Plan fees drain retirement savings, tiny charges add up to thousands lost over time, leaving participants with smaller nest eggs and higher sponsor costs.

Frequent job changes create scattered 401(k) accounts, leading to higher fees, lost growth opportunities, and reduced engagement with retirement savings.

People change jobs 12 times on average and the retirement system leaves billions trapped in old accounts with high fees and lost savings.

Old retirement transfer methods waste time, add costs, and make it harder for employees to manage their savings.

Inactive 401(k) accounts burden employers with high fees, compliance risks, and wasted resources.

Having multiple retirement accounts is messy, costly, and time-consuming for both employees and HR teams.