Filed Under:Annuities, Variable

The damaging impact of DC plan failures

Boston Research Group looks at the challenging maneuver of moving savings between plans

Making it simpler for workers to move money between retirement plans when they change jobs would mend gaping rifts in the retirement savings system that are costly to all parties involved.

The current system is needlessly Byzantine and it does not just impact employees who have their money fall into its cracks. Plan sponsors face increased costs, plan providers lose revenue and policy makers become pressured to consider regulatory patches in an effort to fix breakdowns and address short-comings.

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Nichole Morford

Nichole Morford
Managing Editor

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