Deciding what do to with an old 401(k) or other workplace retirement plan may not seem complicated, but a surprising number of participants do not understand which options are available to them, according to a survey by Fidelity Investments.
The Boston-based fund giant found that 30% of Fidelity retirement plan participants who made a job transition are unsure of what to do with their old workplace retirement savings. The results are particularly noteworthy since Fidelity is the top provider of workplace retirement savings plans as well as individual retirement accounts.
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