	economic	NOUN
fsr-3923	247	12	of	of	ADP
fsr-3923	247	13	providing	provide	VERB
fsr-3923	247	14	investment	investment	NOUN
fsr-3923	247	15	advisory	advisory	ADJ
fsr-3923	247	16	services	service	NOUN
fsr-3923	247	17	to	to	ADP
fsr-3923	247	18	mutual	mutual	ADJ
fsr-3923	247	19	funds	fund	NOUN
fsr-3923	247	20	and	and	CCONJ
fsr-3923	247	21	db	db	VERB
fsr-3923	247	22	pension	pension	NOUN
fsr-3923	247	23	fund	fund	NOUN
fsr-3923	247	24	separate	separate	ADJ
fsr-3923	247	25	accounts	account	NOUN
fsr-3923	247	26	.	.	PUNCT
fsr-3923	248	1	investment	investment	NOUN
fsr-3923	248	2	management	management	NOUN
fsr-3923	248	3	firms	firm	NOUN
fsr-3923	248	4	commonly	commonly	ADV
fsr-3923	248	5	offer	offer	VERB
fsr-3923	248	6	nearly	nearly	ADV
fsr-3923	248	7	identical	identical	ADJ
fsr-3923	248	8	investment	investment	NOUN
fsr-3923	248	9	products	product	NOUN
fsr-3923	248	10	in	in	ADP
fsr-3923	248	11	both	both	CCONJ
fsr-3923	248	12	the	the	DET
fsr-3923	248	13	institutional	institutional	ADJ
fsr-3923	248	14	and	and	CCONJ
fsr-3923	248	15	retail	retail	ADJ
fsr-3923	248	16	markets	market	NOUN
fsr-3923	248	17	.	.	PUNCT
fsr-3923	249	1	investment	investment	NOUN
fsr-3923	249	2	management	management	NOUN
fsr-3923	249	3	firms	firm	NOUN
fsr-3923	249	4	also	also	ADV
fsr-3923	249	5	access	access	VERB
fsr-3923	249	6	the	the	DET
fsr-3923	249	7	same	same	ADJ
fsr-3923	249	8	markets	market	NOUN
fsr-3923	249	9	for	for	ADP
fsr-3923	249	10	inputs	input	NOUN
fsr-3923	249	11	:	:	PUNCT
fsr-3923	249	12	human	human	ADJ
fsr-3923	249	13	capital	capital	NOUN
fsr-3923	249	14	,	,	PUNCT
fsr-3923	249	15	information	information	NOUN
fsr-3923	249	16	and	and	CCONJ
fsr-3923	249	17	technology	technology	NOUN
fsr-3923	249	18	.	.	PUNCT
fsr-3923	250	1	thus	thus	ADV
fsr-3923	250	2	,	,	PUNCT
fsr-3923	250	3	investment	investment	NOUN
fsr-3923	250	4	advisory	advisory	ADJ
fsr-3923	250	5	services	service	NOUN
fsr-3923	250	6	are	be	AUX
fsr-3923	250	7	essentially	essentially	ADV
fsr-3923	250	8	a	a	DET
fsr-3923	250	9	commodity	commodity	NOUN
fsr-3923	250	10	and	and	CCONJ
fsr-3923	250	11	fungible	fungible	ADJ
fsr-3923	250	12	between	between	ADP
fsr-3923	250	13	mutual	mutual	ADJ
fsr-3923	250	14	funds	fund	NOUN
fsr-3923	250	15	and	and	CCONJ
fsr-3923	250	16	institutional	institutional	ADJ
fsr-3923	250	17	accounts	account	NOUN
fsr-3923	250	18	.	.	PUNCT
fsr-3923	251	1	however	however	ADV
fsr-3923	251	2	,	,	PUNCT
fsr-3923	251	3	there	there	PRON
fsr-3923	251	4	are	be	VERB
fsr-3923	251	5	significant	significant	ADJ
fsr-3923	251	6	administrative	administrative	ADJ
fsr-3923	251	7	cost	cost	NOUN
fsr-3923	251	8	differences	difference	NOUN
fsr-3923	251	9	between	between	ADP
fsr-3923	251	10	mutual	mutual	ADJ
fsr-3923	251	11	funds	fund	NOUN
fsr-3923	251	12	and	and	CCONJ
fsr-3923	251	13	db	db	VERB
fsr-3923	251	14	pension	pension	NOUN
fsr-3923	251	15	fund	fund	NOUN
fsr-3923	251	16	separate	separate	ADJ
fsr-3923	251	17	accounts	account	NOUN
fsr-3923	251	18	.	.	PUNCT
fsr-3923	252	1	mutual	mutual	ADJ
fsr-3923	252	2	funds	fund	NOUN
fsr-3923	252	3	are	be	AUX
fsr-3923	252	4	valued	value	VERB
fsr-3923	252	5	daily	daily	ADV
fsr-3923	252	6	,	,	PUNCT
fsr-3923	252	7	rather	rather	ADV
fsr-3923	252	8	than	than	ADP
fsr-3923	252	9	monthly	monthly	ADV
fsr-3923	252	10	.	.	PUNCT
fsr-3923	253	1	also	also	ADV
fsr-3923	253	2	,	,	PUNCT
fsr-3923	253	3	retail	retail	ADJ
fsr-3923	253	4	mutual	mutual	ADJ
fsr-3923	253	5	fund	fund	NOUN
fsr-3923	253	6	administrative	administrative	ADJ
fsr-3923	253	7	fees	fee	NOUN
fsr-3923	253	8	incorporate	incorporate	VERB
fsr-3923	253	9	accounting	accounting	NOUN
fsr-3923	253	10	/	/	SYM
fsr-3923	253	11	record	record	NOUN
fsr-3923	253	12	-	-	PUNCT
fsr-3923	253	13	keeping	keep	VERB
fsr-3923	253	14	costs	cost	NOUN
fsr-3923	253	15	at	at	ADP
fsr-3923	253	16	the	the	DET
fsr-3923	253	17	individual	individual	ADJ
fsr-3923	253	18	account	account	NOUN
fsr-3923	253	19	level	level	NOUN
fsr-3923	253	20	.	.	PUNCT
fsr-3923	254	1	these	these	DET
fsr-3923	254	2	accounts	account	NOUN
fsr-3923	254	3	are	be	AUX
fsr-3923	254	4	much	much	ADV
fsr-3923	254	5	smaller	small	ADJ
fsr-3923	254	6	than	than	ADP
fsr-3923	254	7	the	the	DET
fsr-3923	254	8	typical	typical	ADJ
fsr-3923	254	9	db	db	PROPN
fsr-3923	254	10	institutional	institutional	ADJ
fsr-3923	254	11	account	account	NOUN
fsr-3923	254	12	.	.	PUNCT
fsr-3923	255	1	smaller	small	ADJ
fsr-3923	255	2	account	account	NOUN
fsr-3923	255	3	size	size	NOUN
fsr-3923	255	4	entails	entail	VERB
fsr-3923	255	5	higher	high	ADJ
fsr-3923	255	6	average	average	ADJ
fsr-3923	255	7	administrative	administrative	ADJ
fsr-3923	255	8	fees	fee	NOUN
fsr-3923	255	9	.	.	PUNCT
fsr-3923	256	1	therefore	therefore	ADV
fsr-3923	256	2	,	,	PUNCT
fsr-3923	256	3	we	we	PRON
fsr-3923	256	4	separate	separate	VERB
fsr-3923	256	5	administrative	administrative	ADJ
fsr-3923	256	6	fees	fee	NOUN
fsr-3923	256	7	and	and	CCONJ
fsr-3923	256	8	investment	investment	NOUN
fsr-3923	256	9	advisory	advisory	NOUN
fsr-3923	256	10	fees	fee	NOUN
fsr-3923	256	11	in	in	ADP
fsr-3923	256	12	the	the	DET
fsr-3923	256	13	following	follow	VERB
fsr-3923	256	14	analysis	analysis	NOUN
fsr-3923	256	15	.	.	PUNCT
fsr-3923	257	1	this	this	DET
fsr-3923	257	2	paper	paper	NOUN
fsr-3923	257	3	expands	expand	VERB
fsr-3923	257	4	on	on	ADP
fsr-3923	257	5	freeman	freeman	PROPN
fsr-3923	257	6	and	and	CCONJ
fsr-3923	257	7	brown	brown	PROPN
fsr-3923	257	8	’s	’s	PART
fsr-3923	257	9	analysis	analysis	NOUN
fsr-3923	257	10	in	in	ADP
fsr-3923	257	11	several	several	ADJ
fsr-3923	257	12	ways	way	NOUN
fsr-3923	257	13	.	.	PUNCT
fsr-3923	258	1	first	first	ADV
fsr-3923	258	2	,	,	PUNCT
fsr-3923	258	3	a	a	DET
fsr-3923	258	4	more	more	ADV
fsr-3923	258	5	efficient	efficient	ADJ
fsr-3923	258	6	simultaneous	simultaneous	ADJ
fsr-3923	258	7	equation	equation	NOUN
fsr-3923	258	8	model	model	NOUN
fsr-3923	258	9	is	be	AUX
fsr-3923	258	10	used	use	VERB
fsr-3923	258	11	to	to	PART
fsr-3923	258	12	test	test	VERB
fsr-3923	258	13	for	for	ADP
fsr-3923	258	14	different	different	ADJ
fsr-3923	258	15	economies	economy	NOUN
fsr-3923	258	16	of	of	ADP
fsr-3923	258	17	scale	scale	NOUN
fsr-3923	258	18	for	for	ADP
fsr-3923	258	19	mutual	mutual	ADJ
fsr-3923	258	20	fund	fund	NOUN
fsr-3923	258	21	administrative	administrative	ADJ
fsr-3923	258	22	fees	fee	NOUN
fsr-3923	258	23	and	and	CCONJ
fsr-3923	258	24	investment	investment	NOUN
fsr-3923	258	25	advisory	advisory	ADJ
fsr-3923	258	26	fees	fee	NOUN
fsr-3923	258	27	.	.	PUNCT
fsr-3923	259	1	second	second	ADJ
fsr-3923	259	2	,	,	PUNCT
fsr-3923	259	3	cost	cost	NOUN
fsr-3923	259	4	equations	equation	NOUN
fsr-3923	259	5	utilize	utilize	VERB
fsr-3923	259	6	dummy	dummy	ADJ
fsr-3923	259	7	variables	variable	NOUN
fsr-3923	259	8	to	to	PART
fsr-3923	259	9	capture	capture	VERB
fsr-3923	259	10	different	different	ADJ
fsr-3923	259	11	cost	cost	NOUN
fsr-3923	259	12	structures	structure	NOUN
fsr-3923	259	13	for	for	ADP
fsr-3923	259	14	large	large	ADJ
fsr-3923	259	15	-	-	PUNCT
fsr-3923	259	16	cap	cap	NOUN
fsr-3923	259	17	mutual	mutual	ADJ
fsr-3923	259	18	funds	fund	NOUN
fsr-3923	259	19	,	,	PUNCT
fsr-3923	259	20	midcap	midcap	NOUN
fsr-3923	259	21	mutual	mutual	ADJ
fsr-3923	259	22	funds	fund	NOUN
fsr-3923	259	23	and	and	CCONJ
fsr-3923	259	24	small	small	ADJ
fsr-3923	259	25	-	-	PUNCT
fsr-3923	259	26	cap	cap	NOUN
fsr-3923	259	27	mutual	mutual	ADJ
fsr-3923	259	28	funds	fund	NOUN
fsr-3923	259	29	.	.	PUNCT
fsr-3923	260	1	regression	regression	NOUN
fsr-3923	260	2	equations	equation	NOUN
fsr-3923	260	3	shown	show	VERB
fsr-3923	260	4	in	in	ADP
fsr-3923	260	5	1	1	NUM
fsr-3923	260	6	and	and	CCONJ
fsr-3923	260	7	2	2	NUM
fsr-3923	260	8	below	below	ADV
fsr-3923	260	9	were	be	AUX
fsr-3923	260	10	run	run	VERB
fsr-3923	260	11	on	on	ADP
fsr-3923	260	12	the	the	DET
fsr-3923	260	13	mutual	mutual	ADJ
fsr-3923	260	14	fund	fund	NOUN
fsr-3923	260	15	data	datum	NOUN
fsr-3923	260	16	and	and	CCONJ
fsr-3923	260	17	the	the	DET
fsr-3923	260	18	results	result	NOUN
fsr-3923	260	19	are	be	AUX
fsr-3923	260	20	presented	present	VERB
fsr-3923	260	21	in	in	ADP
fsr-3923	260	22	table	table	NOUN
fsr-3923	260	23	4	4	NUM
fsr-3923	260	24	.	.	PUNCT
fsr-3923	260	25	expense	expense	NOUN
fsr-3923	260	26	ratios	ratio	NOUN
fsr-3923	260	27	are	be	AUX
fsr-3923	260	28	scaled	scale	VERB
fsr-3923	260	29	in	in	ADP
fsr-3923	260	30	basis	basis	NOUN
fsr-3923	260	31	points	point	NOUN
fsr-3923	260	32	and	and	CCONJ
fsr-3923	260	33	size	size	NOUN
fsr-3923	260	34	is	be	AUX
fsr-3923	260	35	scaled	scale	VERB
fsr-3923	260	36	in	in	ADP
fsr-3923	260	37	millions	million	NOUN
fsr-3923	260	38	of	of	ADP
fsr-3923	260	39	dollars	dollar	NOUN
fsr-3923	260	40	under	under	ADP
fsr-3923	260	41	management	management	NOUN
fsr-3923	260	42	.	.	PUNCT
fsr-3923	261	1	because	because	SCONJ
fsr-3923	261	2	of	of	ADP
fsr-3923	261	3	the	the	DET
fsr-3923	261	4	exhaustive	exhaustive	ADJ
fsr-3923	261	5	classification	classification	NOUN
fsr-3923	261	6	of	of	ADP
fsr-3923	261	7	the	the	DET
fsr-3923	261	8	mutual	mutual	ADJ
fsr-3923	261	9	funds	fund	NOUN
fsr-3923	261	10	,	,	PUNCT
fsr-3923	261	11	no	no	DET
fsr-3923	261	12	intercept	intercept	NOUN
fsr-3923	261	13	is	be	AUX
fsr-3923	261	14	included	include	VERB
fsr-3923	261	15	in	in	ADP
fsr-3923	261	16	the	the	DET
fsr-3923	261	17	equations	equation	NOUN
fsr-3923	261	18	.	.	PUNCT
fsr-3923	262	1	1	1	X
fsr-3923	262	2	.	.	X
fsr-3923	262	3	administrative	administrative	ADJ
fsr-3923	262	4	expense	expense	PROPN
fsr-3923	262	5	ratio5	ratio5	NOUN
fsr-3923	262	6	a(1)*(natural	a(1)*(natural	PROPN
fsr-3923	262	7	log	log	NOUN
fsr-3923	262	8	of	of	ADP
fsr-3923	262	9	size)1a(2)*(large	size)1a(2)*(large	NOUN
fsr-3923	262	10	-	-	PUNCT
fsr-3923	262	11	cap	cap	NOUN
fsr-3923	262	12	dummy)1a(3)*(mid	dummy)1a(3)*(mid	ADJ
fsr-3923	262	13	-	-	PUNCT
fsr-3923	262	14	cap	cap	NOUN
fsr-3923	262	15	dummy)1a(4)*(small	dummy)1a(4)*(small	ADJ
fsr-3923	262	16	-	-	PUNCT
fsr-3923	262	17	cap	cap	NOUN
fsr-3923	262	18	dummy	dummy	NOUN
fsr-3923	262	19	)	)	PUNCT
fsr-3923	262	20	2	2	NUM
fsr-3923	262	21	.	.	X
fsr-3923	262	22	investment	investment	NOUN
fsr-3923	262	23	advisory	advisory	ADJ
fsr-3923	262	24	expense	expense	NOUN
fsr-3923	262	25	ratio5	ratio5	NOUN
fsr-3923	262	26	b(1)*(natural	b(1)*(natural	ADJ
fsr-3923	262	27	log	log	NOUN
fsr-3923	262	28	of	of	ADP
fsr-3923	262	29	size)1b(2)*(large	size)1b(2)*(large	ADJ
fsr-3923	262	30	-	-	PUNCT
fsr-3923	262	31	cap	cap	NOUN
fsr-3923	262	32	dummy)1b(3)*(mid	dummy)1b(3)*(mid	NOUN
fsr-3923	262	33	-	-	PUNCT
fsr-3923	262	34	cap	cap	NOUN
fsr-3923	262	35	dummy)1b(4)*(small	dummy)1b(4)*(small	NOUN
fsr-3923	262	36	-	-	PUNCT
fsr-3923	262	37	cap	cap	NOUN
fsr-3923	262	38	dummy	dummy	NOUN
fsr-3923	262	39	)	)	PUNCT
fsr-3923	263	1	the	the	DET
fsr-3923	263	2	regression	regression	NOUN
fsr-3923	263	3	equations	equation	NOUN
fsr-3923	263	4	are	be	AUX
fsr-3923	263	5	highly	highly	ADV
fsr-3923	263	6	statistically	statistically	ADV
fsr-3923	263	7	significant	significant	ADJ
fsr-3923	263	8	,	,	PUNCT
fsr-3923	263	9	as	as	SCONJ
fsr-3923	263	10	are	be	AUX
fsr-3923	263	11	all	all	PRON
fsr-3923	263	12	of	of	ADP
fsr-3923	263	13	the	the	DET
fsr-3923	263	14	individual	individual	ADJ
fsr-3923	263	15	coefficients	coefficient	NOUN
fsr-3923	263	16	,	,	PUNCT
fsr-3923	263	17	except	except	SCONJ
fsr-3923	263	18	the	the	DET
fsr-3923	263	19	size	size	NOUN
fsr-3923	263	20	coefficient	coefficient	NOUN
fsr-3923	263	21	for	for	ADP
fsr-3923	263	22	institutional	institutional	ADJ
fsr-3923	263	23	mutual	mutual	ADJ
fsr-3923	263	24	funds	fund	NOUN
fsr-3923	263	25	.	.	PUNCT
fsr-3923	264	1	significant	significant	ADJ
fsr-3923	264	2	economies	economy	NOUN
fsr-3923	264	3	of	of	ADP
fsr-3923	264	4	scale	scale	NOUN
fsr-3923	264	5	are	be	AUX
fsr-3923	264	6	apparent	apparent	ADJ
fsr-3923	264	7	for	for	ADP
fsr-3923	264	8	both	both	CCONJ
fsr-3923	264	9	administrative	administrative	ADJ
fsr-3923	264	10	expenses	expense	NOUN
fsr-3923	264	11	and	and	CCONJ
fsr-3923	264	12	investment	investment	NOUN
fsr-3923	264	13	advisory	advisory	NOUN
fsr-3923	264	14	expenses	expense	NOUN
fsr-3923	264	15	.	.	PUNCT
fsr-3923	265	1	however	however	ADV
fsr-3923	265	2	,	,	PUNCT
fsr-3923	265	3	scale	scale	NOUN
fsr-3923	265	4	economies	economy	NOUN
fsr-3923	265	5	are	be	AUX
fsr-3923	265	6	roughly	roughly	ADV
fsr-3923	265	7	2.5	2.5	NUM
fsr-3923	265	8	times	time	NOUN
fsr-3923	265	9	greater	great	ADJ
fsr-3923	265	10	for	for	ADP
fsr-3923	265	11	administrative	administrative	ADJ
fsr-3923	265	12	fees	fee	NOUN
fsr-3923	265	13	than	than	ADP
fsr-3923	265	14	investment	investment	NOUN
fsr-3923	265	15	advisory	advisory	ADJ
fsr-3923	265	16	fees	fee	NOUN
fsr-3923	265	17	.	.	PUNCT
fsr-3923	266	1	this	this	DET
fsr-3923	266	2	difference	difference	NOUN
fsr-3923	266	3	is	be	AUX
fsr-3923	266	4	statistically	statistically	ADV
fsr-3923	266	5	significant	significant	ADJ
fsr-3923	266	6	for	for	ADP
fsr-3923	266	7	the	the	DET
fsr-3923	266	8	retail	retail	ADJ
fsr-3923	266	9	mutual	mutual	ADJ
fsr-3923	266	10	funds	fund	NOUN
fsr-3923	266	11	and	and	CCONJ
fsr-3923	266	12	all	all	DET
fsr-3923	266	13	mutual	mutual	ADJ
fsr-3923	266	14	funds	fund	NOUN
fsr-3923	266	15	.	.	PUNCT
fsr-3923	267	1	for	for	ADP
fsr-3923	267	2	example	example	NOUN
fsr-3923	267	3	,	,	PUNCT
fsr-3923	267	4	for	for	ADP
fsr-3923	267	5	a	a	DET
fsr-3923	267	6	$	$	SYM
fsr-3923	267	7	500	500	NUM
fsr-3923	267	8	million	million	NUM
fsr-3923	267	9	investment	investment	NOUN
fsr-3923	267	10	in	in	ADP
fsr-3923	267	11	a	a	DET
fsr-3923	267	12	large	large	ADJ
fsr-3923	267	13	-	-	PUNCT
fsr-3923	267	14	cap	cap	NOUN
fsr-3923	267	15	retail	retail	ADJ
fsr-3923	267	16	mutual	mutual	ADJ
fsr-3923	267	17	fund	fund	NOUN
fsr-3923	267	18	portfolio	portfolio	NOUN
fsr-3923	267	19	,	,	PUNCT
fsr-3923	267	20	total	total	ADJ
fsr-3923	267	21	administrative	administrative	ADJ
fsr-3923	267	22	costs	cost	NOUN
fsr-3923	267	23	are	be	AUX
fsr-3923	267	24	about	about	ADV
fsr-3923	267	25	one	one	NUM
fsr-3923	267	26	-	-	PUNCT
fsr-3923	267	27	half	half	NOUN
fsr-3923	267	28	the	the	DET
fsr-3923	267	29	investment	investment	NOUN
fsr-3923	267	30	advisory	advisory	NOUN
fsr-3923	267	31	fee.2	fee.2	ADV
fsr-3923	267	32	the	the	DET
fsr-3923	267	33	gap	gap	NOUN
fsr-3923	267	34	in	in	ADP
fsr-3923	267	35	expense	expense	NOUN
fsr-3923	267	36	ratios	ratio	NOUN
fsr-3923	267	37	between	between	ADP
fsr-3923	267	38	retail	retail	ADJ
fsr-3923	267	39	and	and	CCONJ
fsr-3923	267	40	institutional	institutional	ADJ
fsr-3923	267	41	mutual	mutual	ADJ
fsr-3923	267	42	funds	fund	NOUN
fsr-3923	267	43	is	be	AUX
fsr-3923	267	44	generally	generally	ADV
fsr-3923	267	45	consistent	consistent	ADJ
fsr-3923	267	46	with	with	ADP
fsr-3923	267	47	the	the	DET
fsr-3923	267	48	fees	fee	NOUN
fsr-3923	267	49	shown	show	VERB
fsr-3923	267	50	in	in	ADP
fsr-3923	267	51	table	table	NOUN
fsr-3923	267	52	3	3	NUM
fsr-3923	267	53	;	;	PUNCT
fsr-3923	267	54	noting	note	VERB
fsr-3923	267	55	that	that	SCONJ
fsr-3923	267	56	this	this	DET
fsr-3923	267	57	latter	latter	ADJ
fsr-3923	267	58	report	report	NOUN
fsr-3923	267	59	aggregated	aggregate	VERB
fsr-3923	267	60	admin210	admin210	PROPN
fsr-3923	267	61	k.w	k.w	PROPN
fsr-3923	267	62	.	.	PROPN
fsr-3923	267	63	sigrist	sigrist	PROPN
fsr-3923	267	64	,	,	PUNCT
fsr-3923	267	65	s.l	s.l	PROPN
fsr-3923	267	66	.	.	PROPN
fsr-3923	267	67	brown	brown	ADJ
fsr-3923	267	68	/	/	SYM
fsr-3923	267	69	financial	financial	ADJ
fsr-3923	267	70	services	service	NOUN
fsr-3923	267	71	review	review	VERB
fsr-3923	267	72	9	9	NUM
fsr-3923	267	73	(	(	PUNCT
fsr-3923	267	74	2000	2000	NUM
fsr-3923	267	75	)	)	PUNCT
fsr-3923	267	76	197–218	197–218	NUM
fsr-3923	267	77	istrative	istrative	NOUN
fsr-3923	267	78	and	and	CCONJ
fsr-3923	267	79	investment	investment	NOUN
fsr-3923	267	80	advisory	advisory	ADJ
fsr-3923	267	81	fees	fee	NOUN
fsr-3923	267	82	.	.	PUNCT
fsr-3923	268	1	the	the	DET
fsr-3923	268	2	smaller	small	ADJ
fsr-3923	268	3	,	,	PUNCT
fsr-3923	268	4	although	although	SCONJ
fsr-3923	268	5	still	still	ADV
fsr-3923	268	6	significant	significant	ADJ
fsr-3923	268	7	,	,	PUNCT
fsr-3923	268	8	economies	economy	NOUN
fsr-3923	268	9	of	of	ADP
fsr-3923	268	10	scale	scale	NOUN
fsr-3923	268	11	present	present	ADJ
fsr-3923	268	12	in	in	ADP
fsr-3923	268	13	the	the	DET
fsr-3923	268	14	administrative	administrative	ADJ
fsr-3923	268	15	services	service	NOUN
fsr-3923	268	16	of	of	ADP
fsr-3923	268	17	institutional	institutional	ADJ
fsr-3923	268	18	mutual	mutual	ADJ
fsr-3923	268	19	funds	fund	NOUN
fsr-3923	268	20	is	be	AUX
fsr-3923	268	21	likely	likely	ADJ
fsr-3923	268	22	a	a	DET
fsr-3923	268	23	result	result	NOUN
fsr-3923	268	24	of	of	ADP
fsr-3923	268	25	the	the	DET
fsr-3923	268	26	fact	fact	NOUN
fsr-3923	268	27	that	that	SCONJ
fsr-3923	268	28	they	they	PRON
fsr-3923	268	29	are	be	AUX
fsr-3923	268	30	bundled	bundle	VERB
fsr-3923	268	31	with	with	ADP
fsr-3923	268	32	materially	materially	ADV
fsr-3923	268	33	lower	low	ADJ
fsr-3923	268	34	administrative	administrative	ADJ
fsr-3923	268	35	services	service	NOUN
fsr-3923	268	36	and	and	CCONJ
fsr-3923	268	37	fees	fee	NOUN
fsr-3923	268	38	(	(	PUNCT
fsr-3923	268	39	see	see	VERB
fsr-3923	268	40	fig	fig	NOUN
fsr-3923	268	41	.	.	PUNCT
fsr-3923	269	1	1	1	NUM
fsr-3923	269	2	)	)	PUNCT
fsr-3923	269	3	.	.	PUNCT
fsr-3923	270	1	since	since	SCONJ
fsr-3923	270	2	institutional	institutional	ADJ
fsr-3923	270	3	mutual	mutual	ADJ
fsr-3923	270	4	fund	fund	NOUN
fsr-3923	270	5	share	share	NOUN
fsr-3923	270	6	classes	class	NOUN
fsr-3923	270	7	often	often	ADV
fsr-3923	270	8	perform	perform	VERB
fsr-3923	270	9	limited	limited	ADJ
fsr-3923	270	10	individual	individual	ADJ
fsr-3923	270	11	services	service	NOUN
fsr-3923	270	12	,	,	PUNCT
fsr-3923	270	13	they	they	PRON
fsr-3923	270	14	have	have	VERB
fsr-3923	270	15	to	to	PART
fsr-3923	270	16	prepare	prepare	VERB
