(1) Additional fees are incurred.

(4,348 yen for automatic rollover, 98 yen per month from the fourth month following the month in which assets are automatically rolled over, 550 yen for transferring to another defined contribution pension plan, and 4,180 yen for filing a claim for early lump-sum payment or lump-sum death benefit)

 

(2) Assets are kept in cash and no investment is allowed.

(3) The start of receiving benefits may be delayed as the automatic rollover period is not included in the total participation period which is a requirement for receiving retirement benefits.

(4) In order to receive retirement benefits and disability benefits, assets must be transferred to a corporate-type DC or individual-type DC (iDeCo). You need to transfer your assets to another defined contribution pension plan to receive benefits, so it may take six months or more from the start of procedures to receive benefits.