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How Big Is the Problem? The High Cost of Accounts Left Behind (PDF)
Millennium Trust Company 
Oct. 24, 2014 "[1] 9.5 million employees change jobs each year. [2] 38 million retirement accounts connected with former employees left with previous employers. [3] $92/year: Average recordkeeping, custody, and administration fee per account. [4] $3.5 billion: Estimated annual cost of DC plan accounts belonging to previous employees. [5] $43.5 billion: Estimated cost of former employees over a 10-year period." MORE >> |
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