Manifest is a product facilitating 401(k) transfers for individuals that switch employers.
It’s estimated that over $2 trillion has been lost in the last 10 years as people cash out instead of transferring their old 401(k) accounts, contributing to the retirement savings crisis now facing America.
Manifest gives people an easier way to take their 401(k)s with them when they switch jobs.
- The company standardizes the process and links providers to dramatically reduce administrative costs, compliance liabilities, and time required to transfer accounts.
- Manifest partners with companies to create a platform for all 401(k)s where employees can go to transfer funds.
- Manifest makes an involved, complicated process efficient and easy.
- Combining accounts can result in a gain of up to 36% in savings over 10 years.
FINANCIAL HEALTH FOCUS
The average American has 2.8 retirement accounts left behind when they switch jobs. Manifest believes that by creating an easier transfer solution, it can maximize retirement outcomes for the next generation of employees.