The 401(k) transfer process is outdates and cumbersome, leading to significant financial losses.
Many individuals abandon their accounts or cash them out due to the complexity and time-consuming nature of rolling them over.
Inefficient 401(k) transfers negatively impact employees, employers, and HR teams alike.
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The traditional manual rollover process for 401(k)s is no longer suitable for modern workplaces, necessitating a shift towards digital solutions.
Companies that adapt to digital tools can enhance employee financial well-being and streamline administrative tasks.
This report from UNLEASH x Manifest provides a guide for HR leaders ready to improve the transfer process and maximize employee retirement outcomes by thousands of dollars per individual.
