Rollovers touted by industry group

Published Updated 3 Min Read

The Defined Contribution Institutional Investment Association has issued a report calling on employers to limit leakage from 401(k) plans, “Plug the Drain: 401(k) Leakage and the Impact on Retirement.”

Cashouts, hardship withdrawals and loans from defined contribution plans reduce by 14 percentage points the probability that low-wage participants will be able to replace most of their income in retirement after 31-40 years of plan eligibility.

Lee Barney
Editor-In-Chief

Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Media’s Wall Street & Technology magazine and … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form