Browsing Tag
Portability Services Network
22 posts
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
Cashout Leakage Alert: Highway Through the ‘Danger Zone’
New research reveals a 401(k) cashout leakage “danger zone” for participants in their 30s
Auto Portability Consortium Adds Empower
Launched last fall, the Portability Services Network also includes major recordkeepers Fidelity, Vanguard and Alight Solutions
The Big Shift Towards Auto Portability
Tom Hawkins details two very recent, tectonic shifts toward the system-wide adoption of auto portability