Considerations for Plan Sponsors Looking to Keep Participants After Retirement

“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.