Auto Portability's Foundational Research
Auto portability is supported by a broad base of empirical research that clearly demonstrates the problems facing American workers (job-changing, systemic friction and 401k cashout leakage) as well as the solution: moving retirement savings forward when participants change jobs.
A study of 401(k) savings disparities across racial and ethnic groups, clearly indicating that minorities are disproportionately impacted by cashout leakage.
A 2011 Aon Hewitt leakage study indicates high levels of cashout leakage in America's defined contribution plans.
Important research by Fidelity, America's largest defined contribution recordkeeper: "Plugging the leaks in the DC system: Bridging the gap to a more secure retirement" points the way to policy changes and to auto portability.
The GAO releases their 2009 study on 401(k) cashout leakage, entitled: 401(K) PLANS: Policy Changes Could Reduce the Long-term Effects of Leakage on Workers' Retirement Savings.