Tag: retirement plan rollovers
Forty-two percent of those between the ages of 35 and 65 who left a job where they had money in a 401(k) plan were unaware that they could have left the money in the plan, and 28% didn’t know that some retirement distribution choices trigger tax liabilities and penalties, a survey found.
Alight Solutions also found improved savings behaviors in its 2019 Universe Benchmarks report.
Not rolling defined contribution (DC) plan assets into an IRA or another DC plan has a very material impact on retirement deficits, an Employee Benefit Research Institute (EBRI) study found.
New integrations make filling out Form 1099s and rollovers to individual retirement accounts (IRAs) automatic.
The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.