Tag: auto-portability

U.S. Chamber of Commerce and ERIC ask for a longer compliance date and a removal of required non-English disclosures.

Service providers could charge a fee directly to an IRA owner for executing a transfer to their new qualified plan.

The proposal would implement a SECURE 2.0 provision intended to make it easier to transfer money between DC plans to...

Retirement Clearinghouse says many participants with balances of $7,000 or less will avoid leakage of savings when changing jobs.

The launch comes about a year after the program was announced in 2022, with the goal of capturing lost or...

From incorporating an in-plan emergency savings vehicle to facilitating auto-portability, employers can take actionable steps to help disadvantaged workers save...

Principal Financial Group announced it has joined the Portability Services Network, and Millennium Trust has begun testing its own open...

Despite incurring a 10% penalty for cashing out retirement savings early, research found that many employees liquidate 401(k) accounts when...

The Portability Services Network seeks help mitigate cash-out leakage and accelerate the nationwide adoption of auto-portability.

The bill would allow workers’ 401(k) accounts to be automatically rolled over from a previous employer to a new employer.

Research suggests that keeping retirement plan savings in tax-advantaged accounts, using auto-portability, can help to close the wealth gap.

EBRI projects the present value of additional accumulations over 40 years resulting from all terminated participant balances being automatically moved...

Now that participants’ small balances may be automatically transferred to their new 401(k) account, Retirement Clearinghouse expects to see a...

EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of...