KEY POINTS
  • Retirement savers should ask questions of professionals who help them make critical financial decisions.
  • Knowing the benefits financial professionals may receive can be essential in helping you figure out whose investment advice you should trust and follow.
  • Fee-only advisors don't receive commissions for products. They may receive a percentage of assets managed, a flat fee or hourly payment.

When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money. 

Depending on what the employer retirement savings plan allows, exiting employees may be able to keep the money in the current plan, roll it over into an IRA, or buy an annuity. In some cases, employers can force out small accounts.