fsr-3923	270	17	fewer	few	ADJ
fsr-3923	270	18	prospectuses	prospectus	NOUN
fsr-3923	270	19	,	,	PUNCT
fsr-3923	270	20	allocate	allocate	VERB
fsr-3923	270	21	fewer	few	ADJ
fsr-3923	270	22	phone	phone	NOUN
fsr-3923	270	23	representatives	representative	NOUN
fsr-3923	270	24	,	,	PUNCT
fsr-3923	270	25	compile	compile	NOUN
fsr-3923	270	26	and	and	CCONJ
fsr-3923	270	27	maintain	maintain	VERB
fsr-3923	270	28	limited	limited	ADJ
fsr-3923	270	29	account	account	NOUN
fsr-3923	270	30	data	datum	NOUN
fsr-3923	270	31	and	and	CCONJ
fsr-3923	270	32	so	so	ADV
fsr-3923	270	33	forth	forth	ADJ
fsr-3923	270	34	regressions	regression	NOUN
fsr-3923	270	35	of	of	ADP
fsr-3923	270	36	the	the	DET
fsr-3923	270	37	form	form	NOUN
fsr-3923	270	38	described	describe	VERB
fsr-3923	270	39	in	in	ADP
fsr-3923	270	40	3	3	NUM
fsr-3923	270	41	below	below	ADV
fsr-3923	270	42	were	be	AUX
fsr-3923	270	43	run	run	VERB
fsr-3923	270	44	on	on	ADP
fsr-3923	270	45	the	the	DET
fsr-3923	270	46	pension	pension	NOUN
fsr-3923	270	47	fund	fund	NOUN
fsr-3923	270	48	data	data	PROPN
fsr-3923	270	49	.	.	PUNCT
fsr-3923	271	1	expense	expense	NOUN
fsr-3923	271	2	ratios	ratio	NOUN
fsr-3923	271	3	are	be	AUX
fsr-3923	271	4	scaled	scale	VERB
fsr-3923	271	5	in	in	ADP
fsr-3923	271	6	basis	basis	NOUN
fsr-3923	271	7	points	point	NOUN
fsr-3923	271	8	and	and	CCONJ
fsr-3923	271	9	size	size	NOUN
fsr-3923	271	10	is	be	AUX
fsr-3923	271	11	scaled	scale	VERB
fsr-3923	271	12	in	in	ADP
fsr-3923	271	13	millions	million	NOUN
fsr-3923	271	14	of	of	ADP
fsr-3923	271	15	dollars	dollar	NOUN
fsr-3923	271	16	under	under	ADP
fsr-3923	271	17	management	management	NOUN
fsr-3923	271	18	.	.	PUNCT
fsr-3923	272	1	because	because	SCONJ
fsr-3923	272	2	of	of	ADP
fsr-3923	272	3	the	the	DET
fsr-3923	272	4	lack	lack	NOUN
fsr-3923	272	5	of	of	ADP
fsr-3923	272	6	an	an	DET
fsr-3923	272	7	exhaustive	exhaustive	ADJ
fsr-3923	272	8	classification	classification	NOUN
fsr-3923	272	9	of	of	ADP
fsr-3923	272	10	the	the	DET
fsr-3923	272	11	pension	pension	NOUN
fsr-3923	272	12	fund	fund	NOUN
fsr-3923	272	13	data	data	PROPN
fsr-3923	272	14	,	,	PUNCT
fsr-3923	272	15	an	an	DET
fsr-3923	272	16	intercept	intercept	NOUN
fsr-3923	272	17	is	be	AUX
fsr-3923	272	18	included	include	VERB
fsr-3923	272	19	in	in	ADP
fsr-3923	272	20	the	the	DET
fsr-3923	272	21	equation	equation	NOUN
fsr-3923	272	22	.	.	PUNCT
fsr-3923	273	1	3	3	X
fsr-3923	273	2	.	.	X
fsr-3923	273	3	investment	investment	NOUN
fsr-3923	273	4	advisory	advisory	ADJ
fsr-3923	273	5	expense	expense	NOUN
fsr-3923	273	6	ratio5	ratio5	NOUN
fsr-3923	273	7	c(1)1c(2)*(natural	c(1)1c(2)*(natural	PROPN
fsr-3923	273	8	log	log	NOUN
fsr-3923	273	9	of	of	ADP
fsr-3923	273	10	size)1c(3)*(largecap	size)1c(3)*(largecap	NOUN
fsr-3923	273	11	dummy)1c(4)*(mid	dummy)1c(4)*(mid	PROPN
fsr-3923	273	12	-	-	PUNCT
fsr-3923	273	13	cap	cap	NOUN
fsr-3923	273	14	dummy)1c(5)*(small	dummy)1c(5)*(small	NOUN
fsr-3923	273	15	-	-	PUNCT
fsr-3923	273	16	cap	cap	NOUN
fsr-3923	273	17	dummy	dummy	ADJ
fsr-3923	273	18	)	)	PUNCT
fsr-3923	273	19	table	table	NOUN
fsr-3923	273	20	5	5	NUM
fsr-3923	273	21	contains	contain	VERB
fsr-3923	273	22	the	the	DET
fsr-3923	273	23	pension	pension	NOUN
fsr-3923	273	24	fund	fund	NOUN
fsr-3923	273	25	regression	regression	NOUN
fsr-3923	273	26	results	result	NOUN
fsr-3923	273	27	and	and	CCONJ
fsr-3923	273	28	the	the	DET
fsr-3923	273	29	comparable	comparable	ADJ
fsr-3923	273	30	mutual	mutual	ADJ
fsr-3923	273	31	fund	fund	NOUN
fsr-3923	273	32	results	result	NOUN
fsr-3923	273	33	from	from	ADP
fsr-3923	273	34	table	table	NOUN
fsr-3923	273	35	4	4	NUM
fsr-3923	273	36	.	.	PUNCT
fsr-3923	274	1	the	the	DET
fsr-3923	274	2	analysis	analysis	NOUN
fsr-3923	274	3	indicates	indicate	VERB
fsr-3923	274	4	that	that	SCONJ
fsr-3923	274	5	at	at	ADP
fsr-3923	274	6	low	low	ADJ
fsr-3923	274	7	asset	asset	NOUN
fsr-3923	274	8	levels	level	NOUN
fsr-3923	274	9	,	,	PUNCT
fsr-3923	274	10	investment	investment	NOUN
fsr-3923	274	11	advisory	advisory	NOUN
fsr-3923	274	12	fees	fee	NOUN
fsr-3923	274	13	for	for	ADP
fsr-3923	274	14	the	the	DET
fsr-3923	274	15	pension	pension	NOUN
fsr-3923	274	16	funds	fund	NOUN
fsr-3923	274	17	and	and	CCONJ
fsr-3923	274	18	institutional	institutional	ADJ
fsr-3923	274	19	mutual	mutual	ADJ
fsr-3923	274	20	funds	fund	NOUN
fsr-3923	274	21	are	be	AUX
fsr-3923	274	22	comparable	comparable	ADJ
fsr-3923	274	23	,	,	PUNCT
fsr-3923	274	24	but	but	CCONJ
fsr-3923	274	25	are	be	AUX
fsr-3923	274	26	significantly	significantly	ADV
fsr-3923	274	27	table	table	NOUN
fsr-3923	274	28	4	4	NUM
fsr-3923	274	29	simultaneous	simultaneous	ADJ
fsr-3923	274	30	equations	equation	NOUN
fsr-3923	274	31	estimates	estimate	NOUN
fsr-3923	274	32	of	of	ADP
fsr-3923	274	33	active	active	ADJ
fsr-3923	274	34	domestic	domestic	ADJ
fsr-3923	274	35	equity	equity	NOUN
fsr-3923	274	36	mutual	mutual	ADJ
fsr-3923	274	37	fund	fund	NOUN
fsr-3923	274	38	administrative	administrative	ADJ
fsr-3923	274	39	and	and	CCONJ
fsr-3923	274	40	investment	investment	NOUN
fsr-3923	275	1	advisory	advisory	NOUN
fsr-3923	275	2	fees	fee	NOUN
fsr-3923	275	3	per	per	ADP
fsr-3923	275	4	$	$	SYM
fsr-3923	275	5	10,000	10,000	NUM
fsr-3923	275	6	of	of	ADP
fsr-3923	275	7	assets	asset	NOUN
fsr-3923	275	8	under	under	ADP
fsr-3923	275	9	management	management	NOUN
fsr-3923	275	10	coefficient	coefficient	NOUN
fsr-3923	275	11	estimates	estimate	NOUN
fsr-3923	275	12	(	(	PUNCT
fsr-3923	275	13	t	t	NOUN
fsr-3923	275	14	-	-	PUNCT
fsr-3923	275	15	statistics	statistic	NOUN
fsr-3923	275	16	)	)	PUNCT
fsr-3923	275	17	all	all	DET
fsr-3923	275	18	mutual	mutual	ADJ
fsr-3923	275	19	funds	fund	NOUN
fsr-3923	275	20	retail	retail	ADJ
fsr-3923	275	21	mutual	mutual	ADJ
fsr-3923	275	22	funds	fund	NOUN
fsr-3923	275	23	institutional	institutional	ADJ
fsr-3923	275	24	mutual	mutual	ADJ
fsr-3923	275	25	funds	fund	NOUN
fsr-3923	275	26	administrative	administrative	ADJ
fsr-3923	275	27	expense	expense	NOUN
fsr-3923	275	28	ratio	ratio	NOUN
fsr-3923	275	29	natural	natural	ADJ
fsr-3923	275	30	log	log	NOUN
fsr-3923	275	31	of	of	ADP
fsr-3923	275	32	size	size	NOUN
fsr-3923	275	33	26.4	26.4	NUM
fsr-3923	275	34	26.9	26.9	NUM
fsr-3923	275	35	23.6	23.6	NUM
fsr-3923	275	36	(	(	PUNCT
fsr-3923	275	37	214.1	214.1	NUM
fsr-3923	275	38	)	)	PUNCT
fsr-3923	275	39	(	(	PUNCT
fsr-3923	275	40	214.3	214.3	NUM
fsr-3923	275	41	)	)	PUNCT
fsr-3923	275	42	(	(	PUNCT
fsr-3923	275	43	23.0	23.0	NUM
fsr-3923	275	44	)	)	PUNCT
fsr-3923	275	45	large	large	ADJ
fsr-3923	275	46	-	-	PUNCT
fsr-3923	275	47	cap	cap	NOUN
fsr-3923	275	48	dummy	dummy	NOUN
fsr-3923	275	49	71.5	71.5	NUM
fsr-3923	275	50	75.3	75.3	NUM
fsr-3923	275	51	45.9	45.9	NUM
fsr-3923	275	52	(	(	PUNCT
fsr-3923	275	53	28.4	28.4	NUM
fsr-3923	275	54	)	)	PUNCT
fsr-3923	275	55	(	(	PUNCT
fsr-3923	275	56	28.0	28.0	NUM
fsr-3923	275	57	)	)	PUNCT
fsr-3923	275	58	(	(	PUNCT
fsr-3923	275	59	7.1	7.1	NUM
fsr-3923	275	60	)	)	PUNCT
fsr-3923	275	61	mid	mid	ADJ
fsr-3923	275	62	-	-	ADJ
fsr-3923	275	63	cap	cap	ADJ
fsr-3923	275	64	dummy	dummy	NOUN
fsr-3923	275	65	72.0	72.0	NUM
fsr-3923	275	66	74.8	74.8	NUM
fsr-3923	275	67	53.7	53.7	NUM
fsr-3923	275	68	(	(	PUNCT
fsr-3923	275	69	29.5	29.5	NUM
fsr-3923	275	70	)	)	PUNCT
fsr-3923	275	71	(	(	PUNCT
fsr-3923	275	72	28.8	28.8	NUM
fsr-3923	275	73	)	)	PUNCT
fsr-3923	275	74	(	(	PUNCT
fsr-3923	275	75	8.4	8.4	NUM
fsr-3923	275	76	)	)	PUNCT
fsr-3923	275	77	small	small	ADJ
fsr-3923	275	78	-	-	PUNCT
fsr-3923	275	79	cap	cap	NOUN
fsr-3923	275	80	dummy	dummy	NOUN
fsr-3923	275	81	71.8	71.8	NUM
fsr-3923	275	82	75.2	75.2	NUM
fsr-3923	275	83	48.8	48.8	NUM
fsr-3923	275	84	(	(	PUNCT
fsr-3923	275	85	28.8	28.8	NUM
fsr-3923	275	86	)	)	PUNCT
fsr-3923	275	87	(	(	PUNCT
fsr-3923	275	88	28.8	28.8	NUM
fsr-3923	275	89	)	)	PUNCT
fsr-3923	275	90	(	(	PUNCT
fsr-3923	275	91	7.1	7.1	NUM
fsr-3923	275	92	)	)	PUNCT
fsr-3923	275	93	r	r	NOUN
fsr-3923	275	94	-	-	PUNCT
fsr-3923	275	95	squared	square	VERB
fsr-3923	275	96	18.7	18.7	NUM
fsr-3923	275	97	%	%	NOUN
fsr-3923	275	98	20.8	20.8	NUM
fsr-3923	275	99	%	%	NOUN
fsr-3923	275	100	9.6	9.6	NUM
fsr-3923	275	101	%	%	NOUN
fsr-3923	275	102	investment	investment	NOUN
fsr-3923	275	103	advisory	advisory	ADJ
fsr-3923	275	104	expense	expense	NOUN
fsr-3923	275	105	ratio	ratio	NOUN
fsr-3923	275	106	natural	natural	ADJ
fsr-3923	275	107	log	log	NOUN
fsr-3923	275	108	of	of	ADP
fsr-3923	275	109	size	size	NOUN
fsr-3923	275	110	22.5	22.5	NUM
fsr-3923	275	111	22.8	22.8	NUM
fsr-3923	275	112	22.8	22.8	NUM
fsr-3923	275	113	(	(	PUNCT
fsr-3923	275	114	26.8	26.8	NUM
fsr-3923	275	115	)	)	PUNCT
fsr-3923	275	116	(	(	PUNCT
fsr-3923	275	117	27.4	27.4	NUM
fsr-3923	275	118	)	)	PUNCT
fsr-3923	275	119	(	(	PUNCT
fsr-3923	275	120	21.7	21.7	NUM
fsr-3923	275	121	)	)	PUNCT
fsr-3923	275	122	large	large	ADJ
fsr-3923	275	123	-	-	PUNCT
fsr-3923	275	124	cap	cap	NOUN
fsr-3923	275	125	dummy	dummy	NOUN
fsr-3923	275	126	79.1	79.1	NUM
fsr-3923	275	127	82.3	82.3	NUM
fsr-3923	275	128	64.9	64.9	NUM
fsr-3923	275	129	(	(	PUNCT
fsr-3923	275	130	35.3	35.3	NUM
fsr-3923	275	131	)	)	PUNCT
fsr-3923	275	132	(	(	PUNCT
fsr-3923	275	133	35.3	35.3	NUM
fsr-3923	275	134	)	)	PUNCT
fsr-3923	275	135	(	(	PUNCT
fsr-3923	275	136	7.0	7.0	NUM
fsr-3923	275	137	)	)	PUNCT
fsr-3923	275	138	mid	mid	ADJ
fsr-3923	275	139	-	-	ADJ
fsr-3923	275	140	cap	cap	ADJ
fsr-3923	275	141	dummy	dummy	NOUN
fsr-3923	275	142	88.5	88.5	NUM
fsr-3923	275	143	89.7	89.7	NUM
fsr-3923	275	144	91.2	91.2	NUM
fsr-3923	275	145	(	(	PUNCT
fsr-3923	275	146	37.8	37.8	NUM
fsr-3923	275	147	)	)	PUNCT
fsr-3923	275	148	(	(	PUNCT
fsr-3923	275	149	37.1	37.1	NUM
fsr-3923	275	150	)	)	PUNCT
fsr-3923	275	151	(	(	PUNCT
fsr-3923	275	152	9.8	9.8	NUM
fsr-3923	275	153	)	)	PUNCT
fsr-3923	275	154	small	small	ADJ
fsr-3923	275	155	-	-	PUNCT
fsr-3923	275	156	cap	cap	NOUN
fsr-3923	275	157	dummy	dummy	NOUN
fsr-3923	275	158	95.6	95.6	NUM
fsr-3923	275	159	97.4	97.4	NUM
fsr-3923	275	160	93.1	93.1	NUM
fsr-3923	275	161	(	(	PUNCT
fsr-3923	275	162	46.1	46.1	NUM
fsr-3923	275	163	)	)	PUNCT
fsr-3923	275	164	(	(	PUNCT
fsr-3923	275	165	46.8	46.8	NUM
fsr-3923	275	166	)	)	PUNCT
fsr-3923	275	167	(	(	PUNCT
fsr-3923	275	168	10.0	10.0	NUM
fsr-3923	275	169	)	)	PUNCT
fsr-3923	275	170	r	r	NOUN
fsr-3923	275	171	-	-	PUNCT
fsr-3923	275	172	squared	square	VERB
fsr-3923	275	173	14.8	14.8	NUM
fsr-3923	275	174	%	%	NOUN
fsr-3923	275	175	15.0	15.0	NUM
fsr-3923	275	176	%	%	NOUN
fsr-3923	275	177	24.9	24.9	NUM
fsr-3923	275	178	%	%	NOUN
fsr-3923	275	179	sample	sample	NOUN
fsr-3923	275	180	size	size	NOUN
fsr-3923	275	181	1343	1343	NUM
fsr-3923	275	182	1205	1205	NUM
fsr-3923	275	183	138	138	NUM
fsr-3923	275	184	assets	asset	NOUN
fsr-3923	275	185	in	in	ADP
fsr-3923	275	186	billions	billion	NOUN
fsr-3923	275	187	$	$	SYM
fsr-3923	275	188	1,769	1,769	NUM
fsr-3923	275	189	$	$	SYM
fsr-3923	275	190	1,713	1,713	NUM
fsr-3923	275	191	$	$	SYM
fsr-3923	275	192	56	56	NUM
fsr-3923	275	193	chi	chi	ADJ
fsr-3923	275	194	-	-	PUNCT
fsr-3923	275	195	square	square	ADJ
fsr-3923	275	196	test	test	NOUN
fsr-3923	275	197	on	on	ADP
fsr-3923	275	198	difference	difference	NOUN
fsr-3923	275	199	of	of	ADP
fsr-3923	275	200	natural	natural	ADJ
fsr-3923	275	201	log	log	NOUN
fsr-3923	275	202	size	size	NOUN
fsr-3923	275	203	coefficients	coefficient	VERB
fsr-3923	275	204	chi	chi	ADJ
fsr-3923	275	205	-	-	PUNCT
fsr-3923	275	206	square	square	ADJ
fsr-3923	275	207	/	/	SYM
fsr-3923	275	208	probability	probability	NOUN
fsr-3923	275	209	39.6/0.0	39.6/0.0	NUM
fsr-3923	275	210	%	%	NOUN
fsr-3923	275	211	39.3/0.0	39.3/0.0	NUM
fsr-3923	275	212	%	%	NOUN
fsr-3923	275	213	0.13/71.5	0.13/71.5	NOUN
fsr-3923	275	214	%	%	NOUN
fsr-3923	275	215	211k.w	211k.w	PROPN
fsr-3923	275	216	.	.	PUNCT
fsr-3923	276	1	sigrist	sigrist	PROPN
fsr-3923	276	2	,	,	PUNCT
fsr-3923	276	3	s.l	s.l	PROPN
fsr-3923	276	4	.	.	PROPN
fsr-3923	276	5	brown	brown	ADJ
fsr-3923	276	6	/	/	SYM
fsr-3923	276	7	financial	financial	ADJ
fsr-3923	276	8	services	service	NOUN
fsr-3923	276	9	review	review	VERB
fsr-3923	276	10	9	9	NUM
fsr-3923	276	11	(	(	PUNCT
fsr-3923	276	12	2000	2000	NUM
fsr-3923	276	13	)	)	PUNCT
fsr-3923	277	1	197–218	197–218	NUM
fsr-3923	277	2	below	below	ADP
fsr-3923	277	3	that	that	PRON
fsr-3923	277	4	of	of	ADP
fsr-3923	277	5	retail	retail	ADJ
fsr-3923	277	6	mutual	mutual	ADJ
fsr-3923	277	7	funds	fund	NOUN
fsr-3923	277	8	for	for	ADP
fsr-3923	277	9	the	the	DET
fsr-3923	277	10	large	large	ADJ
fsr-3923	277	11	-	-	PUNCT
fsr-3923	277	12	cap	cap	NOUN
fsr-3923	277	13	category	category	NOUN
fsr-3923	277	14	.	.	PUNCT
fsr-3923	278	1	significant	significant	ADJ
fsr-3923	278	2	economies	economy	NOUN
fsr-3923	278	3	of	of	ADP
fsr-3923	278	4	scale	scale	NOUN
fsr-3923	278	5	are	be	AUX
fsr-3923	278	6	apparent	apparent	ADJ
fsr-3923	278	7	in	in	ADP
fsr-3923	278	8	the	the	DET
fsr-3923	278	9	pension	pension	NOUN
fsr-3923	278	10	fund	fund	NOUN
fsr-3923	278	11	account	account	NOUN
fsr-3923	278	12	investment	investment	NOUN
fsr-3923	278	13	advisory	advisory	NOUN
fsr-3923	278	14	fees	fee	NOUN
fsr-3923	278	15	.	.	PUNCT
fsr-3923	279	1	the	the	DET
fsr-3923	279	2	slope	slope	NOUN
fsr-3923	279	3	coefficients	coefficient	VERB
fsr-3923	279	4	for	for	ADP
fsr-3923	279	5	the	the	DET
fsr-3923	279	6	pension	pension	NOUN
fsr-3923	279	7	fund	fund	NOUN
fsr-3923	279	8	regression	regression	NOUN
fsr-3923	279	9	is	be	AUX
fsr-3923	279	10	2	2	NUM
fsr-3923	279	11	times	time	NOUN
fsr-3923	279	12	greater	great	ADJ
fsr-3923	279	13	than	than	ADP
fsr-3923	279	14	the	the	DET
fsr-3923	279	15	mutual	mutual	ADJ
fsr-3923	279	16	fund	fund	NOUN
fsr-3923	279	17	regression	regression	NOUN
fsr-3923	279	18	reflecting	reflect	VERB
fsr-3923	279	19	that	that	SCONJ
fsr-3923	279	20	pension	pension	NOUN
fsr-3923	279	21	fund	fund	NOUN
fsr-3923	279	22	advisory	advisory	ADJ
fsr-3923	279	23	fees	fee	NOUN
fsr-3923	279	24	are	be	AUX
fsr-3923	279	25	twice	twice	ADV
fsr-3923	279	26	as	as	ADV
fsr-3923	279	27	sensitive	sensitive	ADJ
fsr-3923	279	28	to	to	ADP
fsr-3923	279	29	assets	asset	NOUN
fsr-3923	279	30	under	under	ADP
fsr-3923	279	31	management	management	NOUN
fsr-3923	279	32	than	than	ADP
fsr-3923	279	33	mutual	mutual	ADJ
fsr-3923	279	34	fund	fund	NOUN
fsr-3923	279	35	fees	fee	NOUN
fsr-3923	279	36	.	.	PUNCT
fsr-3923	280	1	at	at	ADP
fsr-3923	280	2	larger	large	ADJ
fsr-3923	280	3	asset	asset	NOUN
fsr-3923	280	4	levels	level	NOUN
fsr-3923	280	5	,	,	PUNCT
fsr-3923	280	6	institutional	institutional	ADJ
fsr-3923	280	7	mutual	mutual	ADJ
fsr-3923	280	8	funds	fund	NOUN
fsr-3923	280	9	have	have	VERB
fsr-3923	280	10	lower	low	ADJ
fsr-3923	280	11	fee	fee	NOUN
fsr-3923	280	12	structures	structure	NOUN
fsr-3923	280	13	than	than	ADP
fsr-3923	280	14	table	table	NOUN
fsr-3923	280	15	5	5	NUM
fsr-3923	280	16	estimates	estimate	NOUN
fsr-3923	280	17	of	of	ADP
fsr-3923	280	18	active	active	ADJ
fsr-3923	280	19	domestic	domestic	ADJ
fsr-3923	280	20	equity	equity	NOUN
fsr-3923	280	21	pension	pension	NOUN
fsr-3923	280	22	fund	fund	NOUN
fsr-3923	280	23	and	and	CCONJ
fsr-3923	280	24	mutual	mutual	ADJ
fsr-3923	280	25	fund	fund	NOUN
fsr-3923	280	26	investment	investment	NOUN
fsr-3923	280	27	advisory	advisory	NOUN
fsr-3923	280	28	fees	fee	NOUN
fsr-3923	280	29	per	per	ADP
fsr-3923	280	30	$	$	SYM
fsr-3923	280	31	10,000	10,000	NUM
fsr-3923	280	32	of	of	ADP
fsr-3923	280	33	assets	asset	NOUN
fsr-3923	280	34	under	under	ADP
fsr-3923	280	35	management	management	NOUN
fsr-3923	280	36	coefficient	coefficient	NOUN
fsr-3923	280	37	estimates	estimate	NOUN
fsr-3923	280	38	(	(	PUNCT
fsr-3923	280	39	t	t	NOUN
fsr-3923	280	40	-	-	PUNCT
fsr-3923	280	41	statistics	statistic	NOUN
fsr-3923	280	42	)	)	PUNCT
fsr-3923	280	43	pension	pension	NOUN
fsr-3923	280	44	fund	fund	NOUN
fsr-3923	280	45	retail	retail	ADJ
fsr-3923	280	46	mutual	mutual	ADJ
fsr-3923	280	47	funds	fund	NOUN
fsr-3923	280	48	institutional	institutional	ADJ
fsr-3923	280	49	mutual	mutual	ADJ
fsr-3923	280	50	funds	fund	NOUN
fsr-3923	280	51	investment	investment	NOUN
fsr-3923	280	52	advisory	advisory	ADJ
fsr-3923	280	53	expense	expense	NOUN
fsr-3923	280	54	ratio	ratio	NOUN
fsr-3923	280	55	natural	natural	ADJ
fsr-3923	280	56	log	log	NOUN
fsr-3923	280	57	of	of	ADP
fsr-3923	280	58	size	size	NOUN
fsr-3923	280	59	26.1	26.1	NUM
fsr-3923	280	60	22.8	22.8	NUM
fsr-3923	280	61	22.8	22.8	NUM
fsr-3923	280	62	(	(	PUNCT
fsr-3923	280	63	25.0	25.0	NUM
fsr-3923	280	64	)	)	PUNCT
fsr-3923	280	65	(	(	PUNCT
fsr-3923	280	66	27.4	27.4	NUM
fsr-3923	280	67	)	)	PUNCT
fsr-3923	280	68	(	(	PUNCT
fsr-3923	280	69	21.7	21.7	NUM
fsr-3923	280	70	)	)	PUNCT
fsr-3923	280	71	intercept	intercept	VERB
fsr-3923	280	72	66.8	66.8	NUM
fsr-3923	280	73	na	na	NOUN
fsr-3923	280	74	na	na	PROPN
fsr-3923	280	75	(	(	PUNCT
fsr-3923	280	76	8.6	8.6	NUM
fsr-3923	280	77	)	)	PUNCT
fsr-3923	280	78	large	large	ADJ
fsr-3923	280	79	-	-	PUNCT
fsr-3923	280	80	cap	cap	NOUN
fsr-3923	280	81	dummy	dummy	NOUN
fsr-3923	280	82	25.1	25.1	NUM
fsr-3923	280	83	82.3	82.3	NUM
fsr-3923	280	84	64.9	64.9	NUM
fsr-3923	280	85	(	(	PUNCT
fsr-3923	280	86	22.1	22.1	NUM
fsr-3923	280	87	)	)	PUNCT
fsr-3923	280	88	(	(	PUNCT
fsr-3923	280	89	35.3	35.3	NUM
fsr-3923	280	90	)	)	PUNCT
fsr-3923	280	91	(	(	PUNCT
fsr-3923	280	92	7.0	7.0	NUM
fsr-3923	280	93	)	)	PUNCT
fsr-3923	280	94	mid	mid	ADJ
fsr-3923	280	95	-	-	ADJ
fsr-3923	280	96	cap	cap	ADJ
fsr-3923	280	97	dummy	dummy	NOUN
fsr-3923	280	98	13.5	13.5	NUM
fsr-3923	280	99	89.7	89.7	NUM
fsr-3923	280	100	91.2	91.2	NUM
fsr-3923	280	101	(	(	PUNCT
fsr-3923	280	102	2.6	2.6	NUM
fsr-3923	280	103	)	)	PUNCT
fsr-3923	280	104	(	(	PUNCT
fsr-3923	280	105	37.1	37.1	NUM
fsr-3923	280	106	)	)	PUNCT
fsr-3923	280	107	(	(	PUNCT
fsr-3923	280	108	9.8	9.8	NUM
fsr-3923	280	109	)	)	PUNCT
fsr-3923	280	110	small	small	ADJ
fsr-3923	280	111	-	-	PUNCT
fsr-3923	280	112	cap	cap	NOUN
fsr-3923	280	113	dummy	dummy	NOUN
fsr-3923	280	114	24.8	24.8	NUM
