401(k) cash out leakage blog posts


Dec
28
2017

The Most Urgent New Year’s Resolutions for Plan Sponsors

RCH President & CEO Spencer Williams offers plan sponsors 3 crucial resolutions for 2018, including: 1) ending automatic cash-outs, 2) offering roll-ins as part of a financial wellness program, and 3) engaging all participants on crucial decision-making.

Dec
28
2017

Auto Portability Makes Everything Better

In his December 2017 Consolidation Corner blog post, Tom Hawkins writes about auto portability's special qualities. Great all by itself, auto portability also makes a lot of other retirement savings public policy initiatives a lot better.

Dec
11
2017

The Best Blueprint for Improving Retirement Security

RCH President & CEO addresses a blueprint for improving retirement security, incorporating the widespread adoption of auto portability.

Nov
15
2017

The Results Are In: Auto Portability is a Winner!

On 11/7/17, Warren Cormier of Boston Research Technologies published a white paper “Making the Right Choice the Easiest Choice: Eliminating Friction and Leaks in America’s Defined Contribution System.” The key findings of the research confirm that auto portability is a winner, with significant pent-up demand in our defined contribution system.

Oct
13
2017

Bringing Clarity to the Murky Problem of Missing Participants

The American Benefits Council delivered a letter to the Department of Labor (DoL), urging the DoL to act on the problem of unresponsive or missing participants.

Aug
30
2017

The Exit Bonus Employers Never Intended to Pay

Without seamless plan-to-plan portability in place to preserve retirement savings when a participant changes jobs, many employers are unwittingly paying “exit bonuses” to terminated employees that they may never have intended to pay.

Aug
16
2017

The Cashout Clock is Still Ticking: Let’s Stop It!

On May 12th, Retirement Clearinghouse announced the National Retirement Savings Cashout Clock, a virtual clock that calculates 2017 year-to-date cashout leakage from America’s defined contribution system in real time.

Jul
05
2017

Rising Healthcare Costs Necessitate Healthy Retirement-Saving Habits

If you think of retirement savings as a key part of a healthy retirement, then anyone who has prematurely cashed out 401(k) savings during their working life has suffered a compound fracture that will require several stages of therapy to fully rehabilitate. But a cash-out isn’t the only impediment to a financially secure retirement for these hardworking Americans.

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