Estimated reading time: 3 minutes
With 6 million Americans still unemployed and over 78 million approaching retirement age, there are opportunities to capture rollovers from employer-sponsored plans. According to the Investment Company Institute, out of the 27.9 trillion dollars in retirement plans, comparatively there are 8.9 trillion dollars in Individual Retirement Arrangements (IRAs) and 7.7 trillion dollars in defined contribution plans (see graphic below). The increases of assets in IRAs are fueled by direct rollovers from employer-sponsored plans. To capture a share of the rollover market it is good to know the triggers or distributable events that allow for direct rollovers to occur.