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Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
Moe Ansari talks 401k auto portability with Kerry Pechter, publisher of the Retirement Income Journal.
Quicken Loans' Dan Rafter discusses upcoming changes to 401(k) plans in 2018 with Edward Dressel, including auto portability.
401kWire's Cat Felle reports on the recently-released white paper by Boston Research Technologies.
On 11/7/17, Warren Cormier of Boston Research Technologies published a white paper “Making the Right Choice the Easiest Choice: Eliminating Friction and Leaks in America’s Defined Contribution System.” The key findings of the research confirm that auto portability is a winner, with significant pent-up demand in our defined contribution system.
Spencer Williams, from Retirement Clearinghouse, says the findings show the potential to preserve trillions of future retirement savings dollars for retirement plan participants through the widespread adoption of auto portability.
Results from the firm’s product use by one plan sponsor found that upon consolidation, workers' median plan account balance increased by 46% and the combined future value of their preserved savings was more than $3 million at normal retirement age.
In his latest byline in Employee Benefit News, RCH Founder, President & CEO J. Spencer Williams addresses the need for an industry-wide retirement infrastructure, in the form of a private-sector clearinghouse.
Small Accounts Continue to Plague Plans.