Expanding Retirement Plan Automation
Experts at EBRI discussed how automation features for emergency savings and other vehicles can help underserved communities save for retirement.
Tag: auto portability
Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal
Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
Inspira Simplifies Structure, Targets More Holistic Market Approach
Inspira Financial, formerly Millennium Trust, will be doing outreach to plan advisers with a more streamlined structure, executives say.
Detailing the DOL’s Auto-Portability Proposal
Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
DOL Proposes Rule on Auto-Portability
The proposal would permit providers to charge fees for auto-portability services.
Retirement Clearinghouse Notes 4 Key Findings on Auto-Portability
RCH predicts the automatic transfer of small-balance retirement plan accounts could grow net incremental wealth by $1.6 trillion over the...
Portability Services Network Goes Live
The digital automatic portability network of the nation’s six largest recordkeepers is now live, with Alight Solutions, Vanguard and Fidelity...
Bipartisan Support Shown for Federal IRA in Re-Introduced Bill
Members of Congress from both parties have been pushing for a federal auto-IRA program through the Retirement Savings for American...
A ‘Slam Dunk’: 401(k) Auto-Portability Network Nears Live Date
A program starts in October giving plan sponsors the option for terminated small plans to automatically port to active 401(k)s...
Vanguard Expands Retirement Clearinghouse Eligibility to IRA Account Holders
The asset manager, which has partnered with the clearinghouse on 401(k) rollovers since 2021, is turning to forgotten IRAs.
The Portability Services Network, Explained
The network started by Retirement Clearinghouse has many of the largest recordkeepers signed up to coordinate on retirement plan portability....
Roundtable
SECURE 2.0 Insecurities
3 experts cite clients’ biggest concerns about the new retirement act.
Retirement Clearinghouse Issues Alert of IRA Data Breach
Firm alerts more than 10,000 people to watch out for identify theft after Social Security and IRA numbers may have...
Millennium Trust Will Add Auto-Portability to IRA Rollover This Year
The new functionality is intended to reduce retirement savings leakage and expand access to savings options.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Empower Joins Auto Portability Consortium
The Retirement Clearinghouse-led consortium now includes the country’s four largest recordkeepers.
Retirement Clearinghouse Partners with Fidelity, Vanguard and Alight on Auto-Portability
The Portability Services Network seeks to make it easier for participants to transfer retirement assets when they change plans.
Senators Introduce Bill to Make Auto-Portability Standard
Backers of the new bill say the legislation would cut red tape and help Americans who change jobs frequently keep...
Improving Outcomes | Plan Aggregation
The Full View
The merits of pulling in participants’ external financial information.
How Auto-Portability Can Address the Wealth Gap
Research shows workers who cash out their retirement plan savings could lose roughly 1.5 years of accumulated wages, but auto-portability...