fsr-3923	280	115	97.4	97.4	NUM
fsr-3923	280	116	93.1	93.1	NUM
fsr-3923	280	117	(	(	PUNCT
fsr-3923	280	118	5.8	5.8	NUM
fsr-3923	280	119	)	)	PUNCT
fsr-3923	280	120	(	(	PUNCT
fsr-3923	280	121	46.8	46.8	NUM
fsr-3923	280	122	)	)	PUNCT
fsr-3923	280	123	(	(	PUNCT
fsr-3923	280	124	10.0	10.0	NUM
fsr-3923	280	125	)	)	PUNCT
fsr-3923	280	126	r	r	NOUN
fsr-3923	280	127	-	-	PUNCT
fsr-3923	280	128	squared	square	VERB
fsr-3923	280	129	50.8	50.8	NUM
fsr-3923	280	130	%	%	NOUN
fsr-3923	280	131	15.0	15.0	NUM
fsr-3923	280	132	%	%	NOUN
fsr-3923	280	133	24.9	24.9	NUM
fsr-3923	280	134	%	%	NOUN
fsr-3923	280	135	sample	sample	NOUN
fsr-3923	280	136	size	size	NOUN
fsr-3923	280	137	220	220	NUM
fsr-3923	280	138	1205	1205	NUM
fsr-3923	280	139	138	138	NUM
fsr-3923	280	140	assets	asset	NOUN
fsr-3923	280	141	in	in	ADP
fsr-3923	280	142	billions	billion	NOUN
fsr-3923	280	143	$	$	SYM
fsr-3923	280	144	98	98	NUM
fsr-3923	280	145	$	$	SYM
fsr-3923	280	146	1,713	1,713	NUM
fsr-3923	280	147	$	$	SYM
fsr-3923	280	148	56	56	NUM
fsr-3923	280	149	fig	fig	NOUN
fsr-3923	280	150	.	.	PUNCT
fsr-3923	281	1	1	1	X
fsr-3923	281	2	.	.	X
fsr-3923	281	3	domestic	domestic	ADJ
fsr-3923	281	4	equity	equity	NOUN
fsr-3923	281	5	administrative	administrative	ADJ
fsr-3923	281	6	expense	expense	NOUN
fsr-3923	281	7	ratios	ratio	NOUN
fsr-3923	281	8	for	for	ADP
fsr-3923	281	9	active	active	ADJ
fsr-3923	281	10	retail	retail	ADJ
fsr-3923	281	11	mutual	mutual	ADJ
fsr-3923	281	12	funds	fund	NOUN
fsr-3923	281	13	and	and	CCONJ
fsr-3923	281	14	active	active	ADJ
fsr-3923	281	15	institutional	institutional	ADJ
fsr-3923	281	16	mutual	mutual	ADJ
fsr-3923	281	17	funds	fund	NOUN
fsr-3923	281	18	212	212	NUM
fsr-3923	281	19	k.w	k.w	PROPN
fsr-3923	281	20	.	.	PROPN
fsr-3923	281	21	sigrist	sigrist	PROPN
fsr-3923	281	22	,	,	PUNCT
fsr-3923	281	23	s.l	s.l	PROPN
fsr-3923	281	24	.	.	PROPN
fsr-3923	281	25	brown	brown	ADJ
fsr-3923	281	26	/	/	SYM
fsr-3923	281	27	financial	financial	ADJ
fsr-3923	281	28	services	service	NOUN
fsr-3923	281	29	review	review	VERB
fsr-3923	281	30	9	9	NUM
fsr-3923	281	31	(	(	PUNCT
fsr-3923	281	32	2000	2000	NUM
fsr-3923	281	33	)	)	PUNCT
fsr-3923	281	34	197–218	197–218	NUM
fsr-3923	281	35	retail	retail	ADJ
fsr-3923	281	36	mutual	mutual	ADJ
fsr-3923	281	37	funds	fund	NOUN
fsr-3923	281	38	,	,	PUNCT
fsr-3923	281	39	but	but	CCONJ
fsr-3923	281	40	do	do	AUX
fsr-3923	281	41	not	not	PART
fsr-3923	281	42	appear	appear	VERB
fsr-3923	281	43	to	to	PART
fsr-3923	281	44	be	be	AUX
fsr-3923	281	45	competitive	competitive	ADJ
fsr-3923	281	46	with	with	ADP
fsr-3923	281	47	the	the	DET
fsr-3923	281	48	pension	pension	NOUN
fsr-3923	281	49	fund	fund	NOUN
fsr-3923	281	50	institutional	institutional	ADJ
fsr-3923	281	51	accounts	account	NOUN
fsr-3923	281	52	(	(	PUNCT
fsr-3923	281	53	see	see	VERB
fsr-3923	281	54	fig	fig	NOUN
fsr-3923	281	55	.	.	PUNCT
fsr-3923	282	1	2	2	NUM
fsr-3923	282	2	)	)	PUNCT
fsr-3923	282	3	.	.	PUNCT
fsr-3923	283	1	the	the	DET
fsr-3923	283	2	economic	economic	ADJ
fsr-3923	283	3	impact	impact	NOUN
fsr-3923	283	4	of	of	ADP
fsr-3923	283	5	the	the	DET
fsr-3923	283	6	differential	differential	ADJ
fsr-3923	283	7	fee	fee	NOUN
fsr-3923	283	8	structures	structure	NOUN
fsr-3923	283	9	is	be	AUX
fsr-3923	283	10	significant	significant	ADJ
fsr-3923	283	11	.	.	PUNCT
fsr-3923	284	1	for	for	ADP
fsr-3923	284	2	example	example	NOUN
fsr-3923	284	3	,	,	PUNCT
fsr-3923	284	4	for	for	ADP
fsr-3923	284	5	a	a	DET
fsr-3923	284	6	$	$	SYM
fsr-3923	284	7	500	500	NUM
fsr-3923	284	8	million	million	NUM
fsr-3923	284	9	investment	investment	NOUN
fsr-3923	284	10	,	,	PUNCT
fsr-3923	284	11	the	the	DET
fsr-3923	284	12	coefficients	coefficient	NOUN
fsr-3923	284	13	in	in	ADP
fsr-3923	284	14	table	table	NOUN
fsr-3923	284	15	5	5	NUM
fsr-3923	284	16	predict	predict	VERB
fsr-3923	284	17	an	an	DET
fsr-3923	284	18	investment	investment	NOUN
fsr-3923	284	19	advisory	advisory	ADJ
fsr-3923	284	20	fee	fee	NOUN
fsr-3923	284	21	of	of	ADP
fsr-3923	284	22	65	65	NUM
fsr-3923	284	23	basis	basis	NOUN
fsr-3923	284	24	points	point	NOUN
fsr-3923	284	25	for	for	ADP
fsr-3923	284	26	the	the	DET
fsr-3923	284	27	large	large	ADJ
fsr-3923	284	28	-	-	PUNCT
fsr-3923	284	29	cap	cap	NOUN
fsr-3923	284	30	mutual	mutual	ADJ
fsr-3923	284	31	fund	fund	NOUN
fsr-3923	284	32	versus	versus	ADP
fsr-3923	284	33	24	24	NUM
fsr-3923	284	34	basis	basis	NOUN
fsr-3923	284	35	points	point	NOUN
fsr-3923	284	36	for	for	ADP
fsr-3923	284	37	a	a	DET
fsr-3923	284	38	large	large	ADJ
fsr-3923	284	39	-	-	PUNCT
fsr-3923	284	40	cap	cap	NOUN
fsr-3923	284	41	pension	pension	NOUN
fsr-3923	284	42	fund	fund	NOUN
fsr-3923	284	43	account	account	NOUN
fsr-3923	284	44	.	.	PUNCT
fsr-3923	285	1	for	for	ADP
fsr-3923	285	2	an	an	DET
fsr-3923	285	3	initial	initial	ADJ
fsr-3923	285	4	account	account	NOUN
fsr-3923	285	5	value	value	NOUN
fsr-3923	285	6	of	of	ADP
fsr-3923	285	7	$	$	SYM
fsr-3923	285	8	500	500	NUM
fsr-3923	285	9	million	million	NUM
fsr-3923	285	10	,	,	PUNCT
fsr-3923	285	11	a	a	DET
fsr-3923	285	12	30	30	NUM
fsr-3923	285	13	-	-	PUNCT
fsr-3923	285	14	year	year	NOUN
fsr-3923	285	15	horizon	horizon	NOUN
fsr-3923	285	16	and	and	CCONJ
fsr-3923	285	17	annual	annual	ADJ
fsr-3923	285	18	market	market	NOUN
fsr-3923	285	19	appreciation	appreciation	NOUN
fsr-3923	285	20	at	at	ADP
fsr-3923	285	21	10	10	NUM
fsr-3923	285	22	%	%	NOUN
fsr-3923	285	23	,	,	PUNCT
fsr-3923	285	24	the	the	DET
fsr-3923	285	25	large	large	ADJ
fsr-3923	285	26	-	-	PUNCT
fsr-3923	285	27	cap	cap	NOUN
fsr-3923	285	28	mutual	mutual	ADJ
fsr-3923	285	29	fund	fund	NOUN
fsr-3923	285	30	fees	fee	NOUN
fsr-3923	285	31	would	would	AUX
fsr-3923	285	32	lead	lead	VERB
fsr-3923	285	33	to	to	ADP
fsr-3923	285	34	an	an	DET
fsr-3923	285	35	account	account	NOUN
fsr-3923	285	36	value	value	NOUN
fsr-3923	285	37	that	that	PRON
fsr-3923	285	38	was	be	AUX
fsr-3923	285	39	$	$	SYM
fsr-3923	285	40	870	870	NUM
fsr-3923	285	41	million	million	NUM
fsr-3923	285	42	lower	low	ADJ
fsr-3923	285	43	than	than	ADP
fsr-3923	285	44	that	that	PRON
fsr-3923	285	45	produced	produce	VERB
fsr-3923	285	46	by	by	ADP
fsr-3923	285	47	the	the	DET
fsr-3923	285	48	large	large	ADJ
fsr-3923	285	49	-	-	PUNCT
fsr-3923	285	50	cap	cap	NOUN
fsr-3923	285	51	pension	pension	NOUN
fsr-3923	285	52	fund	fund	NOUN
fsr-3923	285	53	account	account	NOUN
fsr-3923	285	54	.	.	PUNCT
fsr-3923	286	1	it	it	PRON
fsr-3923	286	2	is	be	AUX
fsr-3923	286	3	clear	clear	ADJ
fsr-3923	286	4	why	why	SCONJ
fsr-3923	286	5	institutional	institutional	ADJ
fsr-3923	286	6	accounts	account	NOUN
fsr-3923	286	7	are	be	AUX
fsr-3923	286	8	considered	consider	VERB
fsr-3923	286	9	a	a	DET
fsr-3923	286	10	best	good	ADJ
fsr-3923	286	11	practice	practice	NOUN
fsr-3923	286	12	arrangement	arrangement	NOUN
fsr-3923	286	13	in	in	ADP
fsr-3923	286	14	the	the	DET
fsr-3923	286	15	corporate	corporate	ADJ
fsr-3923	286	16	401(k	401(k	PROPN
fsr-3923	286	17	)	)	PUNCT
fsr-3923	286	18	arena	arena	NOUN
fsr-3923	286	19	:	:	PUNCT
fsr-3923	286	20	they	they	PRON
fsr-3923	286	21	have	have	VERB
fsr-3923	286	22	investment	investment	NOUN
fsr-3923	286	23	advisory	advisory	ADJ
fsr-3923	286	24	costs	cost	NOUN
fsr-3923	286	25	that	that	PRON
fsr-3923	286	26	are	be	AUX
fsr-3923	286	27	one	one	NUM
fsr-3923	286	28	-	-	PUNCT
fsr-3923	286	29	half	half	NOUN
fsr-3923	286	30	to	to	ADP
fsr-3923	286	31	two	two	NUM
fsr-3923	286	32	-	-	PUNCT
fsr-3923	286	33	thirds	third	NOUN
fsr-3923	286	34	lower	low	ADJ
fsr-3923	286	35	than	than	ADP
fsr-3923	286	36	retail	retail	ADJ
fsr-3923	286	37	mutual	mutual	ADJ
fsr-3923	286	38	funds	fund	NOUN
fsr-3923	286	39	and	and	CCONJ
fsr-3923	286	40	are	be	AUX
fsr-3923	286	41	able	able	ADJ
fsr-3923	286	42	to	to	PART
fsr-3923	286	43	deliver	deliver	VERB
fsr-3923	286	44	additional	additional	ADJ
fsr-3923	286	45	cost	cost	NOUN
fsr-3923	286	46	savings	saving	NOUN
fsr-3923	286	47	as	as	SCONJ
fsr-3923	286	48	assets	asset	NOUN
fsr-3923	286	49	under	under	ADP
fsr-3923	286	50	management	management	NOUN
fsr-3923	286	51	grow	grow	VERB
fsr-3923	286	52	.	.	PUNCT
fsr-3923	287	1	similarly	similarly	ADV
fsr-3923	287	2	,	,	PUNCT
fsr-3923	287	3	mutual	mutual	ADJ
fsr-3923	287	4	fund	fund	NOUN
fsr-3923	287	5	’s	’s	PART
fsr-3923	287	6	practice	practice	NOUN
fsr-3923	287	7	of	of	ADP
fsr-3923	287	8	passing	pass	VERB
fsr-3923	287	9	through	through	ADP
fsr-3923	287	10	the	the	DET
fsr-3923	287	11	benefits	benefit	NOUN
fsr-3923	287	12	of	of	ADP
fsr-3923	287	13	economies	economy	NOUN
fsr-3923	287	14	of	of	ADP
fsr-3923	287	15	scale	scale	NOUN
fsr-3923	287	16	in	in	ADP
fsr-3923	287	17	administrative	administrative	ADJ
fsr-3923	287	18	services	service	NOUN
fsr-3923	287	19	,	,	PUNCT
fsr-3923	287	20	but	but	CCONJ
fsr-3923	287	21	not	not	PART
fsr-3923	287	22	in	in	ADP
fsr-3923	287	23	investment	investment	NOUN
fsr-3923	287	24	advisory	advisory	ADJ
fsr-3923	287	25	services	service	NOUN
fsr-3923	287	26	is	be	AUX
fsr-3923	287	27	an	an	DET
fsr-3923	287	28	important	important	ADJ
fsr-3923	287	29	motivator	motivator	NOUN
fsr-3923	287	30	for	for	SCONJ
fsr-3923	287	31	trustees	trustee	NOUN
fsr-3923	287	32	to	to	PART
fsr-3923	287	33	negotiate	negotiate	VERB
fsr-3923	287	34	and	and	CCONJ
fsr-3923	287	35	procure	procure	VERB
fsr-3923	287	36	unbundled	unbundle	VERB
fsr-3923	287	37	investment	investment	NOUN
fsr-3923	287	38	products	product	NOUN
fsr-3923	287	39	and	and	CCONJ
fsr-3923	287	40	administrative	administrative	ADJ
fsr-3923	287	41	services	service	NOUN
fsr-3923	287	42	.	.	PUNCT
fsr-3923	288	1	freeman	freeman	NOUN
fsr-3923	288	2	and	and	CCONJ
fsr-3923	288	3	brown	brown	ADJ
fsr-3923	288	4	(	(	PUNCT
fsr-3923	288	5	2001	2001	NUM
fsr-3923	288	6	)	)	PUNCT
fsr-3923	288	7	conclude	conclude	VERB
fsr-3923	288	8	that	that	SCONJ
fsr-3923	288	9	the	the	DET
fsr-3923	288	10	chief	chief	ADJ
fsr-3923	288	11	reason	reason	NOUN
fsr-3923	288	12	for	for	ADP
fsr-3923	288	13	substantial	substantial	ADJ
fsr-3923	288	14	investment	investment	NOUN
fsr-3923	288	15	advisory	advisory	ADJ
fsr-3923	288	16	fee	fee	NOUN
fsr-3923	288	17	level	level	NOUN
fsr-3923	288	18	differences	difference	NOUN
fsr-3923	288	19	between	between	ADP
fsr-3923	288	20	equity	equity	NOUN
fsr-3923	288	21	db	db	PROPN
fsr-3923	288	22	pension	pension	NOUN
fsr-3923	288	23	fund	fund	NOUN
fsr-3923	288	24	portfolio	portfolio	NOUN
fsr-3923	288	25	managers	manager	NOUN
fsr-3923	288	26	and	and	CCONJ
fsr-3923	288	27	equity	equity	NOUN
fsr-3923	288	28	mutual	mutual	ADJ
fsr-3923	288	29	fund	fund	NOUN
fsr-3923	288	30	portfolio	portfolio	NOUN
fsr-3923	288	31	managers	manager	NOUN
fsr-3923	288	32	is	be	AUX
fsr-3923	288	33	that	that	SCONJ
fsr-3923	288	34	advisory	advisory	ADJ
fsr-3923	288	35	fees	fee	NOUN
fsr-3923	288	36	in	in	ADP
fsr-3923	288	37	the	the	DET
fsr-3923	288	38	pension	pension	NOUN
fsr-3923	288	39	field	field	NOUN
fsr-3923	288	40	are	be	AUX
fsr-3923	288	41	determined	determine	VERB
fsr-3923	288	42	in	in	ADP
fsr-3923	288	43	a	a	DET
fsr-3923	288	44	marketplace	marketplace	NOUN
fsr-3923	288	45	where	where	SCONJ
fsr-3923	288	46	arm	arm	NOUN
fsr-3923	288	47	’s	’s	PART
fsr-3923	288	48	length	length	NOUN
fsr-3923	288	49	bargaining	bargaining	NOUN
fsr-3923	288	50	occurs	occur	VERB
fsr-3923	288	51	.	.	PUNCT
fsr-3923	289	1	they	they	PRON
fsr-3923	289	2	argue	argue	VERB
fsr-3923	289	3	that	that	SCONJ
fsr-3923	289	4	mutual	mutual	ADJ
fsr-3923	289	5	fund	fund	NOUN
fsr-3923	289	6	shareholders	shareholder	NOUN
fsr-3923	289	7	as	as	ADP
fsr-3923	289	8	a	a	DET
fsr-3923	289	9	rule	rule	NOUN
fsr-3923	289	10	do	do	AUX
fsr-3923	289	11	not	not	PART
fsr-3923	289	12	benefit	benefit	VERB
fsr-3923	289	13	from	from	ADP
fsr-3923	289	14	arm	arm	NOUN
fsr-3923	289	15	’s	’s	PART
fsr-3923	289	16	length	length	NOUN
fsr-3923	289	17	bargaining	bargaining	NOUN
fsr-3923	289	18	due	due	ADP
fsr-3923	289	19	to	to	ADP
fsr-3923	289	20	a	a	DET
fsr-3923	289	21	dysfunctional	dysfunctional	ADJ
fsr-3923	289	22	regulatory	regulatory	ADJ
fsr-3923	289	23	system	system	NOUN
fsr-3923	289	24	,	,	PUNCT
fsr-3923	289	25	and	and	CCONJ
fsr-3923	289	26	case	case	NOUN
fsr-3923	289	27	law	law	NOUN
fsr-3923	289	28	that	that	PRON
fsr-3923	289	29	,	,	PUNCT
fsr-3923	289	30	to	to	ADP
fsr-3923	289	31	date	date	NOUN
fsr-3923	289	32	,	,	PUNCT
fsr-3923	289	33	has	have	AUX
fsr-3923	289	34	unduly	unduly	ADV
fsr-3923	289	35	favored	favor	VERB
fsr-3923	289	36	advisory	advisory	ADJ
fsr-3923	289	37	firms	firm	NOUN
fsr-3923	289	38	at	at	ADP
fsr-3923	289	39	the	the	DET
fsr-3923	289	40	expense	expense	NOUN
fsr-3923	289	41	of	of	ADP
fsr-3923	289	42	their	their	PRON
fsr-3923	289	43	captive	captive	ADJ
fsr-3923	289	44	funds	fund	NOUN
fsr-3923	289	45	’	'	PUNCT
fsr-3923	289	46	shareholders	shareholder	NOUN
fsr-3923	289	47	.	.	PUNCT
fsr-3923	290	1	mutual	mutual	ADJ
fsr-3923	290	2	fund	fund	NOUN
fsr-3923	290	3	boards	board	NOUN
fsr-3923	290	4	are	be	AUX
fsr-3923	290	5	typically	typically	ADV
fsr-3923	290	6	dominated	dominate	VERB
fsr-3923	290	7	by	by	ADP
fsr-3923	290	8	employees	employee	NOUN
fsr-3923	290	9	of	of	ADP
fsr-3923	290	10	the	the	DET
fsr-3923	290	11	investment	investment	NOUN
fsr-3923	290	12	advisory	advisory	NOUN
fsr-3923	290	13	firm	firm	NOUN
fsr-3923	290	14	,	,	PUNCT
fsr-3923	290	15	even	even	ADV
fsr-3923	290	16	though	though	SCONJ
fsr-3923	290	17	the	the	DET
fsr-3923	290	18	mutual	mutual	ADJ
fsr-3923	290	19	fund	fund	NOUN
fsr-3923	290	20	is	be	AUX
fsr-3923	290	21	to	to	PART
fsr-3923	290	22	be	be	AUX
fsr-3923	290	23	operated	operate	VERB
fsr-3923	290	24	in	in	ADP
fsr-3923	290	25	the	the	DET
fsr-3923	290	26	interests	interest	NOUN
fsr-3923	290	27	of	of	ADP
fsr-3923	290	28	the	the	DET
fsr-3923	290	29	mutual	mutual	ADJ
fsr-3923	290	30	fund	fund	NOUN
fsr-3923	290	31	shareholders	shareholder	NOUN
fsr-3923	290	32	.	.	PUNCT
fsr-3923	291	1	similar	similar	ADJ
fsr-3923	291	2	to	to	ADP
fsr-3923	291	3	investment	investment	NOUN
fsr-3923	291	4	advisory	advisory	ADJ
fsr-3923	291	5	services	service	NOUN
fsr-3923	291	6	,	,	PUNCT
fsr-3923	291	7	administrative	administrative	ADJ
fsr-3923	291	8	services	service	NOUN
fsr-3923	291	9	are	be	AUX
fsr-3923	291	10	essentially	essentially	ADV
fsr-3923	291	11	a	a	DET
fsr-3923	291	12	commodity	commodity	NOUN
fsr-3923	291	13	and	and	CCONJ
fsr-3923	291	14	there	there	PRON
fsr-3923	291	15	is	be	VERB
fsr-3923	291	16	limited	limited	ADJ
fsr-3923	291	17	product	product	NOUN
fsr-3923	291	18	differentiation	differentiation	NOUN
fsr-3923	291	19	.	.	PUNCT
fsr-3923	292	1	unlike	unlike	ADP
fsr-3923	292	2	advisory	advisory	ADJ
fsr-3923	292	3	services	service	NOUN
fsr-3923	292	4	,	,	PUNCT
fsr-3923	292	5	however	however	ADV
fsr-3923	292	6	,	,	PUNCT
fsr-3923	292	7	fig	fig	NOUN
fsr-3923	292	8	.	.	PUNCT
fsr-3923	293	1	2	2	X
fsr-3923	293	2	.	.	X
fsr-3923	293	3	domestic	domestic	ADJ
fsr-3923	293	4	equity	equity	NOUN
fsr-3923	293	5	investment	investment	NOUN
fsr-3923	293	6	advisory	advisory	NOUN
fsr-3923	293	7	fees	fee	NOUN
fsr-3923	293	8	for	for	ADP
fsr-3923	293	9	active	active	ADJ
fsr-3923	293	10	retail	retail	ADJ
fsr-3923	293	11	mutual	mutual	ADJ
fsr-3923	293	12	funds	fund	NOUN
fsr-3923	293	13	,	,	PUNCT
fsr-3923	293	14	active	active	ADJ
fsr-3923	293	15	institutional	institutional	ADJ
fsr-3923	293	16	mutual	mutual	ADJ
fsr-3923	293	17	funds	fund	NOUN
fsr-3923	293	18	and	and	CCONJ
fsr-3923	293	19	active	active	ADJ
fsr-3923	293	20	db	db	PRON
fsr-3923	293	21	pension	pension	NOUN
fsr-3923	293	22	accounts	account	NOUN
fsr-3923	293	23	213k.w	213k.w	NOUN
fsr-3923	293	24	.	.	PUNCT
fsr-3923	294	1	sigrist	sigrist	PROPN
fsr-3923	294	2	,	,	PUNCT
fsr-3923	294	3	s.l	s.l	PROPN
fsr-3923	294	4	.	.	PROPN
fsr-3923	294	5	brown	brown	ADJ
fsr-3923	294	6	/	/	SYM
fsr-3923	294	7	financial	financial	ADJ
fsr-3923	294	8	services	service	NOUN
fsr-3923	294	9	review	review	VERB
fsr-3923	294	10	9	9	NUM
fsr-3923	294	11	(	(	PUNCT
fsr-3923	294	12	2000	2000	NUM
fsr-3923	294	13	)	)	PUNCT
fsr-3923	295	1	197–218	197–218	NUM
fsr-3923	295	2	competition	competition	NOUN
fsr-3923	295	3	appears	appear	VERB
fsr-3923	295	4	to	to	PART
fsr-3923	295	5	be	be	AUX
fsr-3923	295	6	more	more	ADV
fsr-3923	295	7	vibrant	vibrant	ADJ
fsr-3923	295	8	in	in	ADP
fsr-3923	295	9	the	the	DET
fsr-3923	295	10	administrative	administrative	ADJ
fsr-3923	295	11	services	service	NOUN
fsr-3923	295	12	arena	arena	NOUN
fsr-3923	295	13	.	.	PUNCT
fsr-3923	296	1	it	it	PRON
fsr-3923	296	2	is	be	AUX
fsr-3923	296	3	common	common	ADJ
fsr-3923	296	4	for	for	ADP
fsr-3923	296	5	smalland	smalland	NOUN
fsr-3923	296	6	midsized	midsized	ADJ
fsr-3923	296	7	mutual	mutual	ADJ
fsr-3923	296	8	funds	fund	NOUN
fsr-3923	296	9	to	to	PART
fsr-3923	296	10	purchase	purchase	VERB
fsr-3923	296	11	administrative	administrative	ADJ
fsr-3923	296	12	services	service	NOUN
fsr-3923	296	13	from	from	ADP
fsr-3923	296	14	third	third	ADJ
fsr-3923	296	15	parties	party	NOUN
fsr-3923	296	16	;	;	PUNCT
fsr-3923	296	17	rather	rather	ADV
fsr-3923	296	18	than	than	ADP
fsr-3923	296	19	from	from	ADP
fsr-3923	296	20	their	their	PRON
fsr-3923	296	21	affiliated	affiliate	VERB
fsr-3923	296	22	investment	investment	NOUN
fsr-3923	296	23	management	management	NOUN
fsr-3923	296	24	companies	company	NOUN
fsr-3923	296	25	.	.	PUNCT
fsr-3923	297	1	the	the	DET
fsr-3923	297	2	natural	natural	ADJ
fsr-3923	297	3	economies	economy	NOUN
fsr-3923	297	4	of	of	ADP
fsr-3923	297	5	scale	scale	NOUN
fsr-3923	297	6	in	in	ADP
fsr-3923	297	7	administrative	administrative	ADJ
fsr-3923	297	8	lines	line	NOUN
fsr-3923	297	9	of	of	ADP
fsr-3923	297	10	business	business	NOUN
fsr-3923	297	11	are	be	AUX
fsr-3923	297	12	demanded	demand	VERB
fsr-3923	297	13	by	by	ADP
fsr-3923	297	14	the	the	DET
fsr-3923	297	15	mutual	mutual	ADJ
fsr-3923	297	16	fund	fund	NOUN
fsr-3923	297	17	companies	company	NOUN
fsr-3923	297	18	and	and	CCONJ
fsr-3923	297	19	then	then	ADV
fsr-3923	297	20	,	,	PUNCT
