Citing job-changing statistics from EBRI, as well as the poor decisions made to cash out or strand retirement savings. Williams also points to a 2015 study of mobile workforce behaviors, conducted by Boston Research Technologies, which found that 32.8% of workers left behind their retirement savings in their most recent, former employer’s plan, despite the fact that almost 98% of plans are able to accept roll-ins from other plans.
College graduates will learn the value of a dollar soon enough, says Williams, who advises these new savers to begin saving early, often – and, when changing jobs -- to move their retirement savings forward to their current employer’s plan.