Browsing Tag
Cash-Out
42 posts
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…
401(k) Retirement Savings: More Gone Than Forgotten
The draft of the SECURE 2.0 legislation provides for a PBGC-based Retirement Savings Office of the Lost and…
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.,…
401k Leakage and Auto Portability Featured at Senate Committee Hearing
On May 13, 2021, the U.S. Senate’s Committee on Health, Education, Labor, and Pensions (HELP) held its first…
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…
3 New Year’s Resolutions for 401k Plan Sponsors
In January, Alight Solutions released 2020 Hot Topics in Retirement & Financial Wellbeing, a survey of 130 plan…
From Tired to Inspired: A Roadmap for 401k Roll-ins
As I wrote in a previous article, 401k automated portability is an idea whose time has come. To…
Automated 401k Portability: An Idea Whose Time Has Come
“Nothing is more powerful than an idea whose time has come,” French author and poet Victor Hugo observed.…