Participants still support automatic portability of 401(k)s: survey

It's estimated that every year, $92 billion leaves the U.S. retirement system when job-changing participants prematurely cash out their 401(k) savings accounts.

By Alan Goforth | April 27, 2021 at 03:19 PM

hands holding nest and egg with 401k written on it

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.

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Participants still support automatic portability of 401(k)s: survey

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1 Between You and ICHRA: An Inside Look into Building a Successful HRA Strategy

2 401(k) contribution limit projections for 2025: Mercer, Milliman

3 Artificial Intelligence in Healthcare: Reducing Costs and Changing Lives

4 Cigna's Express Scripts sues FTC over 'defamatory' PBM report

Fidelity to limit 401(k) access by third parties: How advisors, fintech will be affected

'What about my nest egg?' With an eye on the election, Americans are worried about their 401(k)s

Retirement income and managed accounts are key 401(k) advisor trends: T. Rowe Price

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Participants still support automatic portability of 401(k)s: survey

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1 Between You and ICHRA: An Inside Look into Building a Successful HRA Strategy

2 401(k) contribution limit projections for 2025: Mercer, Milliman

3 Artificial Intelligence in Healthcare: Reducing Costs and Changing Lives

4 Cigna's Express Scripts sues FTC over 'defamatory' PBM report

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Fidelity to limit 401(k) access by third parties: How advisors, fintech will be affected

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