Nearly one-fifth (22%) of the $2.9 trillion in total assets held in large 401(k) plans is held by retirees or pre-retirees who have yet to roll it into other plans, according to just-released analysis by Judy Diamond Associates.
Judy Diamond, a 401(k) plan intelligence provider for financial advisors, brokers and fund companies, analyzed the number of retirees still receiving benefits from or entitled to receive benefits from 14,508 401(k) plans with at least 100 participants.
The 7.4 million people in that group, out of a total of 62 million participants covered in the study, held an estimated $640 billion in assets in their 401(k) plans.
Judy Diamond says the study's sample looked at 87% of all participants and 85% of all plan assets in 401(k) plans nationwide in 2012, the most recently available 401(k) plan disclosure documents released by the Department of Labor; they are available in Judy Diamond's Retirement Plan Prospector database.
