Browsing Tag
401(k) Auto-Portability
104 posts
401k Auto-Portability Takes ‘Giant Leap Forward’ with Vanguard, RCH Deal
Service providing plan sponsors with a new portability solution to simplify small-balance 401k rollovers expected to launch in mid-2022
401k Auto Portability’s Significant Benefits to Pending Legislation
The sheer magnitude of incremental benefits delivered by the addition of auto portability was surprising
Does The ‘Great Resignation’ Make Auto-Portability’s Case?
If ever there was a time—and need—for auto portability, this may be it. According to Bankrate’s August 2021…
Senate Hearing Reveals Large Employer Support for 401(k) Auto Portability
During testimony in a Senate Finance Committee hearing “Building on Bipartisan Retirement Legislation: How Can Congress Help?” in…
Auto-Portability Provider Tops $10B Mark in 401k Account Consolidations
Cashouts beware! Retirement Clearinghouse, LLC reported today that it has consolidated more than 290,000 retirement accounts, comprising over…
More Than a Trillion Dollars Stuck in ‘Forgotten’ 401ks
By the end of 2021, there will be an estimated 25 million “forgotten” 401k accounts in the U.S.,…
A Big Problem: Another Leakage Study Reaches the Same Conclusion
Arriving with little fanfare, a recent study prepared by the Staff of the Joint Committee on Taxation, a…
Why the Case for 401(k) Auto Portability Just Got Stronger
The case for auto portability, the new 401k plan default feature that automatically transfers small-balance retirement savings when…
Cracking the Code to True 401k Portability
America’s 401k system, long plagued by friction, produces $92.4 billion of excessive cash-out leakage annually. In recent years…
Consolidating Gains from a 401k Portability Program
When research performed eight years ago reveals that your 401k plan, by turning on portability and consolidation for…