fsr-3923	297	21	at	at	ADP
fsr-3923	297	22	least	least	ADJ
fsr-3923	297	23	in	in	ADP
fsr-3923	297	24	part	part	NOUN
fsr-3923	297	25	,	,	PUNCT
fsr-3923	297	26	passed	pass	VERB
fsr-3923	297	27	on	on	ADP
fsr-3923	297	28	to	to	ADP
fsr-3923	297	29	mutual	mutual	ADJ
fsr-3923	297	30	fund	fund	NOUN
fsr-3923	297	31	shareholders	shareholder	NOUN
fsr-3923	297	32	.	.	PUNCT
fsr-3923	298	1	under	under	ADP
fsr-3923	298	2	mpers	mper	NOUN
fsr-3923	298	3	trustees	trustee	NOUN
fsr-3923	298	4	have	have	VERB
fsr-3923	298	5	a	a	DET
fsr-3923	298	6	duty	duty	NOUN
fsr-3923	298	7	to	to	PART
fsr-3923	298	8	,	,	PUNCT
fsr-3923	298	9	“	"	PUNCT
fsr-3923	298	10	make	make	VERB
fsr-3923	298	11	a	a	DET
fsr-3923	298	12	reasonable	reasonable	ADJ
fsr-3923	298	13	effort	effort	NOUN
fsr-3923	298	14	to	to	PART
fsr-3923	298	15	verify	verify	VERB
fsr-3923	298	16	facts	fact	NOUN
fsr-3923	298	17	relevant	relevant	ADJ
fsr-3923	298	18	to	to	ADP
fsr-3923	298	19	the	the	DET
fsr-3923	298	20	investment	investment	NOUN
fsr-3923	298	21	program	program	NOUN
fsr-3923	298	22	.	.	PUNCT
fsr-3923	298	23	”	"	PUNCT
fsr-3923	299	1	the	the	DET
fsr-3923	299	2	basic	basic	ADJ
fsr-3923	299	3	industry	industry	NOUN
fsr-3923	299	4	cost	cost	NOUN
fsr-3923	299	5	information	information	NOUN
fsr-3923	299	6	presented	present	VERB
fsr-3923	299	7	above	above	ADV
fsr-3923	299	8	strongly	strongly	ADV
fsr-3923	299	9	argues	argue	VERB
fsr-3923	299	10	that	that	SCONJ
fsr-3923	299	11	trustees	trustee	NOUN
fsr-3923	299	12	procure	procure	VERB
fsr-3923	299	13	separate	separate	ADJ
fsr-3923	299	14	bids	bid	NOUN
fsr-3923	299	15	for	for	ADP
fsr-3923	299	16	administrative	administrative	ADJ
fsr-3923	299	17	services	service	NOUN
fsr-3923	299	18	and	and	CCONJ
fsr-3923	299	19	investment	investment	NOUN
fsr-3923	299	20	advisory	advisory	ADJ
fsr-3923	299	21	services	service	NOUN
fsr-3923	299	22	.	.	PUNCT
fsr-3923	300	1	trustees	trustee	NOUN
fsr-3923	300	2	and	and	CCONJ
fsr-3923	300	3	consultants	consultant	NOUN
fsr-3923	300	4	should	should	AUX
fsr-3923	300	5	be	be	AUX
fsr-3923	300	6	able	able	ADJ
fsr-3923	300	7	to	to	PART
fsr-3923	300	8	obtain	obtain	VERB
fsr-3923	300	9	sufficient	sufficient	ADJ
fsr-3923	300	10	information	information	NOUN
fsr-3923	300	11	to	to	PART
fsr-3923	300	12	identify	identify	VERB
fsr-3923	300	13	a	a	DET
fsr-3923	300	14	normal	normal	ADJ
fsr-3923	300	15	operating	operating	NOUN
fsr-3923	300	16	profit	profit	NOUN
fsr-3923	300	17	rate	rate	NOUN
fsr-3923	300	18	for	for	ADP
fsr-3923	300	19	the	the	DET
fsr-3923	300	20	stand	stand	VERB
fsr-3923	300	21	-	-	PUNCT
fsr-3923	300	22	alone	alone	ADV
fsr-3923	300	23	administrative	administrative	ADJ
fsr-3923	300	24	services	service	NOUN
fsr-3923	300	25	,	,	PUNCT
fsr-3923	300	26	given	give	VERB
fsr-3923	300	27	the	the	DET
fsr-3923	300	28	dc	dc	PROPN
fsr-3923	300	29	plan	plan	PROPN
fsr-3923	300	30	’s	’s	PART
fsr-3923	300	31	size	size	NOUN
fsr-3923	300	32	and	and	CCONJ
fsr-3923	300	33	other	other	ADJ
fsr-3923	300	34	circumstances	circumstance	NOUN
fsr-3923	300	35	.	.	PUNCT
fsr-3923	301	1	moreover	moreover	ADV
fsr-3923	301	2	,	,	PUNCT
fsr-3923	301	3	all	all	DET
fsr-3923	301	4	else	else	ADV
fsr-3923	301	5	equal	equal	ADJ
fsr-3923	301	6	,	,	PUNCT
fsr-3923	301	7	a	a	DET
fsr-3923	301	8	large	large	ADJ
fsr-3923	301	9	dc	dc	PROPN
fsr-3923	301	10	plan	plan	NOUN
fsr-3923	301	11	with	with	ADP
fsr-3923	301	12	an	an	DET
fsr-3923	301	13	average	average	ADJ
fsr-3923	301	14	dc	dc	PROPN
fsr-3923	301	15	account	account	NOUN
fsr-3923	301	16	balance	balance	NOUN
fsr-3923	301	17	that	that	PRON
fsr-3923	301	18	exceeds	exceed	VERB
fsr-3923	301	19	average	average	ADJ
fsr-3923	301	20	mutual	mutual	ADJ
fsr-3923	301	21	fund	fund	NOUN
fsr-3923	301	22	account	account	NOUN
fsr-3923	301	23	balances	balance	NOUN
fsr-3923	301	24	should	should	AUX
fsr-3923	301	25	be	be	AUX
fsr-3923	301	26	able	able	ADJ
fsr-3923	301	27	to	to	PART
fsr-3923	301	28	use	use	VERB
fsr-3923	301	29	an	an	DET
fsr-3923	301	30	independent	independent	ADJ
fsr-3923	301	31	administrative	administrative	ADJ
fsr-3923	301	32	vendor	vendor	NOUN
fsr-3923	301	33	to	to	PART
fsr-3923	301	34	meet	meet	VERB
fsr-3923	301	35	or	or	CCONJ
fsr-3923	301	36	beat	beat	VERB
fsr-3923	301	37	the	the	DET
fsr-3923	301	38	cost	cost	NOUN
fsr-3923	301	39	structure	structure	NOUN
fsr-3923	301	40	of	of	ADP
fsr-3923	301	41	retail	retail	ADJ
fsr-3923	301	42	mutual	mutual	ADJ
fsr-3923	301	43	funds	fund	NOUN
fsr-3923	301	44	.	.	PUNCT
fsr-3923	302	1	as	as	SCONJ
fsr-3923	302	2	noted	note	VERB
fsr-3923	302	3	above	above	ADP
fsr-3923	302	4	,	,	PUNCT
fsr-3923	302	5	flat	flat	ADJ
fsr-3923	302	6	or	or	CCONJ
fsr-3923	302	7	declining	decline	VERB
fsr-3923	302	8	per	per	ADP
fsr-3923	302	9	-	-	PUNCT
fsr-3923	302	10	capita	capita	NOUN
fsr-3923	302	11	charges	charge	NOUN
fsr-3923	302	12	for	for	ADP
fsr-3923	302	13	basic	basic	ADJ
fsr-3923	302	14	administration	administration	NOUN
fsr-3923	302	15	fees	fee	NOUN
fsr-3923	302	16	,	,	PUNCT
fsr-3923	302	17	reduce	reduce	VERB
fsr-3923	302	18	per	per	ADP
fsr-3923	302	19	-	-	PUNCT
fsr-3923	302	20	participant	participant	ADJ
fsr-3923	302	21	administrative	administrative	ADJ
fsr-3923	302	22	costs	cost	NOUN
fsr-3923	302	23	among	among	ADP
fsr-3923	302	24	larger	large	ADJ
fsr-3923	302	25	plans	plan	NOUN
fsr-3923	302	26	when	when	SCONJ
fsr-3923	302	27	expressed	express	VERB
fsr-3923	302	28	as	as	ADP
fsr-3923	302	29	a	a	DET
fsr-3923	302	30	percentage	percentage	NOUN
fsr-3923	302	31	of	of	ADP
fsr-3923	302	32	assets	asset	NOUN
fsr-3923	302	33	(	(	PUNCT
fsr-3923	302	34	u.s	u.s	PROPN
fsr-3923	302	35	.	.	PROPN
fsr-3923	302	36	department	department	PROPN
fsr-3923	302	37	of	of	ADP
fsr-3923	302	38	labor	labor	NOUN
fsr-3923	302	39	,	,	PUNCT
fsr-3923	302	40	1998	1998	NUM
fsr-3923	302	41	)	)	PUNCT
fsr-3923	302	42	.	.	PUNCT
fsr-3923	303	1	separate	separate	ADJ
fsr-3923	303	2	procurement	procurement	NOUN
fsr-3923	303	3	of	of	ADP
fsr-3923	303	4	administrative	administrative	ADJ
fsr-3923	303	5	services	service	NOUN
fsr-3923	303	6	eliminates	eliminate	VERB
fsr-3923	303	7	the	the	DET
fsr-3923	303	8	mutual	mutual	ADJ
fsr-3923	303	9	fund	fund	NOUN
fsr-3923	303	10	as	as	ADP
fsr-3923	303	11	a	a	DET
fsr-3923	303	12	middle	middle	ADJ
fsr-3923	303	13	-	-	PUNCT
fsr-3923	303	14	man	man	NOUN
fsr-3923	303	15	and	and	CCONJ
fsr-3923	303	16	any	any	DET
fsr-3923	303	17	associated	associated	ADJ
fsr-3923	303	18	profit	profit	NOUN
fsr-3923	303	19	margin	margin	NOUN
fsr-3923	303	20	built	build	VERB
fsr-3923	303	21	into	into	ADP
fsr-3923	303	22	its	its	PRON
fsr-3923	303	23	procurement	procurement	NOUN
fsr-3923	303	24	of	of	ADP
fsr-3923	303	25	services	service	NOUN
fsr-3923	303	26	for	for	ADP
fsr-3923	303	27	shareholders	shareholder	NOUN
fsr-3923	303	28	.	.	PUNCT
fsr-3923	304	1	7	7	X
fsr-3923	304	2	.	.	X
fsr-3923	304	3	the	the	DET
fsr-3923	304	4	trade	trade	NOUN
fsr-3923	304	5	-	-	PUNCT
fsr-3923	304	6	off	off	NOUN
fsr-3923	304	7	between	between	ADP
fsr-3923	304	8	participant	participant	ADJ
fsr-3923	304	9	choice	choice	NOUN
fsr-3923	304	10	and	and	CCONJ
fsr-3923	304	11	effectiveness	effectiveness	NOUN
fsr-3923	304	12	the	the	DET
fsr-3923	304	13	existence	existence	NOUN
fsr-3923	304	14	of	of	ADP
fsr-3923	304	15	economies	economy	NOUN
fsr-3923	304	16	of	of	ADP
fsr-3923	304	17	scale	scale	NOUN
fsr-3923	304	18	in	in	ADP
fsr-3923	304	19	institutional	institutional	ADJ
fsr-3923	304	20	investment	investment	NOUN
fsr-3923	304	21	products	product	NOUN
fsr-3923	304	22	sheds	shed	VERB
fsr-3923	304	23	a	a	DET
fsr-3923	304	24	negative	negative	ADJ
fsr-3923	304	25	light	light	NOUN
fsr-3923	304	26	on	on	ADP
fsr-3923	304	27	the	the	DET
fsr-3923	304	28	practice	practice	NOUN
fsr-3923	304	29	of	of	ADP
fsr-3923	304	30	offering	offer	VERB
fsr-3923	304	31	multiple	multiple	ADJ
fsr-3923	304	32	versions	version	NOUN
fsr-3923	304	33	of	of	ADP
fsr-3923	304	34	the	the	DET
fsr-3923	304	35	same	same	ADJ
fsr-3923	304	36	type	type	NOUN
fsr-3923	304	37	of	of	ADP
fsr-3923	304	38	investment	investment	NOUN
fsr-3923	304	39	option	option	NOUN
fsr-3923	304	40	;	;	PUNCT
fsr-3923	304	41	for	for	ADP
fsr-3923	304	42	example	example	NOUN
fsr-3923	304	43	,	,	PUNCT
fsr-3923	304	44	two	two	NUM
fsr-3923	304	45	active	active	ADJ
fsr-3923	304	46	large	large	ADJ
fsr-3923	304	47	-	-	PUNCT
fsr-3923	304	48	cap	cap	NOUN
fsr-3923	304	49	options	option	NOUN
fsr-3923	304	50	.	.	PUNCT
fsr-3923	305	1	the	the	DET
fsr-3923	305	2	common	common	ADJ
fsr-3923	305	3	rationale	rationale	NOUN
fsr-3923	305	4	for	for	ADP
fsr-3923	305	5	offering	offer	VERB
fsr-3923	305	6	multiple	multiple	ADJ
fsr-3923	305	7	versions	version	NOUN
fsr-3923	305	8	of	of	ADP
fsr-3923	305	9	the	the	DET
fsr-3923	305	10	same	same	ADJ
fsr-3923	305	11	option	option	NOUN
fsr-3923	305	12	is	be	AUX
fsr-3923	305	13	to	to	PART
fsr-3923	305	14	afford	afford	VERB
fsr-3923	305	15	participants	participant	NOUN
fsr-3923	305	16	choice	choice	NOUN
fsr-3923	305	17	;	;	PUNCT
fsr-3923	305	18	with	with	ADP
fsr-3923	305	19	the	the	DET
fsr-3923	305	20	expectation	expectation	NOUN
fsr-3923	305	21	that	that	SCONJ
fsr-3923	305	22	participants	participant	NOUN
fsr-3923	305	23	might	might	AUX
fsr-3923	305	24	be	be	AUX
fsr-3923	305	25	able	able	ADJ
fsr-3923	305	26	to	to	PART
fsr-3923	305	27	exit	exit	VERB
fsr-3923	305	28	a	a	DET
fsr-3923	305	29	poorly	poorly	ADV
fsr-3923	305	30	performing	perform	VERB
fsr-3923	305	31	fund	fund	NOUN
fsr-3923	305	32	and	and	CCONJ
fsr-3923	305	33	choose	choose	VERB
fsr-3923	305	34	a	a	DET
fsr-3923	305	35	substitute	substitute	NOUN
fsr-3923	305	36	that	that	PRON
fsr-3923	305	37	performs	perform	VERB
fsr-3923	305	38	better	well	ADV
fsr-3923	305	39	going	go	VERB
fsr-3923	305	40	forward	forward	ADV
fsr-3923	305	41	.	.	PUNCT
fsr-3923	306	1	however	however	ADV
fsr-3923	306	2	,	,	PUNCT
fsr-3923	306	3	trustees	trustee	NOUN
fsr-3923	306	4	must	must	AUX
fsr-3923	306	5	critically	critically	ADV
fsr-3923	306	6	evaluate	evaluate	VERB
fsr-3923	306	7	the	the	DET
fsr-3923	306	8	expected	expect	VERB
fsr-3923	306	9	marginal	marginal	ADJ
fsr-3923	306	10	costs	cost	NOUN
fsr-3923	306	11	and	and	CCONJ
fsr-3923	306	12	benefits	benefit	NOUN
fsr-3923	306	13	associated	associate	VERB
fsr-3923	306	14	with	with	ADP
fsr-3923	306	15	providing	provide	VERB
fsr-3923	306	16	choice	choice	NOUN
fsr-3923	306	17	on	on	ADP
fsr-3923	306	18	this	this	DET
fsr-3923	306	19	dimension	dimension	NOUN
fsr-3923	306	20	.	.	PUNCT
fsr-3923	307	1	even	even	ADV
fsr-3923	307	2	with	with	ADP
fsr-3923	307	3	a	a	DET
fsr-3923	307	4	sophisticated	sophisticated	ADJ
fsr-3923	307	5	participant	participant	ADJ
fsr-3923	307	6	base	base	NOUN
fsr-3923	307	7	,	,	PUNCT
fsr-3923	307	8	it	it	PRON
fsr-3923	307	9	seems	seem	VERB
fsr-3923	307	10	unlikely	unlikely	ADJ
fsr-3923	307	11	that	that	SCONJ
fsr-3923	307	12	the	the	DET
fsr-3923	307	13	expected	expect	VERB
fsr-3923	307	14	benefits	benefit	NOUN
fsr-3923	307	15	of	of	ADP
fsr-3923	307	16	expanding	expand	VERB
fsr-3923	307	17	the	the	DET
fsr-3923	307	18	choice	choice	NOUN
fsr-3923	307	19	of	of	ADP
fsr-3923	307	20	duplicative	duplicative	ADJ
fsr-3923	307	21	investment	investment	NOUN
fsr-3923	307	22	options	option	NOUN
fsr-3923	307	23	would	would	AUX
fsr-3923	307	24	materialize	materialize	VERB
fsr-3923	307	25	.	.	PUNCT
fsr-3923	308	1	there	there	PRON
fsr-3923	308	2	is	be	VERB
fsr-3923	308	3	a	a	DET
fsr-3923	308	4	major	major	ADJ
fsr-3923	308	5	gap	gap	NOUN
fsr-3923	308	6	between	between	ADP
fsr-3923	308	7	the	the	DET
fsr-3923	308	8	information	information	NOUN
fsr-3923	308	9	retail	retail	ADJ
fsr-3923	308	10	investors	investor	NOUN
fsr-3923	308	11	can	can	AUX
fsr-3923	308	12	obtain	obtain	VERB
fsr-3923	308	13	on	on	ADP
fsr-3923	308	14	retail	retail	ADJ
fsr-3923	308	15	products	product	NOUN
fsr-3923	308	16	and	and	CCONJ
fsr-3923	308	17	the	the	DET
fsr-3923	308	18	information	information	NOUN
fsr-3923	308	19	professional	professional	ADJ
fsr-3923	308	20	staff	staff	NOUN
fsr-3923	308	21	can	can	AUX
fsr-3923	308	22	obtain	obtain	VERB
fsr-3923	308	23	on	on	ADP
fsr-3923	308	24	institutional	institutional	ADJ
fsr-3923	308	25	products	product	NOUN
fsr-3923	308	26	.	.	PUNCT
fsr-3923	309	1	in	in	ADP
fsr-3923	309	2	the	the	DET
fsr-3923	309	3	search	search	NOUN
fsr-3923	309	4	and	and	CCONJ
fsr-3923	309	5	monitoring	monitor	VERB
fsr-3923	309	6	phases	phase	NOUN
fsr-3923	309	7	for	for	ADP
fsr-3923	309	8	institutional	institutional	ADJ
fsr-3923	309	9	pension	pension	NOUN
fsr-3923	309	10	fund	fund	NOUN
fsr-3923	309	11	managers	manager	NOUN
fsr-3923	309	12	,	,	PUNCT
fsr-3923	309	13	professional	professional	ADJ
fsr-3923	309	14	staff	staff	NOUN
fsr-3923	309	15	typically	typically	ADV
fsr-3923	309	16	gathers	gather	VERB
fsr-3923	309	17	and	and	CCONJ
fsr-3923	309	18	analyzes	analyze	VERB
fsr-3923	309	19	detailed	detailed	ADJ
fsr-3923	309	20	information	information	NOUN
fsr-3923	309	21	on	on	ADP
fsr-3923	309	22	aggregate	aggregate	ADJ
fsr-3923	309	23	performance	performance	NOUN
fsr-3923	309	24	and	and	CCONJ
fsr-3923	309	25	dispersion	dispersion	NOUN
fsr-3923	309	26	across	across	ADP
fsr-3923	309	27	subaccounts	subaccount	NOUN
fsr-3923	309	28	,	,	PUNCT
fsr-3923	309	29	investment	investment	NOUN
fsr-3923	309	30	strategies	strategy	NOUN
fsr-3923	309	31	,	,	PUNCT
fsr-3923	309	32	real	real	ADJ
fsr-3923	309	33	-	-	PUNCT
fsr-3923	309	34	time	time	NOUN
fsr-3923	309	35	holdings	holding	NOUN
fsr-3923	309	36	data	datum	NOUN
fsr-3923	309	37	and	and	CCONJ
fsr-3923	309	38	trading	trading	NOUN
fsr-3923	309	39	activity	activity	NOUN
fsr-3923	309	40	,	,	PUNCT
fsr-3923	309	41	portfolio	portfolio	NOUN
fsr-3923	309	42	management	management	NOUN
fsr-3923	309	43	,	,	PUNCT
fsr-3923	309	44	trading	trading	NOUN
fsr-3923	309	45	and	and	CCONJ
fsr-3923	309	46	research	research	NOUN
fsr-3923	309	47	personnel	personnel	NOUN
fsr-3923	309	48	,	,	PUNCT
fsr-3923	309	49	risk	risk	NOUN
fsr-3923	309	50	management	management	NOUN
fsr-3923	309	51	processes	process	NOUN
fsr-3923	309	52	,	,	PUNCT
fsr-3923	309	53	trading	trading	NOUN
fsr-3923	309	54	arrangements	arrangement	NOUN
fsr-3923	309	55	,	,	PUNCT
fsr-3923	309	56	trading	trading	NOUN
fsr-3923	309	57	effectiveness	effectiveness	NOUN
fsr-3923	309	58	,	,	PUNCT
fsr-3923	309	59	and	and	CCONJ
fsr-3923	309	60	so	so	ADV
fsr-3923	309	61	forth	forth	ADV
fsr-3923	309	62	.	.	PUNCT
fsr-3923	310	1	in	in	ADP
fsr-3923	310	2	contrast	contrast	NOUN
fsr-3923	310	3	,	,	PUNCT
fsr-3923	310	4	retail	retail	ADJ
fsr-3923	310	5	mutual	mutual	ADJ
fsr-3923	310	6	fund	fund	NOUN
fsr-3923	310	7	investors	investor	NOUN
fsr-3923	310	8	are	be	AUX
fsr-3923	310	9	generally	generally	ADV
fsr-3923	310	10	limited	limit	VERB
fsr-3923	310	11	to	to	ADP
fsr-3923	310	12	historical	historical	ADJ
fsr-3923	310	13	aggregate	aggregate	ADJ
fsr-3923	310	14	return	return	NOUN
fsr-3923	310	15	information	information	NOUN
fsr-3923	310	16	,	,	PUNCT
fsr-3923	310	17	semiannual	semiannual	ADJ
fsr-3923	310	18	holdings	holding	NOUN
fsr-3923	310	19	data	datum	NOUN
fsr-3923	310	20	and	and	CCONJ
fsr-3923	310	21	historical	historical	ADJ
fsr-3923	310	22	turnover	turnover	NOUN
fsr-3923	310	23	statistics	statistic	NOUN
fsr-3923	310	24	.	.	PUNCT
fsr-3923	311	1	unfortunately	unfortunately	ADV
fsr-3923	311	2	,	,	PUNCT
fsr-3923	311	3	recent	recent	ADJ
fsr-3923	311	4	studies	study	NOUN
fsr-3923	311	5	(	(	PUNCT
fsr-3923	311	6	carhart	carhart	NOUN
fsr-3923	311	7	,	,	PUNCT
fsr-3923	311	8	1997	1997	NUM
fsr-3923	311	9	;	;	PUNCT
fsr-3923	311	10	kahn	kahn	PROPN
fsr-3923	311	11	&	&	CCONJ
fsr-3923	311	12	rudd	rudd	PROPN
fsr-3923	311	13	,	,	PUNCT
fsr-3923	311	14	1995	1995	NUM
fsr-3923	311	15	;	;	PUNCT
fsr-3923	311	16	malkiel	malkiel	PROPN
fsr-3923	311	17	,	,	PUNCT
fsr-3923	311	18	1995	1995	NUM
fsr-3923	311	19	)	)	PUNCT
fsr-3923	311	20	show	show	VERB
fsr-3923	311	21	that	that	SCONJ
fsr-3923	311	22	past	past	ADJ
fsr-3923	311	23	performance	performance	NOUN
fsr-3923	311	24	has	have	VERB
fsr-3923	311	25	virtually	virtually	ADV
fsr-3923	311	26	no	no	DET
fsr-3923	311	27	ability	ability	NOUN
fsr-3923	311	28	to	to	PART
fsr-3923	311	29	predict	predict	VERB
fsr-3923	311	30	future	future	ADJ
fsr-3923	311	31	performance	performance	NOUN
fsr-3923	311	32	by	by	ADP
fsr-3923	311	33	domestic	domestic	ADJ
fsr-3923	311	34	equity	equity	NOUN
fsr-3923	311	35	managers	manager	NOUN
fsr-3923	311	36	and	and	CCONJ
fsr-3923	311	37	has	have	VERB
fsr-3923	311	38	mixed	mixed	ADJ
fsr-3923	311	39	results	result	NOUN
fsr-3923	311	40	for	for	ADP
fsr-3923	311	41	fixed	fix	VERB
fsr-3923	311	42	income	income	NOUN
fsr-3923	311	43	managers	manager	NOUN
fsr-3923	311	44	.	.	PUNCT
fsr-3923	312	1	on	on	ADP
fsr-3923	312	2	the	the	DET
fsr-3923	312	3	other	other	ADJ
fsr-3923	312	4	hand	hand	NOUN
fsr-3923	312	5	,	,	PUNCT
fsr-3923	312	6	the	the	DET
fsr-3923	312	7	expected	expect	VERB
fsr-3923	312	8	marginal	marginal	ADJ
fsr-3923	312	9	costs	cost	NOUN
fsr-3923	312	10	resulting	result	VERB
fsr-3923	312	11	from	from	ADP
fsr-3923	312	12	expanded	expand	VERB
fsr-3923	312	13	choice	choice	NOUN
fsr-3923	312	14	are	be	AUX
fsr-3923	312	15	certain	certain	ADJ
fsr-3923	312	16	and	and	CCONJ
fsr-3923	312	17	material	material	ADJ
fsr-3923	312	18	.	.	PUNCT
fsr-3923	313	1	first	first	ADV
fsr-3923	313	2	,	,	PUNCT
fsr-3923	313	3	for	for	ADP
fsr-3923	313	4	a	a	DET
fsr-3923	313	5	given	give	VERB
fsr-3923	313	6	asset	asset	NOUN
fsr-3923	313	7	base	base	NOUN
fsr-3923	313	8	,	,	PUNCT
fsr-3923	313	9	expanding	expand	VERB
fsr-3923	313	10	the	the	DET
fsr-3923	313	11	set	set	NOUN
fsr-3923	313	12	of	of	ADP
fsr-3923	313	13	options	option	NOUN
fsr-3923	313	14	compromises	compromise	VERB
fsr-3923	313	15	a	a	DET
fsr-3923	313	16	214	214	NUM
fsr-3923	313	17	k.w	k.w	PROPN
fsr-3923	313	18	.	.	PROPN
fsr-3923	313	19	sigrist	sigrist	PROPN
