hands holding nest and egg with 401k written on it (Photo: Shutterstock)

In today’s highly mobile workforce, nearly nine in 10 employees with access to an employer-sponsored defined contribution plan consider auto-portability to be a valuable benefit. The 401(k) plan default feature automatically transfers small-balance retirement savings when participants change jobs.

“The findings of this year’s Retirement Confidence Survey clearly demonstrate that the vast majority of plan participants would welcome the opportunity to automatically move and consolidate their 401(k) savings when they change jobs,” said Spencer Williams, founder, president and CEO of Retirement Clearinghouse. “This very strong support for auto portability among participants has not budged over a span of six years.”

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