A new partnership between 401(k) administrators could preserve more than $1 trillion in retirement savings, helping tens of millions of workers in the U.S. keep more money in their 401(k) plans.

The three 401(k) administrators are Fidelity Investments, Vanguard, and Alight Solutions, which represent approximately 43.8 million workers across more than 48,000 employer-sponsored retirement plans, the three groups said in a statement. The new consortium will utilize Retirement Clearinghouse (RC),a service that provides account portability for retirement plans when workers change jobs.

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