fsr-3923	313	20	,	,	PUNCT
fsr-3923	313	21	s.l	s.l	PROPN
fsr-3923	313	22	.	.	PROPN
fsr-3923	313	23	brown	brown	ADJ
fsr-3923	313	24	/	/	SYM
fsr-3923	313	25	financial	financial	ADJ
fsr-3923	313	26	services	service	NOUN
fsr-3923	313	27	review	review	VERB
fsr-3923	313	28	9	9	NUM
fsr-3923	313	29	(	(	PUNCT
fsr-3923	313	30	2000	2000	NUM
fsr-3923	313	31	)	)	PUNCT
fsr-3923	314	1	197–218	197–218	NUM
fsr-3923	314	2	program	program	NOUN
fsr-3923	314	3	’s	’s	PART
fsr-3923	314	4	ability	ability	NOUN
fsr-3923	314	5	to	to	PART
fsr-3923	314	6	maintain	maintain	VERB
fsr-3923	314	7	low	low	ADJ
fsr-3923	314	8	costs	cost	NOUN
fsr-3923	314	9	.	.	PUNCT
fsr-3923	315	1	for	for	ADP
fsr-3923	315	2	instance	instance	NOUN
fsr-3923	315	3	,	,	PUNCT
fsr-3923	315	4	splitting	split	VERB
fsr-3923	315	5	a	a	DET
fsr-3923	315	6	$	$	SYM
fsr-3923	315	7	1	1	NUM
fsr-3923	315	8	billion	billion	NUM
fsr-3923	315	9	large	large	ADJ
fsr-3923	315	10	-	-	PUNCT
fsr-3923	315	11	cap	cap	NOUN
fsr-3923	315	12	active	active	ADJ
fsr-3923	315	13	institutional	institutional	ADJ
fsr-3923	315	14	mandate	mandate	NOUN
fsr-3923	315	15	into	into	ADP
fsr-3923	315	16	three	three	NUM
fsr-3923	315	17	institutional	institutional	ADJ
fsr-3923	315	18	mandates	mandate	NOUN
fsr-3923	315	19	causes	cause	VERB
fsr-3923	315	20	costs	cost	NOUN
fsr-3923	315	21	to	to	PART
fsr-3923	315	22	rise	rise	VERB
fsr-3923	315	23	by	by	ADP
fsr-3923	315	24	34	34	NUM
fsr-3923	315	25	%	%	NOUN
fsr-3923	315	26	.	.	PUNCT
fsr-3923	316	1	additionally	additionally	ADV
fsr-3923	316	2	,	,	PUNCT
fsr-3923	316	3	under	under	ADP
fsr-3923	316	4	an	an	DET
fsr-3923	316	5	institutional	institutional	ADJ
fsr-3923	316	6	product	product	NOUN
fsr-3923	316	7	structure	structure	NOUN
fsr-3923	316	8	,	,	PUNCT
fsr-3923	316	9	there	there	PRON
fsr-3923	316	10	are	be	VERB
fsr-3923	316	11	cost	cost	NOUN
fsr-3923	316	12	externalities	externality	NOUN
fsr-3923	316	13	created	create	VERB
fsr-3923	316	14	by	by	ADP
fsr-3923	316	15	facilitating	facilitate	VERB
fsr-3923	316	16	choice	choice	NOUN
fsr-3923	316	17	among	among	ADP
fsr-3923	316	18	duplicative	duplicative	ADJ
fsr-3923	316	19	products	product	NOUN
fsr-3923	316	20	.	.	PUNCT
fsr-3923	317	1	these	these	DET
fsr-3923	317	2	externalities	externality	NOUN
fsr-3923	317	3	are	be	AUX
fsr-3923	317	4	a	a	DET
fsr-3923	317	5	nontrivial	nontrivial	ADJ
fsr-3923	317	6	matter	matter	NOUN
fsr-3923	317	7	,	,	PUNCT
fsr-3923	317	8	given	give	VERB
fsr-3923	317	9	the	the	DET
fsr-3923	317	10	duty	duty	NOUN
fsr-3923	317	11	of	of	ADP
fsr-3923	317	12	impartiality	impartiality	NOUN
fsr-3923	317	13	:	:	PUNCT
fsr-3923	317	14	trustees	trustee	NOUN
fsr-3923	317	15	’	'	PUNCT
fsr-3923	317	16	obligation	obligation	NOUN
fsr-3923	317	17	to	to	PART
fsr-3923	317	18	consider	consider	VERB
fsr-3923	317	19	the	the	DET
fsr-3923	317	20	impact	impact	NOUN
fsr-3923	317	21	of	of	ADP
fsr-3923	317	22	design	design	NOUN
fsr-3923	317	23	decisions	decision	NOUN
fsr-3923	317	24	by	by	ADP
fsr-3923	317	25	taking	take	VERB
fsr-3923	317	26	into	into	ADP
fsr-3923	317	27	account	account	NOUN
fsr-3923	317	28	any	any	DET
fsr-3923	317	29	differing	differ	VERB
fsr-3923	317	30	interests	interest	NOUN
fsr-3923	317	31	of	of	ADP
fsr-3923	317	32	participants	participant	NOUN
fsr-3923	317	33	.	.	PUNCT
fsr-3923	318	1	table	table	NOUN
fsr-3923	318	2	6	6	NUM
fsr-3923	318	3	provides	provide	VERB
fsr-3923	318	4	an	an	DET
fsr-3923	318	5	estimate	estimate	NOUN
fsr-3923	318	6	of	of	ADP
fsr-3923	318	7	the	the	DET
fsr-3923	318	8	externality	externality	NOUN
fsr-3923	318	9	created	create	VERB
fsr-3923	318	10	when	when	SCONJ
fsr-3923	318	11	two	two	NUM
fsr-3923	318	12	mutual	mutual	ADJ
fsr-3923	318	13	funds	fund	NOUN
fsr-3923	318	14	are	be	AUX
fsr-3923	318	15	introduced	introduce	VERB
fsr-3923	318	16	to	to	PART
fsr-3923	318	17	compete	compete	VERB
fsr-3923	318	18	with	with	ADP
fsr-3923	318	19	an	an	DET
fsr-3923	318	20	identical	identical	ADJ
fsr-3923	318	21	institutional	institutional	ADJ
fsr-3923	318	22	fund	fund	NOUN
fsr-3923	318	23	.	.	PUNCT
fsr-3923	319	1	we	we	PRON
fsr-3923	319	2	assume	assume	VERB
fsr-3923	319	3	that	that	SCONJ
fsr-3923	319	4	after	after	ADP
fsr-3923	319	5	the	the	DET
fsr-3923	319	6	expansion	expansion	NOUN
fsr-3923	319	7	of	of	ADP
fsr-3923	319	8	choice	choice	NOUN
fsr-3923	319	9	,	,	PUNCT
fsr-3923	319	10	each	each	DET
fsr-3923	319	11	option	option	NOUN
fsr-3923	319	12	gets	get	VERB
fsr-3923	319	13	one	one	NUM
fsr-3923	319	14	-	-	PUNCT
fsr-3923	319	15	third	third	NOUN
fsr-3923	319	16	of	of	ADP
fsr-3923	319	17	the	the	DET
fsr-3923	319	18	assets	asset	NOUN
fsr-3923	319	19	that	that	PRON
fsr-3923	319	20	had	have	AUX
fsr-3923	319	21	originally	originally	ADV
fsr-3923	319	22	been	be	AUX
fsr-3923	319	23	invested	invest	VERB
fsr-3923	319	24	in	in	ADP
fsr-3923	319	25	the	the	DET
fsr-3923	319	26	institutional	institutional	ADJ
fsr-3923	319	27	option	option	NOUN
fsr-3923	319	28	.	.	PUNCT
fsr-3923	320	1	this	this	DET
fsr-3923	320	2	assumption	assumption	NOUN
fsr-3923	320	3	is	be	AUX
fsr-3923	320	4	conservatively	conservatively	ADV
fsr-3923	320	5	based	base	VERB
fsr-3923	320	6	on	on	ADP
fsr-3923	320	7	data	datum	NOUN
fsr-3923	320	8	from	from	ADP
fsr-3923	320	9	fidelity	fidelity	PROPN
fsr-3923	320	10	institutional	institutional	PROPN
fsr-3923	320	11	retirement	retirement	PROPN
fsr-3923	320	12	services	service	NOUN
fsr-3923	320	13	company	company	NOUN
fsr-3923	320	14	(	(	PUNCT
fsr-3923	320	15	1999	1999	NUM
fsr-3923	320	16	)	)	PUNCT
fsr-3923	320	17	and	and	CCONJ
fsr-3923	320	18	the	the	DET
fsr-3923	320	19	recent	recent	ADJ
fsr-3923	320	20	allocation	allocation	NOUN
fsr-3923	320	21	of	of	ADP
fsr-3923	320	22	participant	participant	ADJ
fsr-3923	320	23	balances	balance	NOUN
fsr-3923	320	24	within	within	ADP
fsr-3923	320	25	the	the	DET
fsr-3923	320	26	state	state	NOUN
fsr-3923	320	27	of	of	ADP
fsr-3923	320	28	michigan	michigan	PROPN
fsr-3923	320	29	dc	dc	PROPN
fsr-3923	320	30	plan	plan	PROPN
fsr-3923	320	31	.	.	PUNCT
fsr-3923	321	1	for	for	ADP
fsr-3923	321	2	a	a	DET
fsr-3923	321	3	ten	ten	NUM
fsr-3923	321	4	year	year	NOUN
fsr-3923	321	5	horizon	horizon	NOUN
fsr-3923	321	6	,	,	PUNCT
fsr-3923	321	7	participants	participant	NOUN
fsr-3923	321	8	that	that	PRON
fsr-3923	321	9	prefer	prefer	VERB
fsr-3923	321	10	the	the	DET
fsr-3923	321	11	low	low	ADJ
fsr-3923	321	12	-	-	PUNCT
fsr-3923	321	13	cost	cost	NOUN
fsr-3923	321	14	generic	generic	ADJ
fsr-3923	321	15	institutional	institutional	ADJ
fsr-3923	321	16	option	option	NOUN
fsr-3923	321	17	over	over	ADP
fsr-3923	321	18	the	the	DET
fsr-3923	321	19	higher	high	ADJ
fsr-3923	321	20	cost	cost	NOUN
fsr-3923	321	21	name	name	NOUN
fsr-3923	321	22	-	-	PUNCT
fsr-3923	321	23	brand	brand	NOUN
fsr-3923	321	24	options	option	NOUN
fsr-3923	321	25	are	be	AUX
fsr-3923	321	26	forced	force	VERB
fsr-3923	321	27	to	to	PART
fsr-3923	321	28	pay	pay	VERB
fsr-3923	321	29	about	about	ADV
fsr-3923	321	30	40	40	NUM
fsr-3923	321	31	%	%	NOUN
fsr-3923	321	32	more	more	ADJ
fsr-3923	321	33	in	in	ADP
fsr-3923	321	34	fees	fee	NOUN
fsr-3923	321	35	because	because	SCONJ
fsr-3923	321	36	assets	asset	NOUN
fsr-3923	321	37	move	move	VERB
fsr-3923	321	38	into	into	ADP
fsr-3923	321	39	the	the	DET
fsr-3923	321	40	branded	brand	VERB
fsr-3923	321	41	options	option	NOUN
fsr-3923	321	42	.	.	PUNCT
fsr-3923	322	1	this	this	DET
fsr-3923	322	2	analysis	analysis	NOUN
fsr-3923	322	3	also	also	ADV
fsr-3923	322	4	points	point	VERB
fsr-3923	322	5	to	to	ADP
fsr-3923	322	6	the	the	DET
fsr-3923	322	7	unavoidable	unavoidable	ADJ
fsr-3923	322	8	tension	tension	NOUN
fsr-3923	322	9	between	between	ADP
fsr-3923	322	10	participant	participant	ADJ
fsr-3923	322	11	desires	desire	NOUN
fsr-3923	322	12	,	,	PUNCT
fsr-3923	322	13	especially	especially	ADV
fsr-3923	322	14	the	the	DET
fsr-3923	322	15	demands	demand	NOUN
fsr-3923	322	16	of	of	ADP
fsr-3923	322	17	vocal	vocal	ADJ
fsr-3923	322	18	subsets	subset	NOUN
fsr-3923	322	19	of	of	ADP
fsr-3923	322	20	participants	participant	NOUN
fsr-3923	322	21	requesting	request	VERB
fsr-3923	322	22	more	more	ADJ
fsr-3923	322	23	investment	investment	NOUN
fsr-3923	322	24	options	option	NOUN
fsr-3923	322	25	,	,	PUNCT
fsr-3923	322	26	and	and	CCONJ
fsr-3923	322	27	the	the	DET
fsr-3923	322	28	trustees	trustee	NOUN
fsr-3923	322	29	’	'	PUNCT
fsr-3923	322	30	duties	duty	NOUN
fsr-3923	322	31	to	to	ADP
fsr-3923	322	32	the	the	DET
fsr-3923	322	33	overall	overall	ADJ
fsr-3923	322	34	group	group	NOUN
fsr-3923	322	35	of	of	ADP
fsr-3923	322	36	participants	participant	NOUN
fsr-3923	322	37	.	.	PUNCT
fsr-3923	323	1	using	use	VERB
fsr-3923	323	2	the	the	DET
fsr-3923	323	3	cost	cost	NOUN
fsr-3923	323	4	analysis	analysis	NOUN
fsr-3923	323	5	from	from	ADP
fsr-3923	323	6	above	above	ADV
fsr-3923	323	7	,	,	PUNCT
fsr-3923	323	8	it	it	PRON
fsr-3923	323	9	is	be	AUX
fsr-3923	323	10	possible	possible	ADJ
fsr-3923	323	11	to	to	PART
fsr-3923	323	12	demonstrate	demonstrate	VERB
fsr-3923	323	13	that	that	SCONJ
fsr-3923	323	14	fiduciary	fiduciary	ADJ
fsr-3923	323	15	duty	duty	NOUN
fsr-3923	323	16	precludes	preclude	VERB
fsr-3923	323	17	trustees	trustee	NOUN
fsr-3923	323	18	from	from	ADP
fsr-3923	323	19	maximizing	maximize	VERB
fsr-3923	323	20	participants	participant	NOUN
fsr-3923	323	21	’	'	PUNCT
fsr-3923	323	22	choice	choice	NOUN
fsr-3923	323	23	of	of	ADP
fsr-3923	323	24	investment	investment	NOUN
fsr-3923	323	25	options	option	NOUN
fsr-3923	323	26	;	;	PUNCT
fsr-3923	323	27	to	to	PART
fsr-3923	323	28	do	do	AUX
fsr-3923	323	29	so	so	ADV
fsr-3923	323	30	would	would	AUX
fsr-3923	323	31	be	be	AUX
fsr-3923	323	32	in	in	ADP
fsr-3923	323	33	direct	direct	ADJ
fsr-3923	323	34	conflict	conflict	NOUN
fsr-3923	323	35	with	with	ADP
fsr-3923	323	36	the	the	DET
fsr-3923	323	37	trustees	trustee	NOUN
fsr-3923	323	38	’	'	PUNCT
fsr-3923	323	39	obligation	obligation	NOUN
fsr-3923	323	40	to	to	PART
fsr-3923	323	41	discharge	discharge	VERB
fsr-3923	323	42	their	their	PRON
fsr-3923	323	43	duties	duty	NOUN
fsr-3923	323	44	for	for	ADP
fsr-3923	323	45	the	the	DET
fsr-3923	323	46	sole	sole	ADJ
fsr-3923	323	47	interest	interest	NOUN
fsr-3923	323	48	and	and	CCONJ
fsr-3923	323	49	exclusive	exclusive	ADJ
fsr-3923	323	50	purpose	purpose	NOUN
fsr-3923	323	51	of	of	ADP
fsr-3923	323	52	providing	provide	VERB
fsr-3923	323	53	benefits	benefit	NOUN
fsr-3923	323	54	.	.	PUNCT
fsr-3923	324	1	imagine	imagine	VERB
fsr-3923	324	2	that	that	SCONJ
fsr-3923	324	3	a	a	DET
fsr-3923	324	4	poll	poll	NOUN
fsr-3923	324	5	of	of	ADP
fsr-3923	324	6	participants	participant	NOUN
fsr-3923	324	7	were	be	AUX
fsr-3923	324	8	conducted	conduct	VERB
fsr-3923	324	9	regarding	regard	VERB
fsr-3923	324	10	their	their	PRON
fsr-3923	324	11	nominees	nominee	NOUN
fsr-3923	324	12	for	for	ADP
fsr-3923	324	13	investment	investment	NOUN
fsr-3923	324	14	options	option	NOUN
fsr-3923	324	15	,	,	PUNCT
fsr-3923	324	16	prior	prior	ADV
fsr-3923	324	17	to	to	ADP
fsr-3923	324	18	drafting	draft	VERB
fsr-3923	324	19	an	an	DET
fsr-3923	324	20	investment	investment	NOUN
fsr-3923	324	21	policy	policy	NOUN
fsr-3923	324	22	statement	statement	NOUN
fsr-3923	324	23	or	or	CCONJ
fsr-3923	324	24	conducting	conduct	VERB
fsr-3923	324	25	an	an	DET
fsr-3923	324	26	education	education	NOUN
fsr-3923	324	27	program	program	NOUN
fsr-3923	324	28	.	.	PUNCT
fsr-3923	325	1	it	it	PRON
fsr-3923	325	2	seems	seem	VERB
fsr-3923	325	3	reasonable	reasonable	ADJ
fsr-3923	325	4	to	to	PART
fsr-3923	325	5	expect	expect	VERB
fsr-3923	325	6	that	that	SCONJ
fsr-3923	325	7	their	their	PRON
fsr-3923	325	8	preferences	preference	NOUN
fsr-3923	325	9	would	would	AUX
fsr-3923	325	10	resemble	resemble	VERB
fsr-3923	325	11	the	the	DET
fsr-3923	325	12	retail	retail	ADJ
fsr-3923	325	13	mutual	mutual	ADJ
fsr-3923	325	14	fund	fund	NOUN
fsr-3923	325	15	market	market	NOUN
fsr-3923	325	16	,	,	PUNCT
fsr-3923	325	17	with	with	ADP
fsr-3923	325	18	a	a	DET
fsr-3923	325	19	smattering	smattering	NOUN
fsr-3923	325	20	of	of	ADP
fsr-3923	325	21	bank	bank	NOUN
fsr-3923	325	22	deposits	deposit	NOUN
fsr-3923	325	23	and	and	CCONJ
fsr-3923	325	24	insurance	insurance	NOUN
fsr-3923	325	25	products	product	NOUN
fsr-3923	325	26	.	.	PUNCT
fsr-3923	326	1	adopting	adopt	VERB
fsr-3923	326	2	an	an	DET
fsr-3923	326	3	investment	investment	NOUN
fsr-3923	326	4	policy	policy	NOUN
fsr-3923	326	5	statement	statement	NOUN
fsr-3923	326	6	that	that	PRON
fsr-3923	326	7	incorporated	incorporate	VERB
fsr-3923	326	8	each	each	PRON
fsr-3923	326	9	of	of	ADP
fsr-3923	326	10	these	these	DET
fsr-3923	326	11	nominated	nominate	VERB
fsr-3923	326	12	products	product	NOUN
fsr-3923	326	13	would	would	AUX
fsr-3923	326	14	maximize	maximize	VERB
fsr-3923	326	15	product	product	NOUN
fsr-3923	326	16	choice	choice	NOUN
fsr-3923	326	17	from	from	ADP
fsr-3923	326	18	each	each	DET
fsr-3923	326	19	individual	individual	NOUN
fsr-3923	326	20	’s	’s	PART
fsr-3923	326	21	perspective	perspective	NOUN
fsr-3923	326	22	.	.	PUNCT
fsr-3923	327	1	however	however	ADV
fsr-3923	327	2	,	,	PUNCT
fsr-3923	327	3	the	the	DET
fsr-3923	327	4	high	high	ADJ
fsr-3923	327	5	cost	cost	NOUN
fsr-3923	327	6	of	of	ADP
fsr-3923	327	7	such	such	DET
fsr-3923	327	8	a	a	DET
fsr-3923	327	9	“	"	PUNCT
fsr-3923	327	10	maximal	maximal	ADJ
fsr-3923	327	11	product	product	NOUN
fsr-3923	327	12	choice	choice	NOUN
fsr-3923	327	13	design	design	NOUN
fsr-3923	327	14	”	"	PUNCT
fsr-3923	327	15	would	would	AUX
fsr-3923	327	16	substantially	substantially	ADV
fsr-3923	327	17	erode	erode	VERB
fsr-3923	327	18	terminal	terminal	ADJ
fsr-3923	327	19	retirement	retirement	NOUN
fsr-3923	327	20	benefits	benefit	NOUN
fsr-3923	327	21	for	for	ADP
fsr-3923	327	22	participants	participant	NOUN
fsr-3923	327	23	in	in	ADP
fsr-3923	327	24	the	the	DET
fsr-3923	327	25	aggregate	aggregate	NOUN
fsr-3923	327	26	,	,	PUNCT
fsr-3923	327	27	relative	relative	ADJ
fsr-3923	327	28	to	to	ADP
fsr-3923	327	29	benefits	benefit	NOUN
fsr-3923	327	30	provided	provide	VERB
fsr-3923	327	31	through	through	ADP
fsr-3923	327	32	a	a	DET
fsr-3923	327	33	set	set	NOUN
fsr-3923	327	34	of	of	ADP
fsr-3923	327	35	low	low	ADJ
fsr-3923	327	36	-	-	PUNCT
fsr-3923	327	37	cost	cost	NOUN
fsr-3923	327	38	investment	investment	NOUN
fsr-3923	327	39	options	option	NOUN
fsr-3923	327	40	that	that	PRON
fsr-3923	327	41	represent	represent	VERB
fsr-3923	327	42	the	the	DET
fsr-3923	327	43	basic	basic	ADJ
fsr-3923	327	44	asset	asset	NOUN
fsr-3923	327	45	types	type	NOUN
fsr-3923	327	46	.	.	PUNCT
fsr-3923	328	1	consolidating	consolidate	VERB
fsr-3923	328	2	all	all	DET
fsr-3923	328	3	assets	asset	NOUN
fsr-3923	328	4	in	in	ADP
fsr-3923	328	5	comparable	comparable	ADJ
fsr-3923	328	6	retail	retail	ADJ
fsr-3923	328	7	investment	investment	NOUN
fsr-3923	328	8	options	option	NOUN
fsr-3923	328	9	(	(	PUNCT
fsr-3923	328	10	e.g.	e.g.	ADV
fsr-3923	328	11	,	,	PUNCT
fsr-3923	328	12	large	large	ADJ
fsr-3923	328	13	-	-	PUNCT
fsr-3923	328	14	cap	cap	NOUN
fsr-3923	328	15	domestic	domestic	ADJ
fsr-3923	328	16	equities	equity	NOUN
fsr-3923	328	17	)	)	PUNCT
fsr-3923	328	18	into	into	ADP
fsr-3923	328	19	a	a	DET
fsr-3923	328	20	single	single	ADJ
fsr-3923	328	21	comparable	comparable	ADJ
fsr-3923	328	22	retail	retail	ADJ
fsr-3923	328	23	product	product	NOUN
fsr-3923	328	24	would	would	AUX
fsr-3923	328	25	create	create	VERB
fsr-3923	328	26	significant	significant	ADJ
fsr-3923	328	27	economies	economy	NOUN
fsr-3923	328	28	of	of	ADP
fsr-3923	328	29	scale	scale	NOUN
fsr-3923	328	30	in	in	ADP
fsr-3923	328	31	administration	administration	NOUN
fsr-3923	328	32	and	and	CCONJ
fsr-3923	328	33	advisory	advisory	ADJ
fsr-3923	328	34	fees	fee	NOUN
fsr-3923	328	35	for	for	ADP
fsr-3923	328	36	participants	participant	NOUN
fsr-3923	328	37	.	.	PUNCT
fsr-3923	329	1	in	in	ADP
fsr-3923	329	2	turn	turn	NOUN
fsr-3923	329	3	,	,	PUNCT
fsr-3923	329	4	that	that	SCONJ
fsr-3923	329	5	retail	retail	ADJ
fsr-3923	329	6	product	product	NOUN
fsr-3923	329	7	would	would	AUX
fsr-3923	329	8	be	be	AUX
fsr-3923	329	9	higher	high	ADJ
fsr-3923	329	10	cost	cost	NOUN
fsr-3923	329	11	than	than	ADP
fsr-3923	329	12	an	an	DET
fsr-3923	329	13	equivalent	equivalent	ADJ
fsr-3923	329	14	institutional	institutional	ADJ
fsr-3923	329	15	mutual	mutual	ADJ
fsr-3923	329	16	fund	fund	NOUN
fsr-3923	329	17	share	share	NOUN
fsr-3923	329	18	class	class	NOUN
fsr-3923	329	19	;	;	PUNCT
fsr-3923	329	20	which	which	PRON
fsr-3923	329	21	would	would	AUX
fsr-3923	329	22	be	be	AUX
fsr-3923	329	23	higher	high	ADJ
fsr-3923	329	24	cost	cost	NOUN
fsr-3923	329	25	than	than	ADP
fsr-3923	329	26	an	an	DET
fsr-3923	329	27	institutional	institutional	ADJ
fsr-3923	329	28	separate	separate	ADJ
fsr-3923	329	29	account	account	NOUN
fsr-3923	329	30	.	.	PUNCT
fsr-3923	330	1	finally	finally	ADV
fsr-3923	330	2	,	,	PUNCT
fsr-3923	330	3	in	in	ADP
fsr-3923	330	4	terms	term	NOUN
fsr-3923	330	5	of	of	ADP
fsr-3923	330	6	investment	investment	NOUN
fsr-3923	330	7	performance	performance	NOUN
fsr-3923	330	8	,	,	PUNCT
fsr-3923	330	9	there	there	PRON
fsr-3923	330	10	is	be	VERB
fsr-3923	330	11	no	no	DET
fsr-3923	330	12	basis	basis	NOUN
fsr-3923	330	13	to	to	PART
fsr-3923	330	14	expect	expect	VERB
fsr-3923	330	15	that	that	SCONJ
fsr-3923	330	16	higher	high	ADJ
fsr-3923	330	17	cost	cost	NOUN
fsr-3923	330	18	table	table	NOUN
fsr-3923	330	19	6	6	NUM
fsr-3923	330	20	allocation	allocation	NOUN
fsr-3923	330	21	of	of	ADP
fsr-3923	330	22	10	10	NUM
fsr-3923	330	23	-	-	PUNCT
fsr-3923	330	24	year	year	NOUN
fsr-3923	330	25	cumulative	cumulative	ADJ
fsr-3923	330	26	costs	cost	NOUN
fsr-3923	330	27	for	for	ADP
fsr-3923	330	28	$	$	SYM
fsr-3923	330	29	1	1	NUM
fsr-3923	330	30	billion	billion	NUM
fsr-3923	330	31	active	active	ADJ
fsr-3923	330	32	large	large	ADJ
fsr-3923	330	33	cap	cap	NOUN
fsr-3923	330	34	domestic	domestic	ADJ
