Outflows from 401(k)s are outpacing new money coming into workplace retirement savings plans, a trend that is likely to continue as more baby boomers retire, according to new research from Cerulli Associates.
Between 2012 and 2017, outflows increased at an annual rate of 8.4 percent, compared to a 6.4 percent annual growth rate of contributions to plans.
Cerulli says two factors explain the imbalance: demographics and the maturity of the 401(k) market.
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