If employees who leave a job were better counseled about what to do with their 401(k) plans before they go, fewer of them would cash out of their plans.

It's a fairly intuitive notion but Boston Research Group found the hard evidence to say as much by following an innovative account consolidation program instituted by a large plan sponsor with 200,000 participants and a 25 percent annual turnover rate from 2007 through 2012.

It found that providing departing employees with personalized start-to-finish assistance from impartial counselors cut cashouts in half, reduced the number of stranded accounts and saved an estimated $6 million in costs.

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