Browsing Tag
401(k) Auto-Portability
104 posts
No One is Coming to Save You From Missing Participants
Tom Hawkins has a lesson for plan sponsors who must confront the scary problem of missing participants
Focus Shifts to Plan Sponsors as Portability Network Set to Go Live
As operations begin in October, plan sponsors will take center stage as they begin to adopt auto portability and witness its tangible results
Why the Future is Now Brighter for Small-Balance Retirement Accounts
Tom Hawkins explains two key developments that dramatically improve the outlook for retirement accounts with small balances
New Open Portability Network Being Tested by Millennium Trust
Network set to enable auto portability well ahead of Jan. 1, 2024, when auto portability may first be offered under SECURE 2.0
Principal Becomes 6th Recordkeeper to Join Portability Services Network
With the addition, industry consortium to support automatic portability of retirement accounts will include 93 million workers and 231,000 plans
The 401(k) ‘House-Cleaning’ to Come
Tom Hawkins explains why SECURE 2.0’s bump of the automatic rollover threshold from $5,000 to $7,000 is a big win for participants and plan sponsors alike
As Time Passes, the Gains Become Harder
Tom Hawkins observes that the nearly 45-year-old defined contribution system may face diminishing returns as it tries to generate future growth, and offers a smart "workout plan" to help increase retirement security
Cashout Leakage Alert: Highway Through the ‘Danger Zone’
New research reveals a 401(k) cashout leakage “danger zone” for participants in their 30s
Millennium Trust Adding Auto Portability to its Automatic IRA Rollover Solution
Ready for client testing in June, the network will be open to clients and other portability networks
A Renaissance for Auto Enrollment
Thanks to two recent developments, Tom Hawkins says auto enrollment is poised to enter its final phase of growth