Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
There is one topic that everyone in Washington, D.C. seems to agree upon: the importance of consolidation in protecting Americans' retirement security.
In Northern Trust's research entitled "The Path Forward: Defined Contribution Plans Can Achieve More" Auto Portability is identified as one of two key DC plan features that will positively impact DC plan performance.
"Make the smart decision the easiest decision" seems like an obvious goal for plan sponsors when designing participant-directed retirement plans, and it's certainly driven the rapid adoption of the autos auto enrollment, auto deferral escalation, and auto investment options, such as target-date funds and managed accounts.
RCH CEO Spencer Williams shares the results of over 300,000 individual decisions made by participants over an eight-year period. The results confirm that portability services are desperately needed to address the cashout leakage problem.
Does 401(k) Auto Portability really work? The answer -- according to RCH's Spencer Williams and Neal Ringquist -- is an emphatic "yes." In their joint article in 401KSpecialist, Williams and Ringquist point to the Auto Portability Simulation (APS) model to support their claims.
Time Sensitive! Open Immediately! A significant majority (65%) of participants will make their distribution decision within the first 365 days of their termination from their former employer.
RCH in 401K Specialist Magazine: Why Small Balance 401k Distributions Are Falling Through The Cracks
Cash-outs are at epidemic levels; Why are small 401(k)s getting swallowed?