In last week’s Question of the Week we asked, "What is the amount of retirement savings that would stay in the DC system over the next 10 years if cash-outs were reduced by 50%?" Here are the results of the voting, expressed in percentages:
$10 billion: 14%
$500 million: 46%
$1 trillion: 25%
$2 trillion: 11%
Other: 4%
The answer, according to EBRI, is that cutting cash-outs by 50% has the potential to add $1.3 trillion to DC retirement savings over 10 years. (Thanks to Warren Cormier of Boston Research Group for last week's question.)
This week’s Question of the Week is: “Among 401(k) plans with under $5MM in assets, what is the percent that changed record keepers in the past year?” It can be found at the bottom of the right column of any page on the portal. On mobile devices, scroll all the way to the bottom. (Speaking of mobile devices, a reminder to use your device’s browser to bookmark the NAPA Net home page. This will create an icon on your device’s home page.)
