Spencer Williams

Employers need to help fix flawed plans by helping participants routinely consolidate their savings.

Employers need to help fix flawed plans by helping participants routinely consolidate their savings.

401(k) automation can help more employees increase their retirement savings, and empower more sponsors to improve their plan performance metrics, without negative consequences, says Spencer Williams.

401(k) automation can help more employees increase their retirement savings, and empower more sponsors to improve their plan performance metrics, without negative consequences, says Spencer Williams.

Plan participants should know how to roll-over their 401(k), says Retirement Clearinghouse’s Spencer Williams.

Plan participants should know how to roll-over their 401(k), says Retirement Clearinghouse’s Spencer Williams.

The tech-based innovation can help workers keep money in their retirement plans and relieve record-keepers from the challenges presented by small accounts.

The strategy not only helps improve employees’ chances of achieving a financially secure retirement, but it also increases plans’ average account balances.

As we mark National Save for Retirement Week, plan sponsors should consider what they can do to power portability so that employees can improve their outcomes.

Employers should work with roll-in service providers to make the task easier for current and former employees.

Plan participants cash out retirement funds at alarming rates, and participants need to have services available to help them make good decisions at the time of a job change, says Retirement Clearinghouse’s Spencer Williams.

Plan participants cash out retirement funds at alarming rates, and participants need to have services available to help them make good decisions at the time of a job change, says Retirement Clearinghouse’s Spencer Williams.

As the fiduciary rule creates challenges to old ways of growing retirement assets, it’s time to consider another source of growth: portability solutions.

As the fiduciary rule creates challenges to old ways of growing retirement assets, it’s time to consider another source of growth: portability solutions.

When employees change jobs and cash out their plan balance, they often do it over a period of years rather than all at once, according to Retirement Clearinghouse’s Spencer Williams.

When employees change jobs and cash out their plan balance, they often do it over a period of years rather than all at once, according to Retirement Clearinghouse’s Spencer Williams.

A closer reading of it sends a clear signal to plan sponsors that they should aim to keep participants invested in a qualified defined contribution plan throughout their working lives.

A closer reading of it sends a clear, if unstated, signal to plan sponsors that they should aim to keep participants invested in a qualified defined contribution plan throughout their working lives, according to Retirement Clearinghouse’s Spencer Williams.

Plan sponsors can improve the health of their plans and participants’ retirement outcomes by embracing roll-ins, yet the process remains difficult and costly for workers.

Automatic rollovers are better than cash-outs for cleaning up small 401(k) accounts, according to retirement expert Spencer Williams.