RCH – Portability and the Mobile Work Force: How Job Changing Impacts Retirement Savings

I attended and helped promote my company’s (Retirement Clearinghouse) webinar, hosted by PLANSPONSOR:
Portability and the Mobile Work Force: How Job Changing Impacts Retirement Savings

Webinar held on Thursday May 28th 2015

Description: Strategies for Changing Participant Behavior to Improve Retirement Outcomes

A large body of research now confirms the magnitude of the leakage problem in the U.S. retirement system. However, little has been done to investigate the behavioral drivers of leakage, especially cash-outs. This webcast covers the findings of fresh research conducted by Boston Research Technologies, offering revealing insights into job changer’s decisions about their retirement plan balances, particularly related to cash-outs, as well as their attitudes and behaviors towards portability (moving their retirement savings), such as leaving those balances in the former plan or rolling those assets over to their new plan or to an IRA. The session concludes with practical and effective steps that all plan sponsors should take, given the risks and opportunities that the study reveals.

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