DC Plans Moving to Become Decumulation Vehicles

“The percentage of defined contribution (DC) plan sponsors with a policy for retaining the assets of terminated and retired participants in their plans has increased steadily since 2015, according to the Callan 2020 DC Trends Survey.

More than six in 10 (62.7%) had such a policy in 2019, up from 58.1% in 2018. The percentage that had a policy for retaining assets in the plan in 2015 was 43.5%. Specifically, 72.3% with a policy seek to retain retiree assets, and 61.7% seek to retain assets of terminated participants.” Continue reading.

Source: PLANSPONSOR