More sponsors open to keeping retiree assets in-plan, Cerulli says
More than half of 401(k) plan sponsors would prefer to keep retired participants’ assets in their plan rather than having them roll their assets into an IRA or another employer-sponsored plan.
Plan sponsors increasingly don’t mind keeping retiree accounts in-house.
According to the Cerulli Edge U.S. Asset and Wealth Management Edition released this week, more than half (54%) of 401(k) plan sponsors would prefer to keep their retired participants’ assets in their plan, rather than h
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