A study released Tuesday by Fidelity found 30% of workers who change jobs are unsure about what to do with the assets they accumulated in their former employer's retirement plan.
Fidelity found about one-third of workers move retirement assets within four months of a job change. Of the 71% of workers who deliberately leave their savings in an old plan, 59% do so because they like the plan features or services. More than a quarter said they left their assets in a plan because they didn't have the time to move them.
Most workers (57%) said they would keep those assets in their old employers' plan for the next 12 months. Almost one-quarter of workers weren't sure if they would move their savings into a new plan in the next year, and 18% said they would move it to an IRA or their new employer's plan.