Millions of US workers are unknowingly losing billions of dollars in retirement savings to so-called “Safe Harbor IRAs” — accounts meant to temporarily hold small 401(k) balances but which have ...
When a plan participant separates from service with an employer, the retirement plan sponsor can choose to distribute the account owner’s remaining account balance without consent if the balance is ...
Safe Harbor IRAs are meant to be temporary but many sit untouched for years A worker who leaves that money idle is missing out on retirement savings Former employees may not realize their funds are in ...
Millions of American workers may be at risk of losing significant portions of their retirement savings as small, left-behind 401(k) balances are automatically rolled into Safe Harbor IRAs – a process ...
Millions of U.S. workers leave behind retirement funds and investment gains when they change jobs, all because of an employer practice. Andy Wang, host of the "Inspired Money" podcast, joins “Morning ...
Up to 2 million retirement accounts could now reportedly be at significant risk of automatically rolling over into Safe Harbor IRAs every year. Recent research shared by PensionBee indicates that ...
NEW YORK, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Each year, up to 2 million old 401(k) accounts are automatically forced out of employer plans and placed into low-yield Safe Harbor IRAs, often without ...
(NewsNation) — Millions of Americans leave 401(k)s behind when they change jobs, and in many cases, that money ends up in low-return, high-fee “Safe Harbor IRAs” that can erode retirement savings, a ...