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401(k) Spring a Leak: Boomers Switching Out of Accounts
BusinessWeekLink to more items from this source
July 1, 2005
Excerpt: When an employee retires or switches jobs, the industry manages to hold on to just 30 cents of every dollar in a 401(k) or similar plan. Now, the rate of rollovers out of fund companies is set to explode, from $198 billion in 2003 to $401 billion in 2010, according to market tracker Financial Research Corp. (FRC).

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