68% of left-behind 401(k)s that land in ‘Junk IRAs’ shrink after one year
Globenewswire·2026-10-21 20:00

Millions of left-behind 401(k)s may face risks as transfers into Automatic Rollover IRAs snowballNEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Workers who leave a job with less than $7,000 in their 401(k) may have their savings moved into an account they never chose. New research from PensionBee, a leading retirement savings provider, shows most of these accounts start losing value right away. The new white paper, “How Automatic Rollover IRAs Can Wear Down Retirement Savings,” reveals that 68% of Automatic Ro ...

68% of left-behind 401(k)s that land in ‘Junk IRAs’ shrink after one year - Reportify