Browsing Tag
Portability Services Network
18 posts
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
2022: A Most Consequential Year for Retirement Savings Portability
Tom Hawkins provides a rundown of key events during the past year that have helped to positively shape the future of retirement savings portability
Webinar Showcases Extraordinary Industry Alignment on Auto Portability
How (and why) recordkeeping rivals have joined forces to align around a common cause