Auto portability is the routine, standardized and automated movement of an inactive participant’s retirement account from a former employer’s retirement plan to their active account in a new employer’s plan.
By dramatically reducing cash outs and improving retirement readiness, auto portability will deliver broad benefits to America’s defined contribution system, its participants and to the entire American economy.
But who benefits from auto portability, and how?
The post Who Wins With 401k Auto Portability? appeared first on The 401(k) Specialist.
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