Browsing Tag
Portability Services Network
15 posts
4 Compelling Reasons for Plan Sponsors to Adopt Auto Portability
Tom Hawkins shares why it’s OK to be an early adopter as the industry is quickly embracing this new plan feature
Back to the Future: Conduit (Roth) IRAs
Before “dashboards,” GAO should embrace the Conduit (Roth) IRA—A superior solution for consolidating retirement savings
Auto Portability: It’s All About the Participants
Tom Hawkins explains how auto portability expressly addresses the needs of small-balance retirement savers who frequently change jobs
Portability Services Network Launches Solution to Reduce Plan Leakage
Founding members include Alight Solutions, Empower, Fidelity Investments, Principal, TIAA, and Vanguard
Focus Shifts to Plan Sponsors as Portability Network Set to Go Live
As operations begin in October, plan sponsors will take center stage as they begin to adopt auto portability and witness its tangible results
Why the Future is Now Brighter for Small-Balance Retirement Accounts
Tom Hawkins explains two key developments that dramatically improve the outlook for retirement accounts with small balances
With Eye on IRAs, Vanguard Expands Relationship with Retirement Clearinghouse
Agreement will help reconnect IRA accountholders with lost retirement funds
New Open Portability Network Being Tested by Millennium Trust
Network set to enable auto portability well ahead of Jan. 1, 2024, when auto portability may first be offered under SECURE 2.0
Principal Becomes 6th Recordkeeper to Join Portability Services Network
With the addition, industry consortium to support automatic portability of retirement accounts will include 93 million workers and 231,000 plans
The 401(k) ‘House-Cleaning’ to Come
Tom Hawkins explains why SECURE 2.0’s bump of the automatic rollover threshold from $5,000 to $7,000 is a big win for participants and plan sponsors alike