Even if you don't work for them any longer, your old employers want you to leave something behind: Your retirement money.
That's according to a report from The Wall Street Journal, which found that employers are increasingly competing for custody of former employees' retirement accounts.
They're actively pursuing those dollars as a means of keeping their own plan costs down — both by enlarging the money pool on which they negotiate fees, and by forestalling a sudden drain of funds from exiting older workers that could undermine their negotiating leverage on those fees.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
