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.
Top 5 Misconceptions About 401(k) Auto Portability
Nine in 10 plan participants surveyed thought that an auto-portability feature would be valuable
Congress Introduces ‘Portable Retirement Investment Accounts’
'The current retirement system isn’t working for all Americans'
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
401(k) 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 401(k) 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’ 401(k)s
Nearly 25 million forgotten 401k accounts amount to nearly $1.35 trillion of assets, according to new white paper from Capitalize.
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 401(k) plan default feature that automatically transfers small-balance retirement savings when…