Retirement Clearinghouse Announces Auto-Portability Network with Fidelity, Vanguard and Alight
The Portability Services Network seeks help mitigate cash-out leakage and accelerate the nationwide adoption of auto-portability.
Tag: auto-portability
Senate Legislation Calls for Automatic 401(k) Transfers
The bill would allow workers’ 401(k) accounts to be automatically rolled over from a previous employer to a new employer.
Lower-Income Workers Benefit the Most From Auto-Portability
Research suggests that keeping retirement plan savings in tax-advantaged accounts, using auto-portability, can help to close the wealth gap.
Newly Sanctioned Auto Portability Solution Could Boost Retirement Savings by Trillions
EBRI projects the present value of additional accumulations over 40 years resulting from all terminated participant balances being automatically moved...
DOL Exemption Paves Way for Auto Portability
Now that participants’ small balances may be automatically transferred to their new 401(k) account, Retirement Clearinghouse expects to see a...
Shorter Employee Tenure Demands Progressive Plan Design
A worker’s tenure plays into his eligibility to join and his level of engagement with retirement plans, and for this...
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of...