fsr-3923	330	35	equity	equity	NOUN
fsr-3923	330	36	structures	structure	NOUN
fsr-3923	330	37	.	.	PUNCT
fsr-3923	331	1	all	all	DET
fsr-3923	331	2	institutional	institutional	ADJ
fsr-3923	331	3	funds	fund	NOUN
fsr-3923	331	4	and	and	CCONJ
fsr-3923	331	5	institutional	institutional	ADJ
fsr-3923	331	6	/	/	SYM
fsr-3923	331	7	mutual	mutual	ADJ
fsr-3923	331	8	fund	fund	NOUN
fsr-3923	331	9	mix	mix	NOUN
fsr-3923	331	10	(	(	PUNCT
fsr-3923	331	11	cost	cost	NOUN
fsr-3923	331	12	in	in	ADP
fsr-3923	331	13	millions	million	NOUN
fsr-3923	331	14	)	)	PUNCT
fsr-3923	331	15	all	all	DET
fsr-3923	331	16	institutional	institutional	ADJ
fsr-3923	331	17	1	1	NUM
fsr-3923	331	18	institutional/2	institutional/2	ADJ
fsr-3923	331	19	mutual	mutual	ADJ
fsr-3923	331	20	funds	fund	NOUN
fsr-3923	331	21	direct	direct	ADJ
fsr-3923	331	22	cost	cost	NOUN
fsr-3923	331	23	to	to	ADP
fsr-3923	331	24	mutual	mutual	ADJ
fsr-3923	331	25	fund	fund	NOUN
fsr-3923	331	26	investors	investor	NOUN
fsr-3923	331	27	$	$	SYM
fsr-3923	331	28	17.56	17.56	NUM
fsr-3923	331	29	$	$	SYM
fsr-3923	331	30	71.41	71.41	NUM
fsr-3923	331	31	direct	direct	ADJ
fsr-3923	331	32	cost	cost	NOUN
fsr-3923	331	33	to	to	ADP
fsr-3923	331	34	institutional	institutional	ADJ
fsr-3923	331	35	users	user	NOUN
fsr-3923	331	36	$	$	SYM
fsr-3923	331	37	8.78	8.78	NUM
fsr-3923	331	38	$	$	SYM
fsr-3923	331	39	8.78	8.78	NUM
fsr-3923	331	40	indirect	indirect	ADJ
fsr-3923	331	41	cost	cost	NOUN
fsr-3923	331	42	to	to	ADP
fsr-3923	331	43	institutional	institutional	ADJ
fsr-3923	331	44	users	user	NOUN
fsr-3923	331	45	$	$	SYM
fsr-3923	331	46	3.60	3.60	NUM
fsr-3923	331	47	total	total	NOUN
fsr-3923	331	48	costs	cost	NOUN
fsr-3923	331	49	$	$	SYM
fsr-3923	331	50	26.34	26.34	NUM
fsr-3923	331	51	$	$	SYM
fsr-3923	331	52	83.79	83.79	NUM
fsr-3923	331	53	215k.w	215k.w	PROPN
fsr-3923	331	54	.	.	PROPN
fsr-3923	331	55	sigrist	sigrist	PROPN
fsr-3923	331	56	,	,	PUNCT
fsr-3923	331	57	s.l	s.l	PROPN
fsr-3923	331	58	.	.	PROPN
fsr-3923	331	59	brown	brown	ADJ
fsr-3923	331	60	/	/	SYM
fsr-3923	331	61	financial	financial	ADJ
fsr-3923	331	62	services	service	NOUN
fsr-3923	331	63	review	review	VERB
fsr-3923	331	64	9	9	NUM
fsr-3923	331	65	(	(	PUNCT
fsr-3923	331	66	2000	2000	NUM
fsr-3923	331	67	)	)	PUNCT
fsr-3923	331	68	197–218	197–218	NUM
fsr-3923	331	69	investment	investment	NOUN
fsr-3923	331	70	products	product	NOUN
fsr-3923	331	71	(	(	PUNCT
fsr-3923	331	72	i.e.	i.e.	X
fsr-3923	331	73	,	,	PUNCT
fsr-3923	331	74	retail	retail	ADJ
fsr-3923	331	75	vs.	vs.	X
fsr-3923	331	76	institutional	institutional	NOUN
fsr-3923	331	77	)	)	PUNCT
fsr-3923	331	78	are	be	AUX
fsr-3923	331	79	more	more	ADV
fsr-3923	331	80	effective	effective	ADJ
fsr-3923	331	81	.	.	PUNCT
fsr-3923	332	1	in	in	ADP
fsr-3923	332	2	fact	fact	NOUN
fsr-3923	332	3	,	,	PUNCT
fsr-3923	332	4	large	large	ADJ
fsr-3923	332	5	plan	plan	NOUN
fsr-3923	332	6	db	db	PROPN
fsr-3923	332	7	and	and	CCONJ
fsr-3923	332	8	dc	dc	PROPN
fsr-3923	332	9	practice	practice	NOUN
fsr-3923	332	10	suggests	suggest	VERB
fsr-3923	332	11	quite	quite	DET
fsr-3923	332	12	the	the	DET
fsr-3923	332	13	opposite	opposite	NOUN
fsr-3923	332	14	.	.	PUNCT
fsr-3923	333	1	domestic	domestic	ADJ
fsr-3923	333	2	equity	equity	NOUN
fsr-3923	333	3	mutual	mutual	ADJ
fsr-3923	333	4	funds	fund	NOUN
fsr-3923	333	5	are	be	AUX
fsr-3923	333	6	rarely	rarely	ADV
fsr-3923	333	7	used	use	VERB
fsr-3923	333	8	within	within	ADP
fsr-3923	333	9	large	large	ADJ
fsr-3923	333	10	db	db	PROPN
fsr-3923	333	11	plans	plan	NOUN
fsr-3923	333	12	and	and	CCONJ
fsr-3923	333	13	ennisknupp	ennisknupp	NOUN
fsr-3923	333	14	(	(	PUNCT
fsr-3923	333	15	1999	1999	NUM
fsr-3923	333	16	)	)	PUNCT
fsr-3923	333	17	reveals	reveal	VERB
fsr-3923	333	18	the	the	DET
fsr-3923	333	19	vast	vast	ADJ
fsr-3923	333	20	majority	majority	NOUN
fsr-3923	333	21	of	of	ADP
fsr-3923	333	22	corporate	corporate	ADJ
fsr-3923	333	23	dc	dc	PROPN
fsr-3923	333	24	plan	plan	NOUN
fsr-3923	333	25	administrators	administrator	NOUN
fsr-3923	333	26	believe	believe	VERB
fsr-3923	333	27	institutional	institutional	ADJ
fsr-3923	333	28	accounts	account	NOUN
fsr-3923	333	29	are	be	AUX
fsr-3923	333	30	more	more	ADV
fsr-3923	333	31	effective	effective	ADJ
fsr-3923	333	32	than	than	ADP
fsr-3923	333	33	mutual	mutual	ADJ
fsr-3923	333	34	funds	fund	NOUN
fsr-3923	333	35	.	.	PUNCT
fsr-3923	334	1	8	8	X
fsr-3923	334	2	.	.	X
fsr-3923	334	3	conclusion	conclusion	VERB
fsr-3923	334	4	new	new	ADJ
fsr-3923	334	5	public	public	ADJ
fsr-3923	334	6	sector	sector	NOUN
fsr-3923	334	7	dc	dc	PROPN
fsr-3923	334	8	plans	plan	NOUN
fsr-3923	334	9	face	face	VERB
fsr-3923	334	10	important	important	ADJ
fsr-3923	334	11	challenges	challenge	NOUN
fsr-3923	334	12	in	in	ADP
fsr-3923	334	13	program	program	NOUN
fsr-3923	334	14	design	design	NOUN
fsr-3923	334	15	.	.	PUNCT
fsr-3923	335	1	however	however	ADV
fsr-3923	335	2	,	,	PUNCT
fsr-3923	335	3	there	there	PRON
fsr-3923	335	4	is	be	VERB
fsr-3923	335	5	a	a	DET
fsr-3923	335	6	clear	clear	ADJ
fsr-3923	335	7	legal	legal	ADJ
fsr-3923	335	8	,	,	PUNCT
fsr-3923	335	9	fiduciary	fiduciary	ADJ
fsr-3923	335	10	and	and	CCONJ
fsr-3923	335	11	governance	governance	NOUN
fsr-3923	335	12	infrastructure	infrastructure	NOUN
fsr-3923	335	13	that	that	PRON
fsr-3923	335	14	should	should	AUX
fsr-3923	335	15	be	be	AUX
fsr-3923	335	16	adopted	adopt	VERB
fsr-3923	335	17	.	.	PUNCT
fsr-3923	336	1	with	with	ADP
fsr-3923	336	2	such	such	DET
fsr-3923	336	3	an	an	DET
fsr-3923	336	4	appropriate	appropriate	ADJ
fsr-3923	336	5	infrastructure	infrastructure	NOUN
fsr-3923	336	6	,	,	PUNCT
fsr-3923	336	7	public	public	ADJ
fsr-3923	336	8	sector	sector	NOUN
fsr-3923	336	9	plans	plan	NOUN
fsr-3923	336	10	should	should	AUX
fsr-3923	336	11	largely	largely	ADV
fsr-3923	336	12	conform	conform	VERB
fsr-3923	336	13	to	to	ADP
fsr-3923	336	14	erisa	erisa	NOUN
fsr-3923	336	15	going	go	VERB
fsr-3923	336	16	forward	forward	ADV
fsr-3923	336	17	and	and	CCONJ
fsr-3923	336	18	reflect	reflect	VERB
fsr-3923	336	19	best	good	ADJ
fsr-3923	336	20	practices	practice	NOUN
fsr-3923	336	21	in	in	ADP
fsr-3923	336	22	the	the	DET
fsr-3923	336	23	private	private	ADJ
fsr-3923	336	24	sector	sector	NOUN
fsr-3923	336	25	.	.	PUNCT
fsr-3923	337	1	the	the	DET
fsr-3923	337	2	major	major	ADJ
fsr-3923	337	3	challenge	challenge	NOUN
fsr-3923	337	4	facing	face	VERB
fsr-3923	337	5	public	public	ADJ
fsr-3923	337	6	sector	sector	NOUN
fsr-3923	337	7	trustees	trustee	NOUN
fsr-3923	337	8	is	be	AUX
fsr-3923	337	9	to	to	PART
fsr-3923	337	10	reconcile	reconcile	VERB
fsr-3923	337	11	fiduciary	fiduciary	ADJ
fsr-3923	337	12	duties	duty	NOUN
fsr-3923	337	13	with	with	ADP
fsr-3923	337	14	the	the	DET
fsr-3923	337	15	desires	desire	NOUN
fsr-3923	337	16	of	of	ADP
fsr-3923	337	17	individual	individual	ADJ
fsr-3923	337	18	plan	plan	NOUN
fsr-3923	337	19	participants	participant	NOUN
fsr-3923	337	20	.	.	PUNCT
fsr-3923	338	1	erisa	erisa	PROPN
fsr-3923	338	2	,	,	PUNCT
fsr-3923	338	3	mpt	mpt	NOUN
fsr-3923	338	4	and	and	CCONJ
fsr-3923	338	5	best	good	ADJ
fsr-3923	338	6	practices	practice	NOUN
fsr-3923	338	7	in	in	ADP
fsr-3923	338	8	the	the	DET
fsr-3923	338	9	corporate	corporate	ADJ
fsr-3923	338	10	arena	arena	NOUN
fsr-3923	338	11	strongly	strongly	ADV
fsr-3923	338	12	suggest	suggest	VERB
fsr-3923	338	13	that	that	SCONJ
fsr-3923	338	14	the	the	DET
fsr-3923	338	15	number	number	NOUN
fsr-3923	338	16	of	of	ADP
fsr-3923	338	17	investment	investment	NOUN
fsr-3923	338	18	options	option	NOUN
fsr-3923	338	19	should	should	AUX
fsr-3923	338	20	be	be	AUX
fsr-3923	338	21	limited	limit	VERB
fsr-3923	338	22	and	and	CCONJ
fsr-3923	338	23	an	an	DET
fsr-3923	338	24	institutional	institutional	ADJ
fsr-3923	338	25	structure	structure	NOUN
fsr-3923	338	26	should	should	AUX
fsr-3923	338	27	be	be	AUX
fsr-3923	338	28	utilized	utilize	VERB
fsr-3923	338	29	where	where	SCONJ
fsr-3923	338	30	all	all	DET
fsr-3923	338	31	costs	cost	NOUN
fsr-3923	338	32	are	be	AUX
fsr-3923	338	33	identified	identify	VERB
fsr-3923	338	34	separately	separately	ADV
fsr-3923	338	35	and	and	CCONJ
fsr-3923	338	36	tightly	tightly	ADV
fsr-3923	338	37	controlled	control	VERB
fsr-3923	338	38	.	.	PUNCT
fsr-3923	339	1	in	in	ADP
fsr-3923	339	2	contrast	contrast	NOUN
fsr-3923	339	3	,	,	PUNCT
fsr-3923	339	4	participants	participant	NOUN
fsr-3923	339	5	and	and	CCONJ
fsr-3923	339	6	other	other	ADJ
fsr-3923	339	7	interested	interested	ADJ
fsr-3923	339	8	parties	party	NOUN
fsr-3923	339	9	can	can	AUX
fsr-3923	339	10	be	be	AUX
fsr-3923	339	11	expected	expect	VERB
fsr-3923	339	12	to	to	PART
fsr-3923	339	13	argue	argue	VERB
fsr-3923	339	14	vociferously	vociferously	ADV
fsr-3923	339	15	for	for	ADP
fsr-3923	339	16	an	an	DET
fsr-3923	339	17	expansive	expansive	ADJ
fsr-3923	339	18	list	list	NOUN
fsr-3923	339	19	of	of	ADP
fsr-3923	339	20	recognizable	recognizable	ADJ
fsr-3923	339	21	,	,	PUNCT
fsr-3923	339	22	branded	brand	VERB
fsr-3923	339	23	investment	investment	NOUN
fsr-3923	339	24	options	option	NOUN
fsr-3923	339	25	.	.	PUNCT
fsr-3923	340	1	in	in	ADP
fsr-3923	340	2	the	the	DET
fsr-3923	340	3	context	context	NOUN
fsr-3923	340	4	of	of	ADP
fsr-3923	340	5	proposed	propose	VERB
fsr-3923	340	6	social	social	ADJ
fsr-3923	340	7	security	security	NOUN
fsr-3923	340	8	reforms	reform	NOUN
fsr-3923	340	9	,	,	PUNCT
fsr-3923	340	10	the	the	DET
fsr-3923	340	11	massive	massive	ADJ
fsr-3923	340	12	stakes	stake	NOUN
fsr-3923	340	13	for	for	ADP
fsr-3923	340	14	retail	retail	ADJ
fsr-3923	340	15	investment	investment	NOUN
fsr-3923	340	16	firms	firm	NOUN
fsr-3923	340	17	can	can	AUX
fsr-3923	340	18	be	be	AUX
fsr-3923	340	19	expected	expect	VERB
fsr-3923	340	20	to	to	PART
fsr-3923	340	21	generate	generate	VERB
fsr-3923	340	22	proportionally	proportionally	ADV
fsr-3923	340	23	large	large	ADJ
fsr-3923	340	24	rent	rent	NOUN
fsr-3923	340	25	-	-	PUNCT
fsr-3923	340	26	seeking	seek	VERB
fsr-3923	340	27	activities	activity	NOUN
fsr-3923	340	28	.	.	PUNCT
fsr-3923	341	1	based	base	VERB
fsr-3923	341	2	on	on	ADP
fsr-3923	341	3	empirical	empirical	ADJ
fsr-3923	341	4	analysis	analysis	NOUN
fsr-3923	341	5	presented	present	VERB
fsr-3923	341	6	above	above	ADV
fsr-3923	341	7	,	,	PUNCT
fsr-3923	341	8	the	the	DET
fsr-3923	341	9	two	two	NUM
fsr-3923	341	10	views	view	NOUN
fsr-3923	341	11	appear	appear	VERB
fsr-3923	341	12	difficult	difficult	ADJ
fsr-3923	341	13	to	to	PART
fsr-3923	341	14	reconcile	reconcile	VERB
fsr-3923	341	15	.	.	PUNCT
fsr-3923	342	1	the	the	DET
fsr-3923	342	2	retail	retail	ADJ
fsr-3923	342	3	approach	approach	NOUN
fsr-3923	342	4	,	,	PUNCT
fsr-3923	342	5	although	although	SCONJ
fsr-3923	342	6	intuitively	intuitively	ADV
fsr-3923	342	7	appealing	appeal	VERB
fsr-3923	342	8	and	and	CCONJ
fsr-3923	342	9	familiar	familiar	ADJ
fsr-3923	342	10	will	will	AUX
fsr-3923	342	11	result	result	VERB
fsr-3923	342	12	in	in	ADP
fsr-3923	342	13	higher	high	ADJ
fsr-3923	342	14	costs	cost	NOUN
fsr-3923	342	15	and	and	CCONJ
fsr-3923	342	16	lower	low	ADJ
fsr-3923	342	17	aggregate	aggregate	ADJ
fsr-3923	342	18	participant	participant	ADJ
fsr-3923	342	19	benefits	benefit	NOUN
fsr-3923	342	20	in	in	ADP
fsr-3923	342	21	the	the	DET
fsr-3923	342	22	long	long	ADJ
fsr-3923	342	23	run	run	NOUN
fsr-3923	342	24	.	.	PUNCT
fsr-3923	343	1	ultimately	ultimately	ADV
fsr-3923	343	2	,	,	PUNCT
fsr-3923	343	3	trustees	trustee	NOUN
fsr-3923	343	4	must	must	AUX
fsr-3923	343	5	choose	choose	VERB
fsr-3923	343	6	between	between	ADP
fsr-3923	343	7	what	what	PRON
fsr-3923	343	8	is	be	AUX
fsr-3923	343	9	right	right	ADJ
fsr-3923	343	10	and	and	CCONJ
fsr-3923	343	11	what	what	PRON
fsr-3923	343	12	is	be	AUX
fsr-3923	343	13	easy	easy	ADJ
fsr-3923	343	14	and	and	CCONJ
fsr-3923	343	15	popular	popular	ADJ
fsr-3923	343	16	.	.	PUNCT
fsr-3923	344	1	giving	give	VERB
fsr-3923	344	2	trustees	trustee	NOUN
fsr-3923	344	3	sufficient	sufficient	ADJ
fsr-3923	344	4	independence	independence	NOUN
fsr-3923	344	5	and	and	CCONJ
fsr-3923	344	6	subjecting	subject	VERB
fsr-3923	344	7	them	they	PRON
fsr-3923	344	8	to	to	PART
fsr-3923	344	9	stringent	stringent	ADJ
fsr-3923	344	10	fiduciary	fiduciary	ADJ
fsr-3923	344	11	duties	duty	NOUN
fsr-3923	344	12	should	should	AUX
fsr-3923	344	13	ensure	ensure	VERB
fsr-3923	344	14	that	that	SCONJ
fsr-3923	344	15	they	they	PRON
fsr-3923	344	16	make	make	VERB
fsr-3923	344	17	the	the	DET
fsr-3923	344	18	appropriate	appropriate	ADJ
fsr-3923	344	19	design	design	NOUN
fsr-3923	344	20	choices	choice	NOUN
fsr-3923	344	21	.	.	PUNCT
fsr-3923	345	1	notes	note	VERB
fsr-3923	345	2	1	1	NUM
fsr-3923	345	3	.	.	PUNCT
fsr-3923	346	1	a	a	DET
fsr-3923	346	2	1999	1999	NUM
fsr-3923	346	3	national	national	ADJ
fsr-3923	346	4	survey	survey	NOUN
fsr-3923	346	5	of	of	ADP
fsr-3923	346	6	defined	define	VERB
fsr-3923	346	7	contribution	contribution	NOUN
fsr-3923	346	8	plans	plan	NOUN
fsr-3923	346	9	by	by	ADP
fsr-3923	346	10	john	john	PROPN
fsr-3923	346	11	hancock	hancock	PROPN
fsr-3923	346	12	financial	financial	PROPN
fsr-3923	346	13	services	service	NOUN
fsr-3923	346	14	indicates	indicate	VERB
fsr-3923	346	15	that	that	SCONJ
fsr-3923	346	16	less	less	ADJ
fsr-3923	346	17	than	than	ADP
fsr-3923	346	18	one	one	NUM
fsr-3923	346	19	-	-	PUNCT
fsr-3923	346	20	quarter	quarter	NOUN
fsr-3923	346	21	of	of	ADP
fsr-3923	346	22	respondents	respondent	NOUN
fsr-3923	346	23	consider	consider	VERB
fsr-3923	346	24	themselves	themselves	PRON
fsr-3923	346	25	knowledgeable	knowledgeable	ADJ
fsr-3923	346	26	investors	investor	NOUN
fsr-3923	346	27	.	.	PUNCT
fsr-3923	347	1	forty	forty	NUM
fsr-3923	347	2	-	-	PUNCT
fsr-3923	347	3	one	one	NUM
fsr-3923	347	4	percentage	percentage	NOUN
fsr-3923	347	5	believe	believe	VERB
fsr-3923	347	6	that	that	SCONJ
fsr-3923	347	7	money	money	NOUN
fsr-3923	347	8	market	market	NOUN
fsr-3923	347	9	funds	fund	NOUN
fsr-3923	347	10	include	include	VERB
fsr-3923	347	11	equities	equity	NOUN
fsr-3923	347	12	and	and	CCONJ
fsr-3923	347	13	49	49	NUM
fsr-3923	347	14	%	%	NOUN
fsr-3923	347	15	believe	believe	VERB
fsr-3923	347	16	they	they	PRON
fsr-3923	347	17	contain	contain	VERB
fsr-3923	347	18	bonds	bond	NOUN
fsr-3923	347	19	.	.	PUNCT
fsr-3923	348	1	most	most	ADJ
fsr-3923	348	2	have	have	VERB
fsr-3923	348	3	no	no	DET
fsr-3923	348	4	strategy	strategy	NOUN
fsr-3923	348	5	or	or	CCONJ
fsr-3923	348	6	goal	goal	NOUN
fsr-3923	348	7	for	for	ADP
fsr-3923	348	8	allocating	allocate	VERB
fsr-3923	348	9	their	their	PRON
fsr-3923	348	10	retirement	retirement	NOUN
fsr-3923	348	11	investments	investment	NOUN
fsr-3923	348	12	.	.	PUNCT
fsr-3923	349	1	most	most	ADJ
fsr-3923	349	2	say	say	VERB
fsr-3923	349	3	they	they	PRON
fsr-3923	349	4	would	would	AUX
fsr-3923	349	5	pull	pull	VERB
fsr-3923	349	6	money	money	NOUN
fsr-3923	349	7	out	out	ADP
fsr-3923	349	8	of	of	ADP
fsr-3923	349	9	equities	equity	NOUN
fsr-3923	349	10	or	or	CCONJ
fsr-3923	349	11	reduce	reduce	VERB
fsr-3923	349	12	future	future	ADJ
fsr-3923	349	13	allocations	allocation	NOUN
fsr-3923	349	14	to	to	ADP
fsr-3923	349	15	equities	equity	NOUN
fsr-3923	349	16	if	if	SCONJ
fsr-3923	349	17	the	the	DET
fsr-3923	349	18	stock	stock	NOUN
fsr-3923	349	19	market	market	NOUN
fsr-3923	349	20	experienced	experience	VERB
fsr-3923	349	21	a	a	DET
fsr-3923	349	22	significant	significant	ADJ
fsr-3923	349	23	downturn	downturn	NOUN
fsr-3923	349	24	(	(	PUNCT
fsr-3923	349	25	john	john	PROPN
fsr-3923	349	26	hancock	hancock	PROPN
fsr-3923	349	27	financial	financial	PROPN
fsr-3923	349	28	services	services	PROPN
fsr-3923	349	29	,	,	PUNCT
fsr-3923	349	30	1999	1999	NUM
fsr-3923	349	31	)	)	PUNCT
fsr-3923	349	32	.	.	PUNCT
fsr-3923	350	1	recent	recent	ADJ
fsr-3923	350	2	academic	academic	ADJ
fsr-3923	350	3	studies	study	NOUN
fsr-3923	350	4	indicate	indicate	VERB
fsr-3923	350	5	that	that	SCONJ
fsr-3923	350	6	individual	individual	ADJ
fsr-3923	350	7	401(k	401(k	PROPN
fsr-3923	350	8	)	)	PUNCT
fsr-3923	350	9	investors	investor	NOUN
fsr-3923	350	10	naively	naively	ADV
fsr-3923	350	11	diversify	diversify	VERB
fsr-3923	350	12	among	among	ADP
fsr-3923	350	13	the	the	DET
fsr-3923	350	14	available	available	ADJ
fsr-3923	350	15	investment	investment	NOUN
fsr-3923	350	16	options	option	NOUN
fsr-3923	350	17	and	and	CCONJ
fsr-3923	350	18	individual	individual	ADJ
fsr-3923	350	19	investors	investor	NOUN
fsr-3923	350	20	tend	tend	VERB
fsr-3923	350	21	to	to	PART
fsr-3923	350	22	chase	chase	VERB
fsr-3923	350	23	the	the	DET
fsr-3923	350	24	hottest	hot	ADJ
fsr-3923	350	25	performing	perform	VERB
fsr-3923	350	26	sectors	sector	NOUN
fsr-3923	350	27	,	,	PUNCT
fsr-3923	350	28	trading	trade	VERB
fsr-3923	350	29	excessively	excessively	ADV
fsr-3923	350	30	and	and	CCONJ
fsr-3923	350	31	generating	generate	VERB
fsr-3923	350	32	poor	poor	ADJ
fsr-3923	350	33	results	result	NOUN
fsr-3923	350	34	(	(	PUNCT
fsr-3923	350	35	benartzi	benartzi	NOUN
fsr-3923	350	36	&	&	CCONJ
fsr-3923	350	37	thaler	thaler	PROPN
fsr-3923	350	38	,	,	PUNCT
fsr-3923	350	39	2001	2001	NUM
fsr-3923	350	40	;	;	PUNCT
fsr-3923	350	41	barber	barber	PROPN
fsr-3923	350	42	&	&	CCONJ
fsr-3923	350	43	odean	odean	PROPN
fsr-3923	350	44	,	,	PUNCT
fsr-3923	350	45	1999	1999	NUM
fsr-3923	350	46	;	;	PUNCT
fsr-3923	350	47	benartzi	benartzi	NOUN
fsr-3923	350	48	,	,	PUNCT
fsr-3923	350	49	2001	2001	NUM
fsr-3923	350	50	)	)	PUNCT
fsr-3923	350	51	.	.	PUNCT
fsr-3923	351	1	a	a	DET
fsr-3923	351	2	1996	1996	NUM
fsr-3923	351	3	survey	survey	NOUN
fsr-3923	351	4	conducted	conduct	VERB
fsr-3923	351	5	by	by	ADP
fsr-3923	351	6	the	the	DET
fsr-3923	351	7	securities	securities	PROPN
fsr-3923	351	8	and	and	CCONJ
fsr-3923	351	9	exchange	exchange	PROPN
fsr-3923	351	10	commission	commission	PROPN
fsr-3923	351	11	and	and	CCONJ
fsr-3923	351	12	the	the	DET
fsr-3923	351	13	comptroller	comptroller	NOUN
fsr-3923	351	14	of	of	ADP
fsr-3923	351	15	the	the	DET
fsr-3923	351	16	currency	currency	NOUN
