The exit bonus employers never intended to pay

The exit bonus employers never intended to pay

09/06/2017

RCH President & CEO Spencer Williams draws attention to the 'exit bonus' that employers unwittingly pay when job-changing participants cash out their retirmenet savings, including employers' matching contributions.  Williams estimates that approximately $6.2 billion in matching contributions are cashed out each year, and almost $4 billion is for non-emergency purposes.  Auto portability, argues Williams, represents the answer to this dilemma.

Read the full article in Employee Benefit News

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