“DC plan participants are increasingly keeping their retirement balances in the plan after they retire, but plan sponsors interested in retaining those balances must overcome some misperceptions, according to a recent paper by T. Rowe Price.
In “Bridging the Gap Between Accumulation and Decumulation for Participants—A Guide for Plan Sponsors,” the firm’s data shows, for example, that in 2012, 45% of account assets remained in plans at least a year after retirement, but that figure jumped to 61% in 2018.” Continue reading.
Source: American Society of Pension Professionals & Actuaries
3-minute read.