Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
Lost 401(k)s are costing employees: How employers can help with rollovers
EBN's Lyn Cavanaugh, interviewing Mindy Yu, Director of Investing, Betterment at Work, discuss the topic of "lost 401(k)s" and how employers can assist former employees with moving their retirement savings forward. Addressing the topic of auto portability, Wu states that "employers can take a more proactive role by....partnering with platforms that support...auto-portability...[to] reduce the chance that savings go missing in the first place."
Improving Retention By Supporting 401(k) Account Consolidation
Writing in Wealth Solutions Report, Spencer Williams -- the CEO of both the Portability Services Network and Retirement Clearinghouse (RCH) -- characterizes the "opportunity for advisors" represented by auto portability, which improves the retention of assets in the 401(k) system. Aside from the benefits enjoyed by participants who preserve their savings, auto portability, writes Williams, "creates two-way flows for participants’ savings" and in so doing, allows "more assets to flow into the plans sponsored by advisors’ 401(k) clients through automated roll-in contributions."
Explaining fiduciary obligations for 401(k) consolidation
In his latest opinion piece in Employee Benefit News, RCH Founder, President & CEO Spencer Williams discusses the fiduciary obligations of auto portability, "the process powering 401(k) account consolidation" and seeks to assuage lingering fiduciary concerns associated with "proposed regulations....issued on January 29, 2024 by the U.S. Department of Labor (DOL)." Williams contends that the DOL's regulations do not override fiduciary responsibilities as set forth in the DOL's 2018 Advisory Opinion, or contained in "the regulatory framework for automated portability transactions already in the SECURE Act 2.0."
Hoosiers might have thousands of dollars in unclaimed 401(k) accounts. How you can easily check
Daniel de Vise, writing in the IndyStar, examines the phenomenon of "missing money" in the nation's retirement system. The author examines multiple approaches for finding forgotten retirement savings account, including dedicated websites, the newly-established Retirement Savings Lost & Found, and personal sleuthing. Perhaps saving the best for last, de Vise turns to auto portability, writing: "[f]ewer 401(k)s will go missing in future, experts say, thanks to the evolving concept of "auto-portability" in retirement plans" embraced by the Portability Services Network (PSN). de Vise wraps up his piece by quoting AARP's David John, who states that PSN will make sure that retirement funds “move seamlessly from one job to another."
Why Preserving Small Balances Matters (and How Auto Portability Helps)
The preservation of small-balance 401(k) accounts – particularly those under $7,000 and subject to 401(k) plans’ automatic rollover provisions – represents an important challenge for America’s retirement system. In his 7/11/25 opinion piece in 401k Specialist, RCH's Tom Hawkins examines four compelling arguments for the importance of preserving small balances, while demonstrating how auto portability, as delivered by the Portability Services Network (PSN), can help achieve this goal.
In Light of Evolving Regulations, What are Plans Sponsors’ Fiduciary Obligations with Regard to Account Consolidation?
In his latest opinion piece, RCH Founder, President & CEO Spencer Williams discusses the fiduciary obligations of auto portability, "the process powering 401(k) account consolidation" and seeks to assuage lingering fiduciary concerns associated with "proposed regulations....issued on January 29, 2024 by the U.S. Department of Labor (DOL)." Williams contends that the DOL's regulations do not override fiduciary responsibilities as set forth in the DOL's 2018 Advisory Opinion, or contained in "the regulatory framework for automated portability transactions already in the SECURE Act 2.0."
RCH Consolidation Corner Channel Ep. 16 - Auto Portability and Cybersecurity
Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of retirement savings. In episode 16, we examine the topic of retirement savings cybersecurity, and how auto portability, through the process of consolidation, is beginning to make an important contribution. We hope you’ll find the audio enjoyable and informative.
Americans are better than ever at saving for retirement, Vanguard says
Writing in Quartz, Emily Price dissects Vanguard’s new “How America Saves 2025” report, which finds that American workers are contributing at all-time highs to their 401(k)s, thanks to smarter plan design and professional investment strategies. Despite the overall optimism, Price notes there are areas where "Americans still struggle." Price writes that job changes "continue to disrupt savings momentum, according to the report" and "rolling over 401(k) funds can be a difficult process that leads to lost accounts or cash-outs. Proposed auto-portability measures could someday help by automatically transferring retirement balances to new plans, potentially adding hundreds of thousands of dollars to a worker’s lifetime retirement wealth."
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