Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
Automatically Moving Mandatory Distributions Forward
The mandatory distribution-to-Safe Harbor IRA plan feature as commonly utilized today was conceived in 2001 and launched in 2005 with good intentions, and for valid reasons. A mobile workforce, combined with a lack of retirement savings portability, had created a burgeoning problem for plan sponsors.
RCH in EBN: Safe Harbor IRAs Aren't Always Safe
RCH's Spencer Williams identifies fiduciary-friendly components of safe harbor IRAs that can help preserve retirement savings for former participants.
Safe Harbor IRAs Are Not Always Safe
Plan sponsors can help themselves and their participants over the long term by rolling balances of $5,000 or less from inactive participants into safe harbor IRAs. However, for various reasons discussed below, many safe harbor IRAs do not live up to their name and could leave sponsors with unexpected fiduciary liability.
RCH in EBN: How to Make Mandatory Distributions More Fiduciary Friendly
RCH's CEO Spencer Williams identifies four features that will deliver more-complete fiduciary protection for a mandatory distribution program, including auto portability.
How to Make Mandatory Distributions More Fiduciary Friendly
Mandatory distributions from employer-sponsored plans are a creation of regulation's specifically, a section of ERISA that allows plan sponsors to distribute accounts with less than $5,000 out of a qualified plan and into a safe harbor IRA.
PLANSPONSOR, PLANADVISER Address New RCH Research
PLANSPONSOR's Jill Cornfield reviews the latest research on America's Mobile Workforce from Retirement Clearinghouse and Boston Research Technologies.
Portability and the Mobile Work Force Webcast Recap
In conjunction with Boston Research Technologies, Retirement Clearinghouse (RCH) announced the findings of a groundbreaking research study on America's mobile workforce, providing insights into participant behaviors regarding retirement savings portability. The study offers plan sponsors with strategies to stem cashouts and to improve retirement outcomes.
RCH in EBN: Enhance Auto Enrollment with Auto Portability
In his latest Employee Benefit News article, RCH's CEO Spencer Williams contends that Auto Portability is Auto Enrollment's natural complement, particularly in high-turnover industries.
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