Spencer Williams

Without measures to help workers avoid the decision to withdraw their savings, the proposed law is less likely to achieve the stated goals of its supporters.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.

Consolidating retirement accounts using auto-portability can protect data.

Consolidating retirement accounts using auto-portability can protect data.

By educating employees about the importance of incubating saver’s credits, employers can make them less likely to cash out their 401(k)s when they change jobs.

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

Taking a closer look at the inner workings of ARO programs can shine a light on features that require attention, particularly in light of the recent DOL guidance on auto-portability.

High cash-out rates exacerbate an already challenging situation for some minority retirement savers. Households making $20,000 or less are especially vulnerable.

High cash-out rates exacerbate an already challenging situation for some minority retirement-savers. Households making $20K or less are especially vulnerable.

Although rainy day funds can be useful in the ongoing struggle to curtail leakage of savings from defined contribution plans, they won’t plug the biggest hole in the retirement system’s proverbial bucket.

Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.

Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.

A 4-step plan of action to improve your strategy for locating missing participants and beneficiaries.

A 4-step plan of action to improve your strategy for locating missing participants and beneficiaries.

The next step in the ongoing modernization of the retirement vehicle involves adopting plan features which encourage seamless savings portability and consolidation.

The next step in the ongoing modernization of the retirement vehicle involves adopting plan features which encourage seamless savings portability and consolidation.

Plan sponsors can help female employees save more for their post-work years by encouraging and facilitating 401(k) account consolidation.

Plan sponsors can help female employees save more for their post-work years by encouraging and facilitating 401(k) account consolidation.

Employers should concentrate on adopting measures that enable seamless plan-to-plan savings portability for participants, especially for employee accounts with less than $5,000.