Filed Under:Markets, Boomer Market

IRA rollovers face scrutiny by ERISA panel

What makes retiring workers move their assets from 401(k)s? DOL wants to know

What makes retiring workers move their assets from 401(k)s? DOL wants to know.
What makes retiring workers move their assets from 401(k)s? DOL wants to know.

The volume of retirement assets rolling out of defined contribution plans has gotten the Department of Labor’s ERISA Advisory Committee’s attention. 

IRAs, along with other investment vehicles that fall outside the jurisdiction of ERISA’s oversight, are growing more popular as boomers retire and move their retirement savings out of employer-sponsored plans. 

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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