Approximately $720 billion of 401(k) assets eligible for distribution remained in employer-sponsored plans in 2013, according to research from Cerulli Associates.
That's twice as much eligible money that was rolled out of plans, according to Chris Nadai, senior analyst at Cerulli.
"The fact that a majority of assets eligible for distribution remain in plan each year indicates that many 401(k) participants are hesitant to take action with their prior accounts," explained Nadai.
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