fsr-3923	351	17	found	find	VERB
fsr-3923	351	18	that	that	SCONJ
fsr-3923	351	19	fewer	few	ADJ
fsr-3923	351	20	than	than	ADP
fsr-3923	351	21	one	one	NUM
fsr-3923	351	22	in	in	ADP
fsr-3923	351	23	five	five	NUM
fsr-3923	351	24	mutual	mutual	ADJ
fsr-3923	351	25	fund	fund	NOUN
fsr-3923	351	26	investors	investor	NOUN
fsr-3923	351	27	could	could	AUX
fsr-3923	351	28	give	give	VERB
fsr-3923	351	29	any	any	DET
fsr-3923	351	30	estimate	estimate	NOUN
fsr-3923	351	31	of	of	ADP
fsr-3923	351	32	expenses	expense	NOUN
fsr-3923	351	33	for	for	ADP
fsr-3923	351	34	their	their	PRON
fsr-3923	351	35	largest	large	ADJ
fsr-3923	351	36	mutual	mutual	ADJ
fsr-3923	351	37	fund	fund	NOUN
fsr-3923	351	38	,	,	PUNCT
fsr-3923	351	39	and	and	CCONJ
fsr-3923	351	40	that	that	SCONJ
fsr-3923	351	41	fewer	few	ADJ
fsr-3923	351	42	than	than	ADP
fsr-3923	351	43	one	one	NUM
fsr-3923	351	44	in	in	ADP
fsr-3923	351	45	six	six	NUM
fsr-3923	351	46	fund	fund	NOUN
fsr-3923	351	47	investors	investor	NOUN
fsr-3923	351	48	understood	understand	VERB
fsr-3923	351	49	that	that	SCONJ
fsr-3923	351	50	higher	high	ADJ
fsr-3923	351	51	expenses	expense	NOUN
fsr-3923	351	52	can	can	AUX
fsr-3923	351	53	lead	lead	VERB
fsr-3923	351	54	to	to	ADP
fsr-3923	351	55	lower	low	ADJ
fsr-3923	351	56	investment	investment	NOUN
fsr-3923	351	57	returns	return	NOUN
fsr-3923	351	58	.	.	PUNCT
fsr-3923	352	1	216	216	NUM
fsr-3923	352	2	k.w	k.w	PROPN
fsr-3923	352	3	.	.	PROPN
fsr-3923	352	4	sigrist	sigrist	PROPN
fsr-3923	352	5	,	,	PUNCT
fsr-3923	352	6	s.l	s.l	PROPN
fsr-3923	352	7	.	.	PROPN
fsr-3923	352	8	brown	brown	ADJ
fsr-3923	352	9	/	/	SYM
fsr-3923	352	10	financial	financial	ADJ
fsr-3923	352	11	services	service	NOUN
fsr-3923	352	12	review	review	VERB
fsr-3923	352	13	9	9	NUM
fsr-3923	352	14	(	(	PUNCT
fsr-3923	352	15	2000	2000	NUM
fsr-3923	352	16	)	)	PUNCT
fsr-3923	353	1	197–218	197–218	NUM
fsr-3923	353	2	2	2	NUM
fsr-3923	353	3	.	.	PUNCT
fsr-3923	354	1	a	a	DET
fsr-3923	354	2	full	full	ADJ
fsr-3923	354	3	information	information	NOUN
fsr-3923	354	4	likelihood	likelihood	NOUN
fsr-3923	354	5	technique	technique	NOUN
fsr-3923	354	6	was	be	AUX
fsr-3923	354	7	used	use	VERB
fsr-3923	354	8	to	to	PART
fsr-3923	354	9	estimate	estimate	VERB
fsr-3923	354	10	the	the	DET
fsr-3923	354	11	simultaneous	simultaneous	ADJ
fsr-3923	354	12	equations	equation	NOUN
fsr-3923	354	13	.	.	PUNCT
fsr-3923	355	1	in	in	ADP
fsr-3923	355	2	addition	addition	NOUN
fsr-3923	355	3	,	,	PUNCT
fsr-3923	355	4	standard	standard	ADJ
fsr-3923	355	5	errors	error	NOUN
fsr-3923	355	6	and	and	CCONJ
fsr-3923	355	7	covariances	covariance	NOUN
fsr-3923	355	8	were	be	AUX
fsr-3923	355	9	estimated	estimate	VERB
fsr-3923	355	10	in	in	ADP
fsr-3923	355	11	a	a	DET
fsr-3923	355	12	single	single	ADJ
fsr-3923	355	13	equation	equation	NOUN
fsr-3923	355	14	context	context	NOUN
fsr-3923	355	15	using	use	VERB
fsr-3923	355	16	newey	newey	PROPN
fsr-3923	355	17	-	-	PUNCT
fsr-3923	355	18	west	west	PROPN
fsr-3923	355	19	hac	hac	PROPN
fsr-3923	355	20	and	and	CCONJ
fsr-3923	355	21	white	white	ADJ
fsr-3923	355	22	heteroskedasticity	heteroskedasticity	NOUN
fsr-3923	355	23	-	-	PUNCT
fsr-3923	355	24	consistent	consistent	ADJ
fsr-3923	355	25	technique	technique	NOUN
fsr-3923	355	26	.	.	PUNCT
fsr-3923	356	1	neither	neither	DET
fsr-3923	356	2	technique	technique	NOUN
fsr-3923	356	3	materially	materially	ADV
fsr-3923	356	4	affected	affect	VERB
fsr-3923	356	5	the	the	DET
fsr-3923	356	6	overall	overall	ADJ
fsr-3923	356	7	results	result	NOUN
fsr-3923	356	8	.	.	PUNCT
fsr-3923	357	1	the	the	DET
fsr-3923	357	2	general	general	ADJ
fsr-3923	357	3	results	result	NOUN
fsr-3923	357	4	were	be	AUX
fsr-3923	357	5	also	also	ADV
fsr-3923	357	6	insensitive	insensitive	ADJ
fsr-3923	357	7	to	to	ADP
fsr-3923	357	8	excluding	exclude	VERB
fsr-3923	357	9	the	the	DET
fsr-3923	357	10	smallest	small	ADJ
fsr-3923	357	11	and	and	CCONJ
fsr-3923	357	12	largest	large	ADJ
fsr-3923	357	13	10	10	NUM
fsr-3923	357	14	%	%	NOUN
fsr-3923	357	15	of	of	ADP
fsr-3923	357	16	the	the	DET
fsr-3923	357	17	retail	retail	ADJ
fsr-3923	357	18	or	or	CCONJ
fsr-3923	357	19	institutional	institutional	ADJ
fsr-3923	357	20	mutual	mutual	ADJ
fsr-3923	357	21	fund	fund	NOUN
fsr-3923	357	22	sample	sample	NOUN
fsr-3923	357	23	.	.	PUNCT
fsr-3923	358	1	results	result	NOUN
fsr-3923	358	2	were	be	AUX
fsr-3923	358	3	generally	generally	ADV
fsr-3923	358	4	insensitive	insensitive	ADJ
fsr-3923	358	5	to	to	ADP
fsr-3923	358	6	approaches	approach	NOUN
fsr-3923	358	7	using	use	VERB
fsr-3923	358	8	morningstar	morningstar	PROPN
fsr-3923	358	9	’s	’s	PART
fsr-3923	358	10	equity	equity	NOUN
fsr-3923	358	11	style	style	NOUN
fsr-3923	358	12	categories	category	NOUN
fsr-3923	358	13	to	to	PART
fsr-3923	358	14	segregate	segregate	VERB
fsr-3923	358	15	the	the	DET
fsr-3923	358	16	sample	sample	NOUN
fsr-3923	358	17	or	or	CCONJ
fsr-3923	358	18	develop	develop	VERB
fsr-3923	358	19	exogenous	exogenous	ADJ
fsr-3923	358	20	variables	variable	NOUN
fsr-3923	358	21	.	.	PUNCT
fsr-3923	359	1	regressions	regression	NOUN
fsr-3923	359	2	were	be	AUX
fsr-3923	359	3	also	also	ADV
fsr-3923	359	4	performed	perform	VERB
fsr-3923	359	5	on	on	ADP
fsr-3923	359	6	subsets	subset	NOUN
fsr-3923	359	7	of	of	ADP
fsr-3923	359	8	the	the	DET
fsr-3923	359	9	mutual	mutual	ADJ
fsr-3923	359	10	fund	fund	NOUN
fsr-3923	359	11	universe	universe	NOUN
fsr-3923	359	12	using	use	VERB
fsr-3923	359	13	simple	simple	ADJ
fsr-3923	359	14	one	one	NUM
fsr-3923	359	15	variable	variable	ADJ
fsr-3923	359	16	equations	equation	NOUN
fsr-3923	359	17	in	in	ADP
fsr-3923	359	18	order	order	NOUN
fsr-3923	359	19	to	to	PART
fsr-3923	359	20	determine	determine	VERB
fsr-3923	359	21	whether	whether	SCONJ
fsr-3923	359	22	scale	scale	NOUN
fsr-3923	359	23	economies	economy	NOUN
fsr-3923	359	24	might	might	AUX
fsr-3923	359	25	differ	differ	VERB
fsr-3923	359	26	for	for	ADP
fsr-3923	359	27	large	large	ADJ
fsr-3923	359	28	-	-	PUNCT
fsr-3923	359	29	cap	cap	NOUN
fsr-3923	359	30	mutual	mutual	ADJ
fsr-3923	359	31	funds	fund	NOUN
fsr-3923	359	32	,	,	PUNCT
fsr-3923	359	33	midcap	midcap	NOUN
fsr-3923	359	34	mutual	mutual	ADJ
fsr-3923	359	35	funds	fund	NOUN
fsr-3923	359	36	and	and	CCONJ
fsr-3923	359	37	small	small	ADJ
fsr-3923	359	38	-	-	PUNCT
fsr-3923	359	39	cap	cap	NOUN
fsr-3923	359	40	mutual	mutual	ADJ
fsr-3923	359	41	funds	fund	NOUN
fsr-3923	359	42	.	.	PUNCT
fsr-3923	360	1	results	result	NOUN
fsr-3923	360	2	for	for	ADP
fsr-3923	360	3	administrative	administrative	ADJ
fsr-3923	360	4	expenses	expense	NOUN
fsr-3923	360	5	for	for	ADP
fsr-3923	360	6	retail	retail	ADJ
fsr-3923	360	7	mutual	mutual	ADJ
fsr-3923	360	8	funds	fund	NOUN
fsr-3923	360	9	are	be	AUX
fsr-3923	360	10	generally	generally	ADV
fsr-3923	360	11	consistent	consistent	ADJ
fsr-3923	360	12	with	with	ADP
fsr-3923	360	13	those	those	PRON
fsr-3923	360	14	from	from	ADP
fsr-3923	360	15	the	the	DET
fsr-3923	360	16	systems	system	NOUN
fsr-3923	360	17	approach	approach	NOUN
fsr-3923	360	18	presented	present	VERB
fsr-3923	360	19	in	in	ADP
fsr-3923	360	20	table	table	NOUN
fsr-3923	360	21	4	4	NUM
fsr-3923	360	22	.	.	PUNCT
fsr-3923	361	1	however	however	ADV
fsr-3923	361	2	,	,	PUNCT
fsr-3923	361	3	investment	investment	NOUN
fsr-3923	361	4	advisory	advisory	NOUN
fsr-3923	361	5	expenses	expense	NOUN
fsr-3923	361	6	appear	appear	VERB
fsr-3923	361	7	to	to	PART
fsr-3923	361	8	differ	differ	VERB
fsr-3923	361	9	materially	materially	ADV
fsr-3923	361	10	for	for	ADP
fsr-3923	361	11	the	the	DET
fsr-3923	361	12	midcap	midcap	NOUN
fsr-3923	361	13	mutual	mutual	ADJ
fsr-3923	361	14	funds	fund	NOUN
fsr-3923	361	15	(	(	PUNCT
fsr-3923	361	16	no	no	DET
fsr-3923	361	17	economies	economy	NOUN
fsr-3923	361	18	of	of	ADP
fsr-3923	361	19	scale	scale	NOUN
fsr-3923	361	20	)	)	PUNCT
fsr-3923	361	21	and	and	CCONJ
fsr-3923	361	22	small	small	ADJ
fsr-3923	361	23	-	-	PUNCT
fsr-3923	361	24	cap	cap	NOUN
fsr-3923	361	25	mutual	mutual	ADJ
fsr-3923	361	26	funds	fund	NOUN
fsr-3923	361	27	(	(	PUNCT
fsr-3923	361	28	economies	economy	NOUN
fsr-3923	361	29	of	of	ADP
fsr-3923	361	30	scale	scale	NOUN
fsr-3923	361	31	comparable	comparable	ADJ
fsr-3923	361	32	to	to	ADP
fsr-3923	361	33	administrative	administrative	ADJ
fsr-3923	361	34	expense	expense	NOUN
fsr-3923	361	35	)	)	PUNCT
fsr-3923	361	36	relative	relative	ADJ
fsr-3923	361	37	to	to	ADP
fsr-3923	361	38	results	result	NOUN
fsr-3923	361	39	in	in	ADP
fsr-3923	361	40	table	table	NOUN
fsr-3923	361	41	4	4	NUM
fsr-3923	361	42	.	.	PUNCT
fsr-3923	362	1	nonetheless	nonetheless	ADV
fsr-3923	362	2	,	,	PUNCT
fsr-3923	362	3	at	at	ADP
fsr-3923	362	4	$	$	SYM
fsr-3923	362	5	500	500	NUM
fsr-3923	362	6	million	million	NUM
fsr-3923	362	7	of	of	ADP
fsr-3923	362	8	assets	asset	NOUN
fsr-3923	362	9	under	under	ADP
fsr-3923	362	10	management	management	NOUN
fsr-3923	362	11	the	the	DET
fsr-3923	362	12	small	small	ADJ
fsr-3923	362	13	-	-	PUNCT
fsr-3923	362	14	cap	cap	NOUN
fsr-3923	362	15	mutual	mutual	ADJ
fsr-3923	362	16	fund	fund	NOUN
fsr-3923	362	17	coefficients	coefficient	NOUN
fsr-3923	362	18	in	in	ADP
fsr-3923	362	19	table	table	NOUN
fsr-3923	362	20	4	4	NUM
fsr-3923	362	21	predict	predict	VERB
fsr-3923	362	22	an	an	DET
fsr-3923	362	23	investment	investment	NOUN
fsr-3923	362	24	advisory	advisory	ADJ
fsr-3923	362	25	fee	fee	NOUN
fsr-3923	362	26	of	of	ADP
fsr-3923	362	27	80	80	NUM
fsr-3923	362	28	basis	basis	NOUN
fsr-3923	362	29	points	point	NOUN
fsr-3923	362	30	versus	versus	ADP
fsr-3923	362	31	the	the	DET
fsr-3923	362	32	76	76	NUM
fsr-3923	362	33	basis	basis	NOUN
fsr-3923	362	34	points	point	NOUN
fsr-3923	362	35	predicted	predict	VERB
fsr-3923	362	36	by	by	ADP
fsr-3923	362	37	the	the	DET
fsr-3923	362	38	single	single	ADJ
fsr-3923	362	39	equation	equation	NOUN
fsr-3923	362	40	coefficients	coefficient	NOUN
fsr-3923	362	41	.	.	PUNCT
fsr-3923	363	1	the	the	DET
fsr-3923	363	2	predicted	predict	VERB
fsr-3923	363	3	results	result	NOUN
fsr-3923	363	4	for	for	ADP
fsr-3923	363	5	midcap	midcap	NOUN
fsr-3923	363	6	funds	fund	NOUN
fsr-3923	363	7	are	be	AUX
fsr-3923	363	8	similarly	similarly	ADV
fsr-3923	363	9	close	close	ADJ
fsr-3923	363	10	.	.	PUNCT
fsr-3923	364	1	references	reference	NOUN
fsr-3923	364	2	barber	barber	PROPN
fsr-3923	364	3	,	,	PUNCT
fsr-3923	364	4	b.	b.	PROPN
fsr-3923	364	5	m.	m.	PROPN
fsr-3923	364	6	,	,	PUNCT
fsr-3923	364	7	&	&	CCONJ
fsr-3923	364	8	odean	odean	ADJ
fsr-3923	364	9	,	,	PUNCT
fsr-3923	364	10	t.	t.	PROPN
fsr-3923	364	11	(	(	PUNCT
fsr-3923	364	12	1999	1999	NUM
fsr-3923	364	13	)	)	PUNCT
fsr-3923	364	14	.	.	PUNCT
fsr-3923	365	1	the	the	DET
fsr-3923	365	2	courage	courage	NOUN
fsr-3923	365	3	of	of	ADP
fsr-3923	365	4	misguided	misguided	ADJ
fsr-3923	365	5	convictions.financial	convictions.financial	ADJ
fsr-3923	365	6	analysts	analyst	NOUN
fsr-3923	365	7	journal	journal	NOUN
fsr-3923	365	8	,	,	PUNCT
fsr-3923	365	9	55(6	55(6	NUM
fsr-3923	365	10	)	)	PUNCT
fsr-3923	365	11	,	,	PUNCT
fsr-3923	365	12	41–55	41–55	NOUN
fsr-3923	365	13	.	.	PUNCT
fsr-3923	366	1	barra	barra	PROPN
fsr-3923	366	2	rogers	rogers	PROPN
fsr-3923	366	3	casey	casey	PROPN
fsr-3923	366	4	/	/	SYM
fsr-3923	366	5	ioma	ioma	NOUN
fsr-3923	366	6	.	.	PUNCT
fsr-3923	367	1	(	(	PUNCT
fsr-3923	367	2	1999).1999	1999).1999	NOUN
fsr-3923	367	3	annual	annual	ADJ
fsr-3923	367	4	defined	define	VERB
fsr-3923	367	5	contribution	contribution	NOUN
fsr-3923	367	6	survey.darien	survey.darien	PROPN
fsr-3923	367	7	,	,	PUNCT
fsr-3923	367	8	ct	ct	PROPN
fsr-3923	367	9	.	.	PUNCT
fsr-3923	367	10	benartzi	benartzi	PROPN
fsr-3923	367	11	,	,	PUNCT
fsr-3923	367	12	s.	s.	PROPN
fsr-3923	367	13	(	(	PUNCT
fsr-3923	367	14	2001	2001	NUM
fsr-3923	367	15	)	)	PUNCT
fsr-3923	367	16	.	.	PUNCT
fsr-3923	368	1	excessive	excessive	ADJ
fsr-3923	368	2	extrapolation	extrapolation	NOUN
fsr-3923	368	3	and	and	CCONJ
fsr-3923	368	4	the	the	DET
fsr-3923	368	5	allocation	allocation	NOUN
fsr-3923	368	6	of	of	ADP
fsr-3923	368	7	401(k	401(k	PROPN
fsr-3923	368	8	)	)	PUNCT
fsr-3923	368	9	accounts	account	NOUN
fsr-3923	368	10	to	to	ADP
fsr-3923	368	11	company	company	NOUN
fsr-3923	368	12	stock	stock	NOUN
fsr-3923	368	13	,	,	PUNCT
fsr-3923	368	14	forthcoming;the	forthcoming;the	DET
fsr-3923	368	15	journal	journal	NOUN
fsr-3923	368	16	of	of	ADP
fsr-3923	368	17	finance	finance	PROPN
fsr-3923	368	18	.	.	PUNCT
fsr-3923	369	1	benartzi	benartzi	PROPN
fsr-3923	369	2	,	,	PUNCT
fsr-3923	369	3	s.	s.	PROPN
fsr-3923	369	4	,	,	PUNCT
fsr-3923	369	5	&	&	CCONJ
fsr-3923	369	6	thaler	thaler	PROPN
fsr-3923	369	7	,	,	PUNCT
fsr-3923	369	8	r.	r.	PROPN
fsr-3923	369	9	h.	h.	PROPN
fsr-3923	369	10	(	(	PUNCT
fsr-3923	369	11	2001	2001	NUM
fsr-3923	369	12	)	)	PUNCT
fsr-3923	369	13	.	.	PUNCT
fsr-3923	370	1	naı¨ve	naı¨ve	NOUN
fsr-3923	370	2	diversification	diversification	NOUN
fsr-3923	370	3	strategies	strategy	NOUN
fsr-3923	370	4	in	in	ADP
fsr-3923	370	5	defined	define	VERB
fsr-3923	370	6	contribution	contribution	NOUN
fsr-3923	370	7	savings	saving	NOUN
fsr-3923	370	8	plans	plan	NOUN
fsr-3923	370	9	,	,	PUNCT
fsr-3923	370	10	forthcoming;american	forthcoming;american	ADJ
fsr-3923	370	11	economic	economic	ADJ
fsr-3923	370	12	review	review	NOUN
fsr-3923	370	13	.	.	PUNCT
fsr-3923	371	1	boudoukh	boudoukh	PROPN
fsr-3923	371	2	,	,	PUNCT
fsr-3923	371	3	j.	j.	PROPN
fsr-3923	371	4	,	,	PUNCT
fsr-3923	371	5	&	&	CCONJ
fsr-3923	371	6	richardson	richardson	PROPN
fsr-3923	371	7	,	,	PUNCT
fsr-3923	371	8	m.	m.	NOUN
fsr-3923	371	9	(	(	PUNCT
fsr-3923	371	10	1993	1993	NUM
fsr-3923	371	11	)	)	PUNCT
fsr-3923	371	12	.	.	PUNCT
fsr-3923	372	1	stock	stock	NOUN
fsr-3923	372	2	returns	return	NOUN
fsr-3923	372	3	and	and	CCONJ
fsr-3923	372	4	inflation	inflation	NOUN
fsr-3923	372	5	:	:	PUNCT
fsr-3923	372	6	a	a	DET
fsr-3923	372	7	long	long	ADJ
fsr-3923	372	8	-	-	PUNCT
fsr-3923	372	9	horizon	horizon	NOUN
fsr-3923	372	10	perspective.american	perspective.american	NUM
fsr-3923	372	11	economic	economic	ADJ
fsr-3923	372	12	review	review	NOUN
fsr-3923	372	13	,	,	PUNCT
fsr-3923	372	14	83(5	83(5	NUM
fsr-3923	372	15	)	)	PUNCT
fsr-3923	372	16	,	,	PUNCT
fsr-3923	372	17	1346–1355	1346–1355	NUM
fsr-3923	372	18	.	.	PUNCT
fsr-3923	373	1	carhart	carhart	NOUN
fsr-3923	373	2	,	,	PUNCT
fsr-3923	373	3	m.	m.	NOUN
fsr-3923	373	4	m.	m.	NOUN
fsr-3923	373	5	(	(	PUNCT
fsr-3923	373	6	1997	1997	NUM
fsr-3923	373	7	)	)	PUNCT
fsr-3923	373	8	.	.	PUNCT
fsr-3923	374	1	on	on	ADP
fsr-3923	374	2	persistence	persistence	NOUN
fsr-3923	374	3	in	in	ADP
fsr-3923	374	4	mutual	mutual	ADJ
fsr-3923	374	5	fund	fund	NOUN
fsr-3923	374	6	performance.the	performance.the	DET
fsr-3923	374	7	journal	journal	NOUN
fsr-3923	374	8	of	of	ADP
fsr-3923	374	9	finance	finance	NOUN
fsr-3923	374	10	,	,	PUNCT
fsr-3923	374	11	52(1	52(1	NOUN
fsr-3923	374	12	)	)	PUNCT
fsr-3923	374	13	,	,	PUNCT
fsr-3923	374	14	57–82	57–82	NUM
fsr-3923	374	15	.	.	PUNCT
fsr-3923	374	16	chambers	chamber	NOUN
fsr-3923	374	17	,	,	PUNCT
fsr-3923	374	18	j.	j.	PROPN
fsr-3923	374	19	c.	c.	PROPN
fsr-3923	374	20	(	(	PUNCT
fsr-3923	374	21	1999	1999	NUM
fsr-3923	374	22	)	)	PUNCT
fsr-3923	374	23	.	.	PUNCT
fsr-3923	375	1	investment	investment	NOUN
fsr-3923	375	2	policy	policy	NOUN
fsr-3923	375	3	statements	statement	NOUN
fsr-3923	375	4	for	for	ADP
fsr-3923	375	5	defined	define	VERB
fsr-3923	375	6	contribution	contribution	NOUN
fsr-3923	375	7	plans.journal	plans.journal	ADJ
fsr-3923	375	8	of	of	ADP
fsr-3923	375	9	pension	pension	NOUN
fsr-3923	375	10	benefits	benefit	NOUN
fsr-3923	375	11	,	,	PUNCT
fsr-3923	375	12	7(1	7(1	NUM
fsr-3923	375	13	)	)	PUNCT
fsr-3923	375	14	,	,	PUNCT
fsr-3923	375	15	29–33	29–33	NUM
fsr-3923	375	16	.	.	PUNCT
fsr-3923	376	1	ennisknupp	ennisknupp	PROPN
fsr-3923	376	2	.	.	PUNCT
fsr-3923	377	1	(	(	PUNCT
fsr-3923	377	2	1999).survey	1999).survey	NUM
fsr-3923	377	3	of	of	ADP
fsr-3923	377	4	corporate	corporate	ADJ
fsr-3923	377	5	plan	plan	NOUN
fsr-3923	377	6	sponsors	sponsor	NOUN
fsr-3923	377	7	,	,	PUNCT
fsr-3923	377	8	chicago	chicago	PROPN
fsr-3923	377	9	,	,	PUNCT
fsr-3923	377	10	il	il	PROPN
fsr-3923	377	11	.	.	PROPN
fsr-3923	377	12	employee	employee	PROPN
fsr-3923	377	13	retirement	retirement	PROPN
fsr-3923	377	14	income	income	PROPN
fsr-3923	377	15	security	security	PROPN
fsr-3923	377	16	act	act	NOUN
fsr-3923	377	17	(	(	PUNCT
fsr-3923	377	18	“	"	PUNCT
fsr-3923	377	19	erisa	erisa	NOUN
fsr-3923	377	20	”	"	PUNCT
fsr-3923	377	21	)	)	PUNCT
fsr-3923	377	22	of	of	ADP
fsr-3923	377	23	.	.	PUNCT
fsr-3923	378	1	(	(	PUNCT
fsr-3923	378	2	1974	1974	NUM
fsr-3923	378	3	)	)	PUNCT
fsr-3923	378	4	.	.	PUNCT
fsr-3923	379	1	sec	sec	PROPN
fsr-3923	379	2	.	.	PROPN
fsr-3923	379	3	2(a	2(a	NUM
fsr-3923	379	4	)	)	PUNCT
fsr-3923	379	5	,	,	PUNCT
fsr-3923	379	6	pub	pub	NOUN
fsr-3923	379	7	.	.	PUNCT
fsr-3923	380	1	l.	l.	PROPN
fsr-3923	380	2	no	no	INTJ
fsr-3923	380	3	.	.	PUNCT
fsr-3923	381	1	93–406,88	93–406,88	NOUN
fsr-3923	381	2	stat	stat	NOUN
fsr-3923	381	3	.	.	PUNCT
fsr-3923	382	1	829	829	NUM
fsr-3923	382	2	(	(	PUNCT
fsr-3923	382	3	1974	1974	NUM
fsr-3923	382	4	)	)	PUNCT
fsr-3923	382	5	(	(	PUNCT
fsr-3923	382	6	codified	codify	VERB
fsr-3923	382	7	at	at	ADP
fsr-3923	382	8	29	29	NUM
fsr-3923	382	9	u.s.c	u.s.c	ADJ
fsr-3923	382	10	.	.	PUNCT
fsr-3923	383	1	ch	ch	NOUN
fsr-3923	383	2	.	.	PROPN
fsr-3923	383	3	18	18	NUM
fsr-3923	383	4	)	)	PUNCT
fsr-3923	383	5	,	,	PUNCT
fsr-3923	383	6	29	29	NUM
fsr-3923	383	7	u.s.c	u.s.c	NOUN
fsr-3923	383	8	.	.	PUNCT
fsr-3923	384	1	sec	sec	PROPN
fsr-3923	384	2	.	.	PROPN
fsr-3923	384	3	1001(a	1001(a	NOUN
fsr-3923	384	4	)	)	PUNCT
fsr-3923	385	1	(	(	PUNCT
fsr-3923	385	2	1994	1994	NUM
fsr-3923	385	3	)	)	PUNCT
fsr-3923	385	4	.	.	PUNCT
fsr-3923	386	1	fidelity	fidelity	PROPN
fsr-3923	386	2	institutional	institutional	PROPN
fsr-3923	386	3	retirement	retirement	PROPN
fsr-3923	386	4	services	service	NOUN
fsr-3923	386	5	company	company	NOUN
fsr-3923	386	6	.	.	PUNCT
