Morningstar’s initial retirement report shows ‘alarming’ DC plan shrinkage
Jack VanDerhei, formerly director of research at EBRI, joins the firm’s new unit.
In its first report, the new Morningstar Center for Retirement and Policy Studies has found that an “alarming” amount of money, $4.61 trillion, flowed out of defined-contribution plans from 2011 to 2020.
“These constant outflows, likely due mostly to rollovers and cash-outs, reduce plan ass
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