By 2018 more than a third of retirement assets will be parked in IRAs, accelerating a trend seen in recent years, Cerulli reported.
The movement of funds from employer-sponsor defined benefits plans is natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.
"The lack of widespread use of in-plan retirement income solutions means assets accumulating in a defined contribution plan will eventually shift to an IRA," said Bing Waldert, director at Cerulli, in a statement.
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