Newsletters

Retirement plan migration tips

Over $460 million in plan assets are on the move. Are you in a position to capture some of that?

By Lori Widmer | Updated on June 09, 2015

Don’t look now—your plan sponsors are about to break up with you. So says the latest Cogent Reports™ Retirement Planscape® survey of 1,471 401(k) plan sponsors. The report reveals that 40 percent of plan sponsors are very likely to initiate a formal review of their plans over the next year. Plus, 11 percent are already planning a move to a different retirement plan provider.

While that may sound like bad news, to the smart retirement advisor its opportunity knocking. Considering the current US-based 401(k) retirement plan assets are an estimated $4.4 trillion according to the Investment Company Institute, that means a lot of defined contribution assets, $460 billion, are about to be looking for a new home.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account? Sign In Now

NOT FOR REPRINT

Dig Deeper

Advisor Sales Strategies

Recommended Stories

Voters lock state benefits regulation trends in

Allison Bell | November 08, 2024

As the results turn Washington upside down, state capitals are purring along.

Retirement Savings for Americans Act: Increased access, but worse retirement outcomes?

Lynn Cavanaugh | November 08, 2024

The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.

33,000 Boeing workers end strike: No pension in new contract, but 401(k) contribution boost

Lynn Cavanaugh | November 06, 2024

Retirement plans were a hot button issue for union workers, who wanted Boeing to bring back their lost pension plans, however, Boeing said they were “prohibitively expensive.”

Resource Center

Download this Q&A to learn about impactful trends, advice for plan sponsors and participants, and the role that Corebridge plays in moving financial futures forward for government plan sponsors and employees.

Information Brief

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Exclusive discounts on BenefitsPRO.com and ALM events.