Approximately $720 billion of 401(k) assets eligible for distribution remained in employer-sponsored plans in 2013, according to research from Cerulli Associates.
That's twice as much eligible money that was rolled out of plans, according to Chris Nadai, senior analyst at Cerulli.
"The fact that a majority of assets eligible for distribution remain in plan each year indicates that many 401(k) participants are hesitant to take action with their prior accounts," explained Nadai.
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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.
