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This paper seeks to examine what people do with their 401(k) balances when they leave an employer and looks at the demographics of people who roll in balances to their new employers. We specifically highlight the behavior of those with small balances as people are much more likely to change jobs when they are younger1 and have little saved for retirement.

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  • May 6, 2021 Create Date
  • May 6, 2021 Last Updated
Alight - The Impact of Small Amount Cash-outs on Retirement Income