Five Reasons Why New 401k Auto Portability Legislation is So ...

Five Reasons Why New 401(k) Auto Portability Legislation is So Important · 1. It Promotes Good Retirement Savings Public Policy · 2. It Creates a More Durable ...

What You Need to Know About Auto Portability

Auto-enrollment, deferral, escalation and now portability—it's the latest in the “auto” revolution meant to make it as seamless as possible ...

4 Reasons Why 401k Auto Portability is Inevitable

No 1: 401k leakage is now well understood, acknowledged, and worse · No. 2: Auto portability has broad benefits · No. 3: Participants want auto ...

Information - Consolidation Corner Blog - 401k Cashouts - News

Five Reasons Why New 401(k) Auto Portability Legislation is So Important. Writing in the Consolidation Corner blog, Renee Wilder Guerin, RCH's EVP of Public ...

401k Auto Portability's Significant Benefits to Pending Legislation

We find that if you add auto portability to that, you get another 11 to 14 percent reductions in retirement deficits, depending on race,” ...

Secure 2.0 – Update and Analysis on New Retirement Plan Provisions

Automatic enrollment has proven to be successful at dramatically increasing contribution rates for plans struggling with participation – without ...

No more 401(k) plan 'leakage': SECURE 2.0 auto-portability now in ...

In addition, the new model projects that auto portability will grow net incremental wealth of American workers by $1.6 trillion, compared to a ...

An overview on Auto-portability in Retirement Plans

Moving your retirement savings between 401k plans is a pain. It often means you must make two separate distribution transactions and be hit ...

Policy changes look to reduce 401(k) plan 'leakage' - CNBC

Recent legislation and a new consortium of plan administrators ... Auto portability is essentially a “very large exchange mechanism ...

What's on Tap for the Next Retirement Plan Policy Bill? - ASPPA

Publish Date: · By: · Automatic Reenrollment · Startup Credit Boost for Micro Employers · ERISA Minimum Age Participation Requirement · Roth IRA ...

What Is SECURE Act 2.0: 10 Changes Your HR Team Needs to Know

Automatic enrollment and auto-portability are now the law of the land ... new employer's 401k retirement plan. While that is not new, it is ...

Secure Act 2.0 | What the new legislation could mean for you

For people years away from retirement ... 6. Automatic enrollment and automatic plan portability. The legislation requires businesses adopting new 401(k) and 403( ...

Auto-Portability: What it is, Why it's Needed, and How it Will ...

This approach would automatically transfer savings to active retirement plans with the new employers when workers are subject to mandatory distributions. The ...

401k auto portability: help for America's under-saved workers - Alight

“The goal of auto portability is to prevent the loss of an employee's 401(k) retirement funds before that participant nears retirement age.” As a result, the ...

Guide to SECURE Act 2.0 Auto-Enrollment Mandate | Paychex

Under the auto-enrollment provision, employers must enroll eligible employees automatically into any new 401(k) and 403(b) workplace retirement ...

SECURE 2.0 – Key Changes for Retirement Plans

Beginning in 2025, Sections 401(k) and 403(b) plans must include an automatic enrollment feature for eligible employees with a default elective ...

The SECURE Act of 2019 – An Analysis of Key 401(k) Changes

According to a recent Pew study, the top reason why small businesses do not sponsor a 401(k) plan today is cost. The SECURE Act's higher tax ...

SECURE 2.0 enshrines auto portability into law

In a move that experts say will reduce plan leakage, a new law codifies the auto portability process so that a worker's 401(k) plan can be ...

DOL Seeks Input on Auto Portability

The letter cites earlier research from EBRI contending that system-wide adoption of auto portability for all retirement balances could increase private-sector ...

Secure 2.0 Creates an Important Opportunity to Improve Retirement ...

Recent policy reforms, including the passage of the SECURE 2.0 Act in December 2022, now provide an opportunity to significantly improve retirement savings ...