A 12/8/22 @groomlawgroup-hosted webinar addressed the Portability Services Network, a retirement industry-led utility formed to accelerate the nationwide adoption of #401k#AutoPortability and included presenters from the founding recordkeepers. youtu.be/5LVq0FRDvPs
In an effort to reduce employees cashing out of retirement plans when they change jobs, a large 401(k) record-keeper is adopting a service that automatically transfers balances of $5,000 or less to a new employer’s plan wsj.com/articles/autom… via @WSJ
"The beauty of this is all workers benefit, minority workers particularly benefit," says RLJ Companies Chair Robert Johnson on solutions to protecting your 401(k). "We can come together to solve an economic crisis called retirement savings."