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.
Why Account Consolidation is Vital to Reduce 401(k) Cybersecurity Risk
It’s clear that account consolidation can lower retirement savings cybersecurity risks by minimizing the sheer number of fraud-prone, small-balance retirement savings accounts
How Auto Portability Helps Women, Minorities and Lower-Income Workers
Auto portability is exactly the response from the private sector that you would hope for and expect
The ‘Fix’ for Missing 401k Participants and Forgotten Accounts
Auto portability’s active measures stand in contrast to more reactive approaches,
401k Market Minute: Auto Portability’s Big Boost, Gensler’s Grace Under Pressure, and More
Here’s what’s happening this week
National Urban League, NAACP Endorse 401(k) Auto Portability
'The NAACP is committed to being a partner in advancing the implementation of auto-portability as an essential tool to address racialized economic inequities'
4 Reasons Why 401(k) Auto Portability is Inevitable
'I’ve never been more confident about the prospects for auto portability than I am right now'
Solving 401(k) Portability and Cashout Leakage a Key DOL Priority
Kathleen Kennedy Townsend, Special Assistant to the Secretary of Labor for Retirement, stressed the need to address the persistent problem of portability and leakage at EBRI’s recent Public Policy Forum
3 Resolutions for 401(k) Plan Sponsors in 2022
Making and following through on these resolutions could deliver huge benefits for all
A Brief History of 401(k) Auto Portability (and Why it Matters)
It's at least eight years in the making
4 Reasons Why 401(k) Auto Portability Can’t Wait
The fact is auto portability is here and working