In his April 29, 2017 article in Employee Benefit News, RCH President & CEO Spencer Williams observes Financial Literacy Month by deriding the practice of automatically cashing out separated participants with less than $1000. This practice, he argues, is not only harmful but sends the wrong message: that small balances don't matter. Rather than cashing out these participants, plan sponsors should encourage roll-ins, as well as work with automatic rollover providers who discourage cashouts and seek to move retirement assets forward.

Read the full article in Employee Benefit News

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