Auto Portability

More Good News on the Retirement Saving Front American Retirement Association's John Sullivan, writing in Napa Net runs down "good news" in the #retirement landscape, as reflected in Morningstar's 2025 Retirement Plan Landscape Report. Quoting Morningstar's Liam Mitchell, Sullivan writes that "referencing efforts to encourage widespread auto portability adoption, [Mitchell] said it 'bears watching in the coming years to see if they will help stem this flow'" of assets leaving the DC plan system. #AutoPortability #401k Read the full article: https://hubs.ly/Q03hC7-N0

Auto Portability Is Changing #Retirement—Here’s Why It Matters Now Join Advisorpedia podcast host Rebecca Hourihan as she sits down with industry experts Spencer Williams and Neal Ringquist from Retirement Clearinghouse (RCH) to explore the game-changing innovation of #AutoPortability. Discover how the Portability Services Network (PSN) is tackling the challenge of maintaining retirement savings as employees change jobs, what it took to bring this idea to life, and why it matters to the evolving mobile workforce. #401k Listen now: https://hubs.ly/Q03hzr6r0

On #EarthDay, Consider #AutoPortability to ‘Recycle’ 401(k) Savings On April 22nd, we celebrate the 55th annual Earth Day, and that gives RCH’s Tom Hawkins the opportunity to consider how the concept of recycling applies to our nation’s #401k system, which Hawkins characterizes as having a “waste problem” which manifests in the form of excessive cashout leakage and stranded accounts. By contrast, auto portability represents a sustainable solution that ‘recycles’ small-balance accounts, and its adoption is rapidly accelerating following the operational status of the Portability Services Network (PSN). #retirement Read the full article: https://hubs.ly/Q03hrMpc0

401k Real Talk Episode 148: April 16, 2025 In his recurring 401(k) Real Talk video series, Fred Barstein, Founder & CEO of The Retirement Adviser University (TRAU), covers the major 401(k) topics of interest to plan advisors. In this episode, Barstein reports on the December 2024 announcement from the Portability Services Network (PSN) regarding plan sponsor adoption. Barstein hails the accomplishment and gives substantial credit to "the Retirement Clearinghouse, led by Spencer Williams, [who] was the driving force behind the network" while individually naming each of PSN's member recordkeepers, adding that "membership is open to all recordkeepers." #401k #retirement #AutoPortability Watch the episode now: https://hubs.ly/Q03hCZTg0

This #401k Change Could Help 3 Million More Americans Afford #Retirement Adam Hardy, lead data journalist at Money, analyzes the recent Employee Benefit Research Institute (EBRI) issue brief that modeled the impact of three "automatic" defined contribution features - auto enrollment, auto escalation and #AutoPortability. By itself, the EBRI research finds that auto portability could reduce the retirement savings shortfall (RSS) by 11.4%, and if taken together with the other features "the benefits are compounded." Read the full article: https://hubs.ly/Q03hzqGJ0

RCH Consolidation Corner Channel Ep. 7 - Recycling #401k Accounts Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of #retirement savings. Today, we’ll be commemorating the 55th annual #EarthDay, and looking at how the concept of recycling applies to 401(k) auto portability. We hope you’ll find the audio enjoyable and informative. #AutoPortability Listen now: https://hubs.ly/Q03hr-hj0

RCH Consolidation Corner Channel Ep. 6 - Rethinking the Automatic Rollover IRA Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of retirement savings. Today, we’ll be examining the topic of “traditional” automatic rollover IRAs, which we believe will be rapidly eclipsed by #AutoPortability. We hope you’ll find the audio enjoyable and informative. Listen Now: https://hubs.ly/Q03h9j4K0

Transforming Retirement Savings with #AutoPortability (Ep.50) In episode 50 of The 401(k) Marketing Podcast, 401(k) Marketing's Rebecca Hourihan sits down with RCH's Spencer Williams and Neal Ringquist for a wide-ranging discussion on the "fascinating journey of auto portability from concept to critical mass." The three discuss the role of the Portability Services Network (PSN) and its collaboration with major record keepers, how shifting demographics and technology are reshaping #retirement savings behavior, navigating the mechanics of auto portability, and exploring the significant impact of auto portability on underrepresented communities and in reducing cash-out leakage. #401k Watch and listen now: https://hubs.ly/Q03gDp_c0

Recordkeepers Are the Key to PSN #AutoPortability Writing in PLANSPONSOR, RCH & PSN President Spencer Williams provides readers with a unique point-of-view on how auto portability works, from the perspective of industry adoption. Citing PSN's "remarkable success in its first year" with over 15,000 plans choosing to adopt the service, Williams describes the roles of recordkeepers and employers in stoking auto portability's accelerating adoption. Williams' piece also focuses on the importance of reciprocity between recordkeepers, regulatory compliance, cybersecurity and accountability -- and observes that "PSN auto portability is a balanced, complex, integrated and interdependent system." #401k #retirement Read the full article: https://hubs.ly/Q03gDr9w0

RCH Consolidation Corner Channel Ep. 5 - The Accelerating Adoption of #AutoPortability Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of retirement savings. Today, we’ll be examining the accelerating adoption of auto portability. We hope you’ll find the audio enjoyable and informative. Listen now: https://hubs.ly/Q03g7WTl0