Improving DC Plans by Eradicating Leakage and Friction

It’s no secret that the defined contribution (DC) system suffers from two very serious problems: Leakage, meaning the premature withdrawal of retirement savings from the 401(k) system, to the detriment of participants, sponsors, advisors and providers; and Friction, meaning the complex rollover procedures and absence of participant assistance that lead to sub-optimal decision-making and outcomes.