Browsing Tag
401(k) Auto-Portability
117 posts
401(k) auto-portability is the automated transfer of a participant’s retirement savings from a former employer’s 401(k) plan into their new employer’s plan when they change jobs. It helps prevent “stranded” or forgotten accounts, reduces cash-outs, and consolidates savings for easier management and stronger retirement outcomes.
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
5 Most Meaningful Provisions of SECURE 2.0
Northern Trust Asset Management’s Lee Freitag identifies the most impactful provisions of the new legislation
Auto Portability Consortium Adds Empower
Launched last fall, the Portability Services Network also includes major recordkeepers Fidelity, Vanguard and Alight Solutions
The Big Shift Towards Auto Portability
Tom Hawkins details two very recent, tectonic shifts toward the system-wide adoption of auto portability
2022: A Most Consequential Year for Retirement Savings Portability
Tom Hawkins provides a rundown of key events during the past year that have helped to positively shape the future of retirement savings portability
Webinar Showcases Extraordinary Industry Alignment on Auto Portability
How (and why) recordkeeping rivals have joined forces to align around a common cause
TSP-Like ‘Retirement Savings for Americans Act’ Introduced with Eye on 2023
Bill from bipartisan, bicameral Congressional working group aims for 2023 consideration with effort to expand retirement savings access for low- and middle-income workers
Morningstar Study Analyzes Top Retirement Systems Around the Globe
The recent paper dives into the complexities, nuances, and parallels of eight countries with top-rated retirement planning systems
Auto-Portability Receives Bipartisan Backing with House Bill
The new bicameral support increases the chances of auto-portability language being included in upcoming SECURE 2.0 legislation