Consolidation Corner Blog
Consolidation Corner is the Retirement Clearinghouse (RCH) blog, and features the latest articles and bylines from our executives, addressing important retirement savings portability topics.
The Participant Case for Auto Portability
Today’s workforce is more mobile than ever – but their retirement savings shouldn’t be left behind.
Each time workers change jobs, they face an important decision: what to do with their retirement account. For many – especially those with smaller balances – this moment often leads to costly mistakes, including cashing out savings early, or winding up in a dead-end safe harbor IRA that charges excessive fees and is invested in low-yielding default investment funds.
Auto portability changes that.
The Plan Sponsor Case for Auto Portability
Are you a plan sponsor and want some good reasons why you should adopt auto portability?
Here are seven: