Media Coverage

RCH Consolidation Corner Channel Ep. 20 - Empirical Data Proves Portability Works

Welcome to yet another edition of the RCH Consolidation Corner Channel, our 20th episode thus far. We continue to provide you, the listener, with audio content that explores key issues in the preservation and consolidation of retirement savings. In this episode, we take a look at some very compelling real-world studies that prove that programs promoting retirement savings portability – and specifically auto portability – work extremely effectively to dramatically reduce cashout leakage. We hope you’ll find the audio enjoyable and informative.

Auto Portability: Meeting the Needs AND Wants of Participants

When American workers change jobs, the fate of their retirement savings is often left hanging in the balance – especially for those with accounts less than $7,000. But today, with the continuing adoption of auto portability via the Portability Services Network, the story is changing. Auto portability is now beginning to address the most pressing needs of small-balance participants: reducing cashout leakage, automating consolidation, and making the preservation of retirement savings the default, “easiest choice” – while also closely aligning with what participants want, as revealed in multiple, authoritative surveys.

Previously featured in RCH's Consolidation Corner

Proof Positive: Retirement Savings Portability Works

We’ve long known – through sophisticated models such as EBRI’s Retirement Security Projection Model (RSPM) and the RCH Auto Portability Simulation Model – that retirement savings portability has the potential to significantly reduce cashout leakage and to generate systemic benefits. But models, however sophisticated they may be, can be inherently less convincing than hard, empirical data. In this RCH Consolidation Corner article, Tom Hawkins provides readers with definitive, real-world empirical data proving that portability not only works – it works at scale – and will deliver consistent results over many years and for millions of job-changing participants.

Regulatory Roundup: Auto Portability

In this video episode of Fidelity's Regulatory Roundup, show host Tre Hearn and guest Katie Hutchinson, VP, Defined Contribution Product Platforms, dive into Auto Portability -- the game-changing solution that helps workers by simplifying the rollover process of their retirement savings when switching jobs. Topics covered in the video include:

• 00:18 What happens when a worker changes jobs and doesn't rollover their retirement savings to their new employer?
• 01:03 Which workers does this affect most?
• 01:17 Does the SECURE 2.0 Act provide a solution for workers moving jobs?
• 01:42 The Portability Services Network and Auto Portability
• 03:00 How do employers benefit from joining the Portability Services Network?

DOL Reg Agenda Includes New ESG, Fiduciary Rules, SECURE 2.0 Guidance

Writing in NAPA Net, Content Writer & Reporter Paul Mulholland covers the publication by the Department of Labor (DOL) of their updated Spring 2025 regulatory agenda, with approximately 20 guidance projects under the Employee Benefits Security Administration (EBSA) that are either in the pre-, proposed, or final rule stage. Of those projects, Mulholland notes "[t]he agenda indicated that the DOL will finalize a rule on auto-portability by Jan. 2026. It did not indicate if it would build on the Biden administration’s proposal from Jan. 2024."

Also featured in ASPPA Net

How Empower Is Helping To Strengthen Retirement Plan Portability

Financial advisor and private wealth guru Russ Alan Prince interviews Empower's Dave Gray, executive vice president of the firm's Enterprise Solutions group and a founding board member of the Portability Services Network (PSN). Prince and Gray engage in a wide-ranging discussion concerning the key role that is being played by auto portability, as delivered by PSN. In their discussion, Gray is an unabashed advocate of auto portability, and notes that "over 11,000 of the plans we work with have signed up" for the innovative service already, and adds that "as more time goes by, and due diligence is completed, we are seeing more and more large plan sponsors become comfortable enough as fiduciaries to add the auto portability service to their plans."

RCH Consolidation Corner Channel Ep. 19 - Three Retirement Initiatives That Could Help Close the Wealth Gap

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 this episode, we examine three retirement initiatives that could make significant contributions toward closing the nation’s wealth gap. We hope you’ll find the audio enjoyable and informative.

Auto Portability: Meeting the Needs AND Wants of Participants

When American workers change jobs, the fate of their retirement savings is often left hanging in the balance – especially for those with accounts less than $7,000. But today, with the continuing adoption of auto portability via the Portability Services Network, the story is changing. Auto portability is now beginning to address the most pressing needs of small-balance participants: reducing cashout leakage, automating consolidation, and making the preservation of retirement savings the default, “easiest choice” – while also closely aligning with what participants want, as revealed in multiple, authoritative surveys.