Workplace Plan Portability Network Supports 5M Participants
One year after launch, the network to transfer stranded workplace balances between participating recordkeepers is live with about 15,000 plans.
Tag: retirement plan leakage
HBCU Employees Lag Behind in Retirement Assets
Due to lower levels of participation and contributions, conservative investing and retirement plan leakage, employees at historically Black colleges and...
Portability Services Network Officially Launches
The launch comes about a year after the program was announced in 2022, with the goal of capturing lost or...
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Protecting Workers’ Retirement Savings
How 401(k) loan insurance can maximize the power of automatic portability.
Auto-Portability Solutions Show Signs of Growth
Principal Financial Group announced it has joined the Portability Services Network, and Millennium Trust has begun testing its own open...
TIAA Joins Major Recordkeepers in Portability Services Network
The Retirement Clearinghouse, focused on the portability of retirement savings, continues to expand.
Understanding Retirement Plan Leakage Triggers and Costs
Participants have numerous reasons for taking a pre-retirement distribution.
Despite Challenging Year, CRDs and Plan Leakage Were Sparse
Recordkeepers say they saw low uptake for coronavirus-related distributions and loans, a stark contrast from what was predicted when the...
PSNC 2019: Discouraging Plan Leakage
Speakers on a panel at the 2019 PLANSPONSOR National Conference offered new ideas for reducing leakage from defined contribution (DC)...
CRR Offers Retirement Policy Suggestions to the DOL
A report to the Department of Labor recommends strategies to enhance portability, reduce plan leakage and protect transfers from employer...