fsr-3923	387	1	(	(	PUNCT
fsr-3923	387	2	1999).building	1999).building	NUM
fsr-3923	387	3	futures	future	NOUN
fsr-3923	387	4	:	:	PUNCT
fsr-3923	387	5	how	how	SCONJ
fsr-3923	387	6	american	american	ADJ
fsr-3923	387	7	companies	company	NOUN
fsr-3923	387	8	are	be	AUX
fsr-3923	387	9	helping	help	VERB
fsr-3923	387	10	their	their	PRON
fsr-3923	387	11	employees	employee	NOUN
fsr-3923	387	12	retire	retire	VERB
fsr-3923	387	13	,	,	PUNCT
fsr-3923	387	14	a	a	DET
fsr-3923	387	15	report	report	NOUN
fsr-3923	387	16	on	on	ADP
fsr-3923	387	17	corporate	corporate	ADJ
fsr-3923	387	18	defined	define	VERB
fsr-3923	387	19	contribution	contribution	NOUN
fsr-3923	387	20	plans.boston	plans.boston	PROPN
fsr-3923	387	21	,	,	PUNCT
fsr-3923	387	22	ma	ma	PROPN
fsr-3923	387	23	.	.	PROPN
fsr-3923	387	24	freeman	freeman	PROPN
fsr-3923	387	25	,	,	PUNCT
fsr-3923	387	26	j.	j.	PROPN
fsr-3923	387	27	,	,	PUNCT
fsr-3923	387	28	&	&	CCONJ
fsr-3923	387	29	brown	brown	PROPN
fsr-3923	387	30	,	,	PUNCT
fsr-3923	387	31	s.	s.	PROPN
fsr-3923	387	32	l.	l.	PROPN
fsr-3923	387	33	(	(	PUNCT
fsr-3923	387	34	2001	2001	NUM
fsr-3923	387	35	)	)	PUNCT
fsr-3923	387	36	.	.	PUNCT
fsr-3923	388	1	mutual	mutual	ADJ
fsr-3923	388	2	fund	fund	NOUN
fsr-3923	388	3	advisory	advisory	ADJ
fsr-3923	388	4	fees	fee	NOUN
fsr-3923	388	5	:	:	PUNCT
fsr-3923	388	6	the	the	DET
fsr-3923	388	7	cost	cost	NOUN
fsr-3923	388	8	of	of	ADP
fsr-3923	388	9	conflicts	conflict	NOUN
fsr-3923	388	10	of	of	ADP
fsr-3923	388	11	interest.journal	interest.journal	ADJ
fsr-3923	388	12	of	of	ADP
fsr-3923	388	13	corporation	corporation	NOUN
fsr-3923	388	14	law	law	NOUN
fsr-3923	388	15	,	,	PUNCT
fsr-3923	388	16	forthcoming	forthcoming	ADJ
fsr-3923	388	17	,	,	PUNCT
fsr-3923	388	18	25	25	NUM
fsr-3923	388	19	(	(	PUNCT
fsr-3923	388	20	3	3	NUM
fsr-3923	388	21	)	)	PUNCT
fsr-3923	388	22	.	.	PUNCT
fsr-3923	389	1	garla	garla	PROPN
fsr-3923	389	2	,	,	PUNCT
fsr-3923	389	3	b.	b.	PROPN
fsr-3923	389	4	e.	e.	PROPN
fsr-3923	389	5	(	(	PUNCT
fsr-3923	389	6	1998	1998	NUM
fsr-3923	389	7	)	)	PUNCT
fsr-3923	389	8	.	.	PUNCT
fsr-3923	389	9	,	,	PUNCT
fsr-3923	389	10	investments	investment	NOUN
fsr-3923	389	11	of	of	ADP
fsr-3923	389	12	governmental	governmental	ADJ
fsr-3923	389	13	plans	plan	NOUN
fsr-3923	389	14	of	of	ADP
fsr-3923	389	15	states	state	NOUN
fsr-3923	389	16	and	and	CCONJ
fsr-3923	389	17	their	their	PRON
fsr-3923	389	18	political	political	ADJ
fsr-3923	389	19	subdivisions	subdivision	NOUN
fsr-3923	389	20	.	.	PUNCT
fsr-3923	390	1	415	415	NUM
fsr-3923	390	2	pli	pli	PROPN
fsr-3923	390	3	/	/	SYM
fsr-3923	390	4	tax	tax	NOUN
fsr-3923	390	5	391,practicing	391,practicing	NUM
fsr-3923	390	6	law	law	NOUN
fsr-3923	390	7	institute	institute	NOUN
fsr-3923	390	8	.	.	PUNCT
fsr-3923	391	1	garthwaite	garthwaite	PROPN
fsr-3923	391	2	,	,	PUNCT
fsr-3923	391	3	c.	c.	PROPN
fsr-3923	391	4	(	(	PUNCT
fsr-3923	391	5	1999	1999	NUM
fsr-3923	391	6	)	)	PUNCT
fsr-3923	391	7	.	.	PUNCT
fsr-3923	392	1	playing	play	VERB
fsr-3923	392	2	politics	politic	NOUN
fsr-3923	392	3	with	with	ADP
fsr-3923	392	4	retirement	retirement	NOUN
fsr-3923	392	5	accounts.american	accounts.american	NUM
fsr-3923	392	6	legislative	legislative	ADJ
fsr-3923	392	7	exchange	exchange	NOUN
fsr-3923	392	8	council	council	PROPN
fsr-3923	392	9	issue	issue	NOUN
fsr-3923	392	10	analysis	analysis	NOUN
fsr-3923	392	11	.	.	PUNCT
fsr-3923	393	1	ibbotson	ibbotson	PROPN
fsr-3923	393	2	,	,	PUNCT
fsr-3923	393	3	r.	r.	PROPN
fsr-3923	393	4	g.	g.	PROPN
fsr-3923	393	5	,	,	PUNCT
fsr-3923	393	6	&	&	CCONJ
fsr-3923	393	7	kaplan	kaplan	PROPN
fsr-3923	393	8	,	,	PUNCT
fsr-3923	393	9	p.	p.	PROPN
fsr-3923	393	10	d.	d.	PROPN
fsr-3923	393	11	(	(	PUNCT
fsr-3923	393	12	2000	2000	NUM
fsr-3923	393	13	)	)	PUNCT
fsr-3923	393	14	.	.	PUNCT
fsr-3923	394	1	does	do	AUX
fsr-3923	394	2	asset	asset	NOUN
fsr-3923	394	3	allocation	allocation	NOUN
fsr-3923	394	4	policy	policy	NOUN
fsr-3923	394	5	explain	explain	VERB
fsr-3923	394	6	40	40	NUM
fsr-3923	394	7	,	,	PUNCT
fsr-3923	394	8	90	90	NUM
fsr-3923	394	9	,	,	PUNCT
fsr-3923	394	10	or	or	CCONJ
fsr-3923	394	11	100	100	NUM
fsr-3923	394	12	percent	percent	NOUN
fsr-3923	394	13	of	of	ADP
fsr-3923	394	14	performance?financial	performance?financial	ADJ
fsr-3923	394	15	analysts	analyst	NOUN
fsr-3923	394	16	journal,56(1	journal,56(1	PROPN
fsr-3923	394	17	)	)	PUNCT
fsr-3923	394	18	,	,	PUNCT
fsr-3923	394	19	26–33	26–33	NUM
fsr-3923	394	20	.	.	PUNCT
fsr-3923	395	1	jacobius	jacobius	PROPN
fsr-3923	395	2	,	,	PUNCT
fsr-3923	395	3	a.	a.	NOUN
fsr-3923	395	4	(	(	PUNCT
fsr-3923	395	5	2000	2000	NUM
fsr-3923	395	6	)	)	PUNCT
fsr-3923	395	7	.	.	PUNCT
fsr-3923	396	1	nea	nea	PROPN
fsr-3923	396	2	403(b	403(b	PROPN
fsr-3923	396	3	)	)	PUNCT
fsr-3923	396	4	endorsement	endorsement	NOUN
fsr-3923	396	5	shifting	shift	VERB
fsr-3923	396	6	to	to	ADP
fsr-3923	396	7	security	security	NOUN
fsr-3923	396	8	benefit	benefit	NOUN
fsr-3923	396	9	as	as	ADP
fsr-3923	396	10	nationwide	nationwide	ADJ
fsr-3923	396	11	exits	exit	VERB
fsr-3923	396	12	market.pensions	market.pension	NOUN
fsr-3923	396	13	and	and	CCONJ
fsr-3923	396	14	investments	investment	NOUN
fsr-3923	396	15	,	,	PUNCT
fsr-3923	396	16	28(21	28(21	NOUN
fsr-3923	396	17	)	)	PUNCT
fsr-3923	396	18	,	,	PUNCT
fsr-3923	396	19	44–45	44–45	NOUN
fsr-3923	396	20	.	.	PUNCT
fsr-3923	397	1	217k.w	217k.w	PROPN
fsr-3923	397	2	.	.	PUNCT
fsr-3923	398	1	sigrist	sigrist	PROPN
fsr-3923	398	2	,	,	PUNCT
fsr-3923	398	3	s.l	s.l	PROPN
fsr-3923	398	4	.	.	PROPN
fsr-3923	398	5	brown	brown	ADJ
fsr-3923	398	6	/	/	SYM
fsr-3923	398	7	financial	financial	ADJ
fsr-3923	398	8	services	service	NOUN
fsr-3923	398	9	review	review	VERB
fsr-3923	398	10	9	9	NUM
fsr-3923	398	11	(	(	PUNCT
fsr-3923	398	12	2000	2000	NUM
fsr-3923	398	13	)	)	PUNCT
fsr-3923	399	1	197–218	197–218	NUM
fsr-3923	399	2	john	john	PROPN
fsr-3923	399	3	hancock	hancock	PROPN
fsr-3923	399	4	financial	financial	PROPN
fsr-3923	399	5	services	services	PROPN
fsr-3923	399	6	.	.	PUNCT
fsr-3923	400	1	(	(	PUNCT
fsr-3923	400	2	1999	1999	NUM
fsr-3923	400	3	)	)	PUNCT
fsr-3923	400	4	.	.	PUNCT
fsr-3923	401	1	insight	insight	NOUN
fsr-3923	401	2	into	into	ADP
fsr-3923	401	3	participant	participant	ADJ
fsr-3923	401	4	investment	investment	NOUN
fsr-3923	401	5	knowledge	knowledge	NOUN
fsr-3923	401	6	and	and	CCONJ
fsr-3923	401	7	behavior	behavior	NOUN
fsr-3923	401	8	,	,	PUNCT
fsr-3923	401	9	sixth	sixth	ADV
fsr-3923	401	10	defined	define	VERB
fsr-3923	401	11	contribution	contribution	NOUN
fsr-3923	401	12	plan	plan	NOUN
fsr-3923	401	13	survey	survey	NOUN
fsr-3923	401	14	.	.	PUNCT
fsr-3923	402	1	boston	boston	PROPN
fsr-3923	402	2	,	,	PUNCT
fsr-3923	402	3	ma	ma	PROPN
fsr-3923	402	4	.	.	PROPN
fsr-3923	402	5	kahn	kahn	PROPN
fsr-3923	402	6	,	,	PUNCT
fsr-3923	402	7	r.	r.	PROPN
fsr-3923	402	8	n.	n.	PROPN
fsr-3923	402	9	,	,	PUNCT
fsr-3923	402	10	&	&	CCONJ
fsr-3923	402	11	rudd	rudd	PROPN
fsr-3923	402	12	,	,	PUNCT
fsr-3923	402	13	a.	a.	NOUN
fsr-3923	402	14	(	(	PUNCT
fsr-3923	402	15	1995	1995	NUM
fsr-3923	402	16	)	)	PUNCT
fsr-3923	402	17	.	.	PUNCT
fsr-3923	403	1	does	do	AUX
fsr-3923	403	2	historical	historical	ADJ
fsr-3923	403	3	performance	performance	NOUN
fsr-3923	403	4	predict	predict	VERB
fsr-3923	403	5	future	future	ADJ
fsr-3923	403	6	performance.financial	performance.financial	ADJ
fsr-3923	403	7	analysts	analyst	NOUN
fsr-3923	403	8	journal	journal	NOUN
fsr-3923	403	9	,	,	PUNCT
fsr-3923	403	10	51(6	51(6	NOUN
fsr-3923	403	11	)	)	PUNCT
fsr-3923	403	12	,	,	PUNCT
fsr-3923	403	13	43–52	43–52	NUM
fsr-3923	403	14	.	.	PUNCT
fsr-3923	404	1	kpmg	kpmg	PROPN
fsr-3923	404	2	peat	peat	PROPN
fsr-3923	404	3	marwick	marwick	PROPN
fsr-3923	404	4	llp	llp	PROPN
fsr-3923	404	5	.	.	PUNCT
fsr-3923	405	1	(	(	PUNCT
fsr-3923	405	2	1998).retirement	1998).retirement	NUM
fsr-3923	405	3	benefits	benefit	NOUN
fsr-3923	405	4	in	in	ADP
fsr-3923	405	5	the	the	DET
fsr-3923	405	6	1990s	1990s	NUM
fsr-3923	405	7	:	:	PUNCT
fsr-3923	405	8	1998	1998	NUM
fsr-3923	405	9	survey	survey	PROPN
fsr-3923	405	10	data.new	data.new	PROPN
fsr-3923	405	11	york	york	PROPN
fsr-3923	405	12	,	,	PUNCT
fsr-3923	405	13	ny	ny	PROPN
fsr-3923	405	14	.	.	PROPN
fsr-3923	406	1	kpmg	kpmg	PROPN
fsr-3923	406	2	.	.	PUNCT
fsr-3923	407	1	malkiel	malkiel	PROPN
fsr-3923	407	2	,	,	PUNCT
fsr-3923	407	3	b.	b.	PROPN
fsr-3923	407	4	g.	g.	PROPN
fsr-3923	407	5	(	(	PUNCT
fsr-3923	407	6	1995	1995	NUM
fsr-3923	407	7	)	)	PUNCT
fsr-3923	407	8	.	.	PUNCT
fsr-3923	408	1	returns	return	NOUN
fsr-3923	408	2	from	from	ADP
fsr-3923	408	3	investing	invest	VERB
fsr-3923	408	4	in	in	ADP
fsr-3923	408	5	equity	equity	NOUN
fsr-3923	408	6	mutual	mutual	ADJ
fsr-3923	408	7	funds	fund	NOUN
fsr-3923	408	8	1971	1971	NUM
fsr-3923	408	9	to	to	ADP
fsr-3923	408	10	1991.the	1991.the	DET
fsr-3923	408	11	journal	journal	NOUN
fsr-3923	408	12	of	of	ADP
fsr-3923	408	13	finance	finance	NOUN
fsr-3923	408	14	,	,	PUNCT
fsr-3923	408	15	50(2	50(2	NUM
fsr-3923	408	16	)	)	PUNCT
fsr-3923	408	17	,	,	PUNCT
fsr-3923	408	18	549–572	549–572	NUM
fsr-3923	408	19	.	.	PUNCT
fsr-3923	408	20	morgan	morgan	PROPN
fsr-3923	408	21	stanley	stanley	PROPN
fsr-3923	408	22	dean	dean	PROPN
fsr-3923	408	23	witter	witter	PROPN
fsr-3923	408	24	investment	investment	PROPN
fsr-3923	408	25	management	management	NOUN
fsr-3923	408	26	defined	define	VERB
fsr-3923	408	27	contribution	contribution	NOUN
fsr-3923	408	28	services	service	NOUN
fsr-3923	408	29	.	.	PUNCT
fsr-3923	409	1	(	(	PUNCT
fsr-3923	409	2	1999).1999	1999).1999	NUM
fsr-3923	409	3	survey	survey	NOUN
fsr-3923	409	4	of	of	ADP
fsr-3923	409	5	the	the	DET
fsr-3923	409	6	410(k	410(k	PROPN
fsr-3923	409	7	)	)	PUNCT
fsr-3923	409	8	market	market	NOUN
fsr-3923	409	9	,	,	PUNCT
fsr-3923	409	10	new	new	PROPN
fsr-3923	409	11	york	york	PROPN
fsr-3923	409	12	,	,	PUNCT
fsr-3923	409	13	ny	ny	PROPN
fsr-3923	409	14	.	.	PROPN
fsr-3923	409	15	national	national	PROPN
fsr-3923	409	16	association	association	PROPN
fsr-3923	409	17	of	of	ADP
fsr-3923	409	18	deferred	defer	VERB
fsr-3923	409	19	compensation	compensation	NOUN
fsr-3923	409	20	administrators	administrator	NOUN
fsr-3923	409	21	(	(	PUNCT
fsr-3923	409	22	nadca	nadca	PROPN
fsr-3923	409	23	)	)	PUNCT
fsr-3923	409	24	.	.	PUNCT
fsr-3923	410	1	(	(	PUNCT
fsr-3923	410	2	1998).1997	1998).1997	NOUN
fsr-3923	410	3	survey	survey	NOUN
fsr-3923	410	4	of	of	ADP
fsr-3923	410	5	457	457	NUM
fsr-3923	410	6	plans	plan	NOUN
fsr-3923	410	7	.	.	PUNCT
fsr-3923	411	1	national	national	PROPN
fsr-3923	411	2	association	association	PROPN
fsr-3923	411	3	of	of	ADP
fsr-3923	411	4	deferred	defer	VERB
fsr-3923	411	5	compensation	compensation	NOUN
fsr-3923	411	6	administrators	administrator	NOUN
fsr-3923	411	7	.	.	PUNCT
fsr-3923	412	1	lexington	lexington	PROPN
fsr-3923	412	2	,	,	PUNCT
fsr-3923	412	3	ky	ky	PROPN
fsr-3923	412	4	.	.	PUNCT
fsr-3923	412	5	national	national	PROPN
fsr-3923	412	6	conference	conference	PROPN
fsr-3923	412	7	of	of	ADP
fsr-3923	412	8	commissioners	commissioner	NOUN
fsr-3923	412	9	on	on	ADP
fsr-3923	412	10	uniform	uniform	ADJ
fsr-3923	412	11	state	state	NOUN
fsr-3923	412	12	laws	law	NOUN
fsr-3923	412	13	.	.	PUNCT
fsr-3923	413	1	(	(	PUNCT
fsr-3923	413	2	1997).uniform	1997).uniform	NUM
fsr-3923	413	3	management	management	NOUN
fsr-3923	413	4	of	of	ADP
fsr-3923	413	5	public	public	ADJ
fsr-3923	413	6	employee	employee	NOUN
fsr-3923	413	7	retirement	retirement	NOUN
fsr-3923	413	8	systems	system	NOUN
fsr-3923	413	9	act.chicago	act.chicago	PROPN
fsr-3923	413	10	,	,	PUNCT
fsr-3923	413	11	il	il	PROPN
fsr-3923	413	12	.	.	PROPN
fsr-3923	413	13	pinkston	pinkston	PROPN
fsr-3923	413	14	,	,	PUNCT
fsr-3923	413	15	w.	w.	PROPN
fsr-3923	413	16	(	(	PUNCT
fsr-3923	413	17	2000	2000	NUM
fsr-3923	413	18	)	)	PUNCT
fsr-3923	413	19	.	.	PUNCT
fsr-3923	414	1	new	new	ADJ
fsr-3923	414	2	retirement	retirement	NOUN
fsr-3923	414	3	program	program	NOUN
fsr-3923	414	4	is	be	AUX
fsr-3923	414	5	created	create	VERB
fsr-3923	414	6	for	for	ADP
fsr-3923	414	7	georgia	georgia	PROPN
fsr-3923	414	8	counties.wall	counties.wall	PROPN
fsr-3923	414	9	street	street	PROPN
fsr-3923	414	10	journal	journal	PROPN
fsr-3923	414	11	,	,	PUNCT
fsr-3923	414	12	southeastern	southeastern	ADJ
fsr-3923	414	13	edition	edition	NOUN
fsr-3923	414	14	.	.	PUNCT
fsr-3923	415	1	september	september	PROPN
fsr-3923	415	2	,	,	PUNCT
fsr-3923	415	3	20	20	NUM
fsr-3923	415	4	.	.	PUNCT
fsr-3923	416	1	useem	useem	PROPN
fsr-3923	416	2	,	,	PUNCT
fsr-3923	416	3	m.	m.	NOUN
fsr-3923	416	4	,	,	PUNCT
fsr-3923	416	5	&	&	CCONJ
fsr-3923	416	6	hess	hess	PROPN
fsr-3923	416	7	,	,	PUNCT
fsr-3923	416	8	d.	d.	PROPN
fsr-3923	416	9	(	(	PUNCT
fsr-3923	416	10	1999	1999	NUM
fsr-3923	416	11	)	)	PUNCT
fsr-3923	416	12	.	.	PUNCT
fsr-3923	417	1	governance	governance	NOUN
fsr-3923	417	2	and	and	CCONJ
fsr-3923	417	3	investments	investment	NOUN
fsr-3923	417	4	of	of	ADP
fsr-3923	417	5	public	public	ADJ
fsr-3923	417	6	pension	pension	NOUN
fsr-3923	417	7	funds.pension	funds.pension	NOUN
fsr-3923	417	8	research	research	NOUN
fsr-3923	417	9	council	council	PROPN
fsr-3923	417	10	working	working	PROPN
fsr-3923	417	11	paper	paper	NOUN
fsr-3923	417	12	,	,	PUNCT
fsr-3923	417	13	99–11.wharton	99–11.wharton	NUM
fsr-3923	417	14	school	school	NOUN
fsr-3923	417	15	.	.	PUNCT
fsr-3923	418	1	philadelphia	philadelphia	PROPN
fsr-3923	418	2	,	,	PUNCT
fsr-3923	418	3	pa	pa	PROPN
fsr-3923	418	4	.	.	PUNCT
fsr-3923	418	5	u.	u.	PROPN
fsr-3923	418	6	s.	s.	PROPN
fsr-3923	418	7	department	department	PROPN
fsr-3923	418	8	of	of	ADP
fsr-3923	418	9	labor	labor	PROPN
fsr-3923	418	10	,	,	PUNCT
fsr-3923	418	11	pension	pension	NOUN
fsr-3923	418	12	and	and	CCONJ
fsr-3923	418	13	welfare	welfare	NOUN
fsr-3923	418	14	benefits	benefits	PROPN
fsr-3923	418	15	administration	administration	NOUN
fsr-3923	418	16	.	.	PUNCT
fsr-3923	419	1	(	(	PUNCT
fsr-3923	419	2	1996	1996	NUM
fsr-3923	419	3	)	)	PUNCT
fsr-3923	419	4	.	.	PUNCT
fsr-3923	420	1	29	29	NUM
fsr-3923	420	2	cfr	cfr	PROPN
fsr-3923	420	3	part	part	NOUN
fsr-3923	420	4	2509	2509	NUM
fsr-3923	420	5	interpretive	interpretive	ADJ
fsr-3923	420	6	bulletin	bulletin	NOUN
fsr-3923	420	7	96–1;participant	96–1;participant	NUM
fsr-3923	420	8	investment	investment	NOUN
fsr-3923	420	9	education	education	NOUN
fsr-3923	420	10	,	,	PUNCT
fsr-3923	420	11	federal	federal	ADJ
fsr-3923	420	12	register61	register61	NOUN
fsr-3923	420	13	(	(	PUNCT
fsr-3923	420	14	113	113	NUM
fsr-3923	420	15	)	)	PUNCT
fsr-3923	420	16	,	,	PUNCT
fsr-3923	420	17	29586–29590	29586–29590	NUM
fsr-3923	420	18	.	.	PUNCT
fsr-3923	421	1	washington	washington	PROPN
fsr-3923	421	2	,	,	PUNCT
fsr-3923	421	3	d.c	d.c	PROPN
fsr-3923	421	4	.	.	PUNCT
fsr-3923	421	5	u.	u.	PROPN
fsr-3923	421	6	s.	s.	PROPN
fsr-3923	421	7	department	department	PROPN
fsr-3923	421	8	of	of	ADP
fsr-3923	421	9	labor	labor	PROPN
fsr-3923	421	10	,	,	PUNCT
fsr-3923	421	11	pension	pension	NOUN
fsr-3923	421	12	welfare	welfare	NOUN
fsr-3923	421	13	benefits	benefits	PROPN
fsr-3923	421	14	administration	administration	NOUN
fsr-3923	421	15	.	.	PUNCT
fsr-3923	422	1	(	(	PUNCT
fsr-3923	422	2	1998).study	1998).study	NUM
fsr-3923	422	3	of	of	ADP
fsr-3923	422	4	401(k	401(k	PROPN
fsr-3923	422	5	)	)	PUNCT
fsr-3923	422	6	plan	plan	NOUN
fsr-3923	422	7	fees	fee	NOUN
fsr-3923	422	8	and	and	CCONJ
fsr-3923	422	9	expenses	expense	NOUN
fsr-3923	422	10	,	,	PUNCT
fsr-3923	422	11	contract	contract	NOUN
fsr-3923	422	12	no	no	INTJ
fsr-3923	422	13	.	.	PUNCT
fsr-3923	423	1	j	j	PROPN
fsr-3923	423	2	-	-	PUNCT
fsr-3923	423	3	p-7–0046	p-7–0046	PROPN
fsr-3923	423	4	,	,	PUNCT
fsr-3923	423	5	task	task	NOUN
fsr-3923	423	6	order	order	NOUN
fsr-3923	423	7	1.washington	1.washington	PROPN
fsr-3923	423	8	,	,	PUNCT
fsr-3923	423	9	d.c	d.c	PROPN
fsr-3923	423	10	.	.	PUNCT
fsr-3923	423	11	waring	waring	PROPN
fsr-3923	423	12	,	,	PUNCT
fsr-3923	423	13	m.	m.	PROPN
fsr-3923	423	14	b.	b.	PROPN
fsr-3923	423	15	,	,	PUNCT
fsr-3923	423	16	harbert	harbert	PROPN
fsr-3923	423	17	,	,	PUNCT
fsr-3923	423	18	l.	l.	PROPN
fsr-3923	423	19	d.	d.	PROPN
fsr-3923	423	20	,	,	PUNCT
fsr-3923	423	21	&	&	CCONJ
fsr-3923	423	22	seigel	seigel	PROPN
fsr-3923	423	23	,	,	PUNCT
fsr-3923	423	24	l.	l.	PROPN
fsr-3923	423	25	b.	b.	PROPN
fsr-3923	423	26	(	(	PUNCT
fsr-3923	423	27	2000	2000	NUM
fsr-3923	423	28	)	)	PUNCT
fsr-3923	423	29	.	.	PUNCT
fsr-3923	424	1	mind	mind	VERB
fsr-3923	424	2	the	the	DET
fsr-3923	424	3	gap	gap	NOUN
fsr-3923	424	4	!	!	PUNCT
fsr-3923	425	1	why	why	SCONJ
fsr-3923	425	2	dc	dc	PROPN
fsr-3923	425	3	plans	plan	VERB
fsr-3923	425	4	underperform	underperform	NOUN
fsr-3923	425	5	db	db	VERB
fsr-3923	425	6	plans	plan	NOUN
fsr-3923	425	7	,	,	PUNCT
fsr-3923	425	8	and	and	CCONJ
fsr-3923	425	9	how	how	SCONJ
fsr-3923	425	10	to	to	PART
fsr-3923	425	11	fix	fix	VERB
fsr-3923	425	12	them	they	PRON
fsr-3923	425	13	,	,	PUNCT
fsr-3923	425	14	investment	investment	NOUN
fsr-3923	425	15	insights	insight	NOUN
fsr-3923	425	16	,	,	PUNCT
fsr-3923	425	17	barclays	barclays	PROPN
fsr-3923	425	18	global	global	ADJ
fsr-3923	425	19	investors	investor	NOUN
fsr-3923	425	20	,	,	PUNCT
fsr-3923	425	21	3	3	NUM
fsr-3923	425	22	(	(	PUNCT
fsr-3923	425	23	1	1	NUM
fsr-3923	425	24	)	)	PUNCT
fsr-3923	425	25	,	,	PUNCT
fsr-3923	425	26	san	san	PROPN
fsr-3923	425	27	francisco	francisco	PROPN
fsr-3923	425	28	,	,	PUNCT
fsr-3923	425	29	ca	ca	NOUN
fsr-3923	425	30	.	.	NOUN
fsr-3923	425	31	218	218	NUM
fsr-3923	425	32	k.w	k.w	PROPN
fsr-3923	425	33	.	.	PROPN
fsr-3923	425	34	sigrist	sigrist	PROPN
fsr-3923	425	35	,	,	PUNCT
fsr-3923	425	36	s.l	s.l	PROPN
fsr-3923	425	37	.	.	PROPN
fsr-3923	425	38	brown	brown	ADJ
fsr-3923	425	39	/	/	SYM
fsr-3923	425	40	financial	financial	ADJ
fsr-3923	425	41	services	service	NOUN
fsr-3923	425	42	review	review	VERB
fsr-3923	425	43	9	9	NUM
fsr-3923	425	44	(	(	PUNCT
fsr-3923	425	45	2000	2000	NUM
fsr-3923	425	46	)	)	PUNCT
fsr-3923	426	1	197–218	197–218	NUM