Three out of four investors or 71% with retirement money in a former employer's plan have kept those assets there for five or more years.
That's according to new data from Cogent Research, which found that keeping retirement funds parked at former employers is a trend that increases with the age of the employee.
Based on a nationally representative survey of over 4,000 investors with $100,000 or more in investable assets, excluding real estate, the Cambridge, Mass.-based Cogent found that the pool of rollover assets continues to hover around $300 billion.
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