Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
RCH Consolidation Corner Channel Ep. 31 - The Participant Case for Auto Portability
In this
episode, we examine the case for auto portability, from the vitally important perspective
of plan participants. We hope you’ll find the audio enjoyable and informative.
The Recordkeeper Case for Auto Portability
Writing in the RCH Consolidation Corner Blog, Steve Holman, SVP of PSN Strategy & Development, lays out the case for auto portability from the perspective of defined contribution recordkeepers. Holman identifies four important reasons why auto portability is beneficial, including 1) delivering a positive ROI, 2) differentiating their value proposition, 3) industry collaboration & reciprocity and 4) strengthening the DC system by addressing the small account problem at scale. “Auto portability” concludes Holman, “is not simply an operational enhancement – it is a foundational capability for the future of defined contribution plans.”
The “Plumbing” Needed to Improve the Retirement Saving System
Writing in his Retirement Translator substack, Andy Eschtruth, Director of the Center for Retirement Research at Boston College, examines the longstanding requirement to establish "digital connections" to facilitate "moving money easily, accurately, and securely among various actors in the retirement savings system, including employers, recordkeepers, payroll providers, banks, the Treasury, and individuals." Eschtruth refers to this colloquially as "plumbing" and credits Retirement Clearinghouse (RCH) as being both a pioneer and a visionary in establishing auto portability and in advocating for a broader digital solution that would function as "as a shared utility that would be available to all actors and versatile enough to build once and use many times.”
The Participant Case for Retirement Plan Auto Portability
In the first follow-on article to his earlier piece The Plan Sponsor Case for Auto Portability, Steve Holman, Senior Vice President, PSN Strategy & Development makes the participant case for auto portability. Writing in PSCA, Holman explains auto portability’s beneficial impact on plan participants, which “helps participants avoid cashing out prematurely, keeps their savings invested, simplifies their financial life and builds a stronger retirement future.”
Busting 5 Key Myths About Auto Portability
Writing in 401K Specialist, Senior Vice President of Portability Services Network (PSN) Strategy and Development Steve Holman separates fact from fiction by examining five persistent "myths" concerning auto portability. Following his truth-telling, Holman observes that "the continued need to debunk myths about auto portability is actually a sign of how far the solution has come" and that "the conversation has shifted from whether auto portability can work to how quickly adoption will continue to grow."
The Participant Case for Auto Portability
In the first follow-on article to his earlier piece The Plan Sponsor Case for Auto Portability, Steve Holman, Senior Vice President, PSN Strategy & Development makes the participant case for auto portability. In this article, Holman explains auto portability’s beneficial impact on plan participants, which “helps participants avoid cashing out prematurely, keeps their savings invested, simplifies their financial life and builds a stronger retirement future.”
Exploring Auto Portability and the Future of Small Balance Accounts
NAGDCA Executive Director Matt Petersen sits down with Greg Long of Alight Solutions to discuss auto portability, a solution designed to help retirement savings follow participants as they change jobs and reduce leakage from small balance accounts.
Busting Five Key Myths About Auto Portability
Writing in the RCH Consolidation Corner blog, Senior Vice President of Portability Services Network (PSN) Strategy and Development Steve Holman separates fact from fiction by examining five persistent "myths" concerning auto portability. Following his truth-telling, Holman observes that "the continued need to debunk myths about auto portability is actually a sign of how far the solution has come" and that "the conversation has shifted from whether auto portability can work to how quickly adoption will continue to grow."
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