Exploring the Lost Opportunities of Small IRA Rollovers
Retirement industry experts say automatic portability could be the solution to a pervasive problem.
Retirement industry experts say automatic portability could be the solution to a pervasive problem.
Considering automatically rolling balances from one plan to another for participants who terminate employment with small balances plan sponsors are allowed to cashout, EBRI found additional accumulations over 40 years would be $1.5 trillion.
Now that participants’ small balances may be automatically transferred to their new 401(k) account, Retirement Clearinghouse expects to see a lot of business.