Browsing Tag
401(k) Auto-Portability
118 posts
401(k) auto-portability automatically moves a worker’s small retirement balance to a new employer’s plan after a job change. The process prevents cash-outs, reduces forgotten accounts, and keeps retirement savings invested without requiring employee action. Plan sponsors and service providers coordinate transfers using standardized rules and participant safeguards. Auto-portability helps workers preserve long-term savings and improve retirement outcomes as they change jobs.
Stealth Solution to America’s 401(k) Savings ‘Crisis?’
The fiduciary rule from the Department of Labor has (obviously) been highly-visible over the past year, presenting major…
Big Changes Coming for Small 401(k) Accounts
Important changes are now making their way to small 401k accounts, left behind by separated participants with balances less than $5,000.
How to Remove ‘Friction’ From the 401k System
Auto portability is a plan feature that will drastically reduce “friction” for the small balance (less than $5,000) job-changer
How to Bridge the Minority 401(k) Participation Gap
Under-participation by minorities in America’s 401(k) system represents a significant economic disparity that requires creative, private-sector solutions. Auto…
Does 401(k) ‘Auto Portability’ Really Work?
For years, 401(k) plan sponsors and record-keepers have received research findings discussing the harm caused by participants cashing…
Pennsylvania to Seize ‘Abandoned’ Retirement Accounts
It seems 401(k) auto-portability protection came just in time, as state encroachment into the retirement savings space continues. Pennsylvania…
The Power of 401(k) Auto Portability: A Case Study
Auto portability can do for job transfers what auto enrollment and auto escalation have done for 401(k) participation and…
401(k) ‘Auto-Portability’ Goes to Washington
The next big 401(k) issue to hit Washington lawmakers could be auto-portability. On June 8, 2016 Retirement Clearinghouse…