For industry-watchers accustomed to the glacial pace of change in America’s retirement system, auto-portability represents an idea whose time has finally come. (Photo: Shutterstock)

With the announcement of the Department of Labor’s recent actions, auto-portability has taken center stage in the retirement industry.

While auto-portability has been well-known to a relatively small group of industry insiders, its recent, widespread coverage in the media has many asking the question “What is auto-portability?”

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