Retirement Clearinghouse Notes 4 Key Findings on Auto-Portability
RCH predicts the automatic transfer of small-balance retirement plan accounts could grow net incremental wealth by $1.6 trillion over the...
Tag: retirement plan leakage
Portability Services Network Goes Live
The digital automatic portability network of the nation’s six largest recordkeepers is now live, with Alight Solutions, Vanguard and Fidelity...
How to Best Protect Workers’ Retirement Savings
Plan sponsors can utilize 401(k) loan insurance to maximize the power of automatic portability and protect workers’ savings, according to...
Millennium Trust Will Add Auto-Portability to IRA Rollover This Year
The new functionality is intended to reduce retirement savings leakage and expand access to savings options.
The Potential Impact of 401(k) Loan Default Protection
Research from the Employee Benefit Research Institute shows 401(k) plan loan defaults that occur as a result of job changes...
The Biggest Retirement Plan Leakage Triggers and Costs for Participants
The paper finds that about 25% of contributions by pre-retirement-age individuals leaked between 2003 and 2005, and that this increased...
Improving Outcomes | Emergency Funds
Life Happens
When participants have no choice but to draw from their retirement plan.
The Year in Hardship Withdrawals and Leakage
Recordkeepers say their worst fears about plan leakage during 2020 have not come to pass, and in fact, the vast...
What Constitutes Retirement Plan Leakage, Really?
Depending on how exactly one defines the term, estimates of 'leakage' from defined contribution retirement plans vary considerably.
Addressing Plan Leakage with Sidecar Accounts
Bipartisan legislation has been introduced in the Senate to address retirement plan leakage; among the opportunities being discussed by industry stakeholders is the use of “sidecar” emergency savings...
CRR Makes Recommendations for Improving Retirement System
In a letter to the Department of Labor, researchers for the Center of Retirement Research at Boston College make policy recommendations to address defined contribution plan portability and...