Spencer Williams

Amid cash-outs, stranded plans and suboptimal investments, a SECURE 2.0 provision runs the risk of expanding asset waste in the proverbial 401(k) landfill.

Sharp increases in 401(k) account withdrawals spell trouble for plan participants, sponsors and recordkeepers.

A more thoughtful approach to saving will help participants who rely on the defined contribution model stretch their dollars into life after work.

How can ongoing legislation support a more equitable future and retirement — for all Americans?

14.8 million participants switch employers every year — and 33% of workers have stranded a 401(k) savings account in a former employer’s plan at least once.

When the millions left unemployed due to COVID-19 return to work, research suggests they will cash out of their former employers’ plans, Spencer Williams writes.

Under the new act, some can take out as much as $100,000 from retirement plans early without penalty.