The volume of retirement assets rolling out of defined contribution plans has gotten the Department of Labor's ERISA Advisory Committee's attention.
IRAs, along with other investment vehicles that fall outside the jurisdiction of ERISA's oversight, are growing more popular as boomers retire and move their retirement savings out of employer-sponsored plans.
In response, the ERISA Advisory Council this week said it plans to examine some of "the factors leading participants to leave their assets in or move them out of a plan."
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
