Media Coverage

Fidelity Reports Widespread Auto Portability Adoption for Retirement Savings

Fidelity Investments has reported that its auto portability service for small retirement savings -- delivered through the Portability Services Network (PSN) -- has been adopted by more than 9,200 Fidelity 401(k) plans, representing a significant percentage of their book of existing plan sponsor clients. The article quotes Katie Hutchinson, Fidelity's vice president of defined contribution product platforms, who discusses auto portability's beneficial impact on reducing cashout leakage.

Millions switching jobs — here’s the trick to make sure your retirement money follows you

Economic Times of India correspondent Shreya Biswas, Global Desk, jumps on the bandwagon of media outlets covering the rise of auto portability, as delivered by the Portability Services Network (PSN). Biswas features the latest announcement from Fidelity Investments, where the firm announces that "9,200 of its 401(k) plans have adopted" auto portability, "a sharp jump from about 6,000 plans a year ago." Biswas further reports that PSN "has built a national digital exchange that streamlines moving 401(k), 401(a), 403(b), and 457 balances when workers change jobs" and that auto portability will significantly decrease the prevalence of cashouts following a job change.

Retirement Account Balances Continue to Climb, Roth Savings Vehicles Gain Increasing Interest Among Younger Savers

The AI Journal reports on Fidelity's latest quarterly retirement report, which highlights trends in retirement savings. Fidelity's "analysis also spotlights the increasing adoption of 'Auto Portability' – an automatic rollover service for employees moving small retirement savings from one employer to another" and notes that "more than 9,200 Fidelity 401(k) plans have adopted Auto Portability" since the firm became a founding member of the Portability Services Network, a consortium of leading defined contribution recordkeepers.

A Third of Fidelity 401(k)s Have Adopted Auto Portability

401k Specialist's Managing Editor Brian Anderson reports on Fidelity Investments' Q3 2025 retirement report, zeroing in on the surge in plan sponsor adoption of auto portability. Anderson writes this about one particularly striking statistic in the report: "[t]he 9,200 plans that have adopted auto portability equates to slightly over one-third of the 26,500 corporate defined contribution plans Fidelity reported having."

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.”