I was an employee once and that\u2019s why I don\u2019t have employees. If I did have employees and they left my employment, I\u2019d like all strings to be cut. Some larger plans disagree.<\/p>\n\n\n\n
According to a new Cerulli report, 84% of 401(k) plans sponsors with more than $500 million in assets prefer to keep participant assets in the plan during retirement. The reason is that these plan sponsors believe that increased scale helps them negotiate better prices with asset managers and other providers.<\/p>\n\n\n\n
While increased assets are great, dealing with former employees isn\u2019t worth the headache. Providing notices and education to current employees is difficult and just so much work when dealing with former employees. I would recommend that the work in dealing with them isn\u2019t worth the increased assets.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" I was an employee once and that\u2019s why I don\u2019t have employees. If I did have employees and they left my employment, I\u2019d like all strings to be cut. Some larger plans disagree. According to a new Cerulli report, 84% … Continue reading