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Auto Portability - Public Policy
Learn more about retirement savings public policy positions related to Auto Portability.
Two Retirement Public Policy Initiatives Moving Forward in 2018
Two retirement savings public policy initiatives – auto portability and the problem of missing participants – are very likely to see significant progress in 2018. Both initiatives enjoy strong bipartisan support, promise to streamline and strengthen America’s defined contribution system, and will preserve the retirement savings of millions of Americans by ensuring that their savings move forward when they change jobs.
Could this simple proposal help boost retirement savings?
In his 1/8/18 article in the Journal of Accountancy, Lou Carlozo examines auto portability, which has the potential to "impact the retirement plans of millions for the better." Carlozo details the progress auto portability is making with the Department of Labor, referencing the July 2017 letter from Senate Republicans. Carlozo extensively quotes RCH President & CEO Spencer Williams, as well as other industry experts, on the positive outlook for auto portability and its potential for solving the 401(k) "leakage" problem.
401k Specialist: Why Auto Portability Makes Everything Better
Great all by itself, auto portability also makes other retirement savings public policy initiatives a lot better.
What To Do About Missing 401k Participants
RCH's Tom Hawkins examines the American Benefits Council's recent letter to the Department of Labor, pointing out the Council's understanding of the root causes of missing participants.
Bringing Clarity to the Murky Problem of Missing Participants
The American Benefits Council delivered a letter to the Department of Labor (DoL), urging the DoL to act on the problem of unresponsive or missing participants.
Lawmakers Request Guidance for Auto-Portability of Retirement Savings
PLANSPONSOR's Rebecca Moore reports on the letter from US Senator Tim Scott, urging Labor Secretary Alexander Acosta to provide guidance on auto portability "as soon as possible."
Robert L. Johnson Applauds US Senator Tim Scott for Letter to Labor Secretary Acosta
Robert L. Johnson applauds U.S. Senator Tim Scott (R-SC) and ten Republican U.S. Senators for their letter urging U.S. Department of Labor Secretary R. Alexander Acosta to increase retirement savings opportunities for minority and working class Americans
NAPA Net: Senators to Urge DOL to Issue Guidance on Auto Portability
NAPA Net's Ted Gobbout reports that U.S. Sen. Tim Scott (R-S.C.) will deliver a letter to Labor Secretary Alexander Acosta, urging DOL guidance on auto portability.