Browsing Tag
401(k) Auto-Portability
118 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.
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
Employees Crave More Help to Create Lifetime Income Strategies
Invesco DC study reveals majority feel alone in identifying best strategy and want more employer help in navigating the transition to retirement income
Auto Portability’s Big Move: Major Recordkeepers Form Consortium with RCH
Fidelity, Vanguard, Alight, and Retirement Clearinghouse establish first-ever industry consortium focused on expanding auto portability adoption
Why DEI and ‘Traditional’ Automatic Rollovers Don’t Mix
Combining effective education and assistance can go a long way toward making an automatic rollover program more DEI-friendly
How 401(k) Consultants Miss the Automatic Rollover Mark
401k plan consultants know that the name of the game is improving participant outcomes, and their ongoing efforts are commendable
5 Reasons Why the New 401(k) Auto Portability Bill is So Important
The proposed legislation represents the culmination of years of bipartisan support in Congress
401(k) Portability in Four Movements: Case Study
Delivering more 401k portability would be music to participants' ears
Key 401(k) Portability Finding in EBRI’s Retirement Confidence Survey
'Understanding what 401k participants need and what they want is vital to effecting change'
401(k) Auto Portability Featured in Senate HELP Committee Hearing
'Auto portability changes helps demographic groups most adversely affected by cash-out leakage'
What 401(k) Advisors Need to Know About Auto Portability
Despite momentum, there are still plenty of misconceptions