Media Coverage

Retirement account balances hit record highs as Millennials and Gen Z embrace Roth IRAs

InvestmentNews' Leo Almazora reports on Fidelity Investments' latest quarterly retirement report for Q3 2025, where "average 401(k) balances climbed to $144,400, representing a 5% jump from the previous quarter." Almazora also notes that the Fidelity report spotlights that a "trend gaining momentum is auto portability, an automated rollover service for workers changing jobs. Over 9,200 employer plans have adopted the feature since 2022, streamlining what has historically been an onerous process."

Retirement Savings Surge: Average 401(k) Balance Up, Setting New Record

NAPA Net's Ted Godbout reports on Fidelity Investments' latest Q3 2025 retirement analysis, which focuses on average 401(k), IRA and 403(b) account balances reaching new record highs. In that report, Godbout observes that Fidelity, who is a founding member of the Portability Services Network, "spotlights the increasing adoption of auto portability" where "more than 9,200 Fidelity 401(k) plans have adopted auto portability."

Why it's easier now to help job-changing Americans hang on to their savings

Writing in Yahoo Finance, Kerry Hannon examines the growing impact of auto portability at the nation's largest DC recordkeeper, Fidelity Investments, who, in a quarterly report, discloses that "9,200 Fidelity 401(k) plans have adopted auto portability" as delivered by the Portability Services Network, which has also announced overall adoption by over 21,000 plans, as of 9/30/25. Hannon characterizes these developments as a "big deal" which "has the potential to be a game changer for retirement savers." Hannon quotes Katie Hutchinson, Fidelity's vice president of defined contribution product platforms on Fidelity's efforts, while including a link to the RCH Cashout Calculator.

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Michael Kreps on 2025's Quiet Retirement Revolution: Trump Accounts, Saver’s Match, and More

Massena Associates conducts a wide-ranging interview with ERISA expert and industry thought leader Michael Kreps of the Groom Law Group, who offers his views on the current state and future direction of retirement savings. Kreps discusses the importance of recent public policy initiatives -- Trump Accounts, the Saver's Match and Auto Portability -- and their potential to fuel increased retirement wealth. With respect to Trump Accounts and the Saver's Match, Kreps states: “if we could build a clearinghouse-type structure to facilitate these two programs, we’d have the ability to use that infrastructure to do lots of stuff—facilitating portability, finding missing participants, reuniting people with their accounts. There’s all kinds of cool stuff we could do.”

Auto Portability | Helping Reduce 401(k) Leakage After Job Changes

Writing in their Insights blog, the Retirement Plan Advisory Group (RPAG) provides their plan advisor audience with an overview of auto portability. The piece nicely summarizes the problem of a mobile workforce and cashout leakage, and presents auto portability -- as delivered by the consortium of recordkeepers who formed the Portability Services Network -- as a solution to the problem, delivering "an extra $1.6 trillion in retirement savings over the next generation."

Top earners are saving more for retirement. Everyone else is saving less.

Writing in USA Today, personal finance reporter Daniel de Visé examines new retirement research from Dayforce with troubling findings, suggesting that "many American workers [are] losing ground on retirement savings between 2021 and 2024" while "top earners" have gained the most. De Visé turns to Matt Bahl, vice president and head of workplace solutions at the nonprofit Financial Health Network, who suggests that employers take advantage of several strategies, including "auto-portability, a mechanism that automatically transfers a retirement plan to a new employer when someone changes jobs."

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Millions lose out as job changes trigger involuntary 401(k) rollovers

Seeking Alpha's Rob Williams reports on the problems encountered by small-balance, job-changing participants who are involuntarily forced-out of their former employer's 401(k) plan and into safe harbor IRAs. Drawing upon the 11/15/25 article on the same topic by Anne Tergesen in the Wall Street Journal, Williams refers to comments by RCH & PSN CEO Spencer Williams, who leads the effort dedicated to reforming the longstanding practice through auto portability, which automatically moves these small-balance retirement balances forward.

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Forgotten 401(k) Accounts Are Costing Americans Billions in Lost Investment Gains

The Wall Street Journal's Anne Tergesen takes on the topic of left-behind 401(k) savings and the participant outcomes that occur when small-balance accounts are forced out in safe harbor IRAs, where they can languish in an environment characterized by high fees and sub-optimal investments. Tergesen turns to RCH and Portability Services Network (PSN) CEO Spencer Williams, along with Fiona Grieg of Vanguard (an owner-member of PSN), who provide their views on the problem, while Tergesen goes on to describe auto portability's emerging role in moving these balances forward within the 401(k) system.

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