Morningstar turns detective to find gender from 5500s
What s in a name? Morningstar spends a lot of time trying to find out.
Poring over Form 5500s to determine the gender of defined contribution plan administrators, Morningstar Inc. researchers usually had a relatively easy time distinguishing male vs. female.
There was a strong probability that names like Jeffrey and Thomas are male and names like Cynthia and Angela are female, according a Morningstar report, Wonder Women: Why Defined Contribution Plans Benefit From Female Plan Administrators. But what about Dana? Or Lee? Or Kelly? Or Leslie? That required some detective work.
Researchers checked a dataset that includes information about baby names from Social Security applications for the year 1965, said the Morningstar report linking the quality of plan administration to the gender of the administrator.
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