We have noticed an increasing number of employers reaching out with questions about whether they should have their defined contribution plan join the auto-portability network. This new option, ...

Editor’s note: Today the DataPortability Project announces PortabilityPolicy.org – the result of a 16 month effort that it hopes the industry will embrace. This guest post explains what a Portability ...

Summary — In Estate of Rowland v. Commissioner, the Tax Court held that estate tax returns filed solely to elect portability must still be complete and properly prepared. Even when no estate tax is ...

RCH predicts the automatic transfer of small-balance retirement plan accounts could grow net incremental wealth by $1.6 trillion over the course of 40 years. Retirement Clearinghouse LLC, which runs ...

Opting out of the Portability Election. There are two ways to opt out of the portability election. First, the temporary regulations require the executor of an estate of a decedent with a surviving ...

Many CPAs are involved in representing estates of decedents who died in 2011 and 2012. In dealing with such estates, it is important to focus on the new Code provisions allowing portability of the ...

Spencer Williams is president and CEO of Portability Services Network, a retirement industry-led utility dedicated to the industry-wide adoption of auto portability. He is also the founder, president ...

Have you ever wondered why so few participants move their old 401(k)s into their current employer’s plans? Or why so many participants prematurely cash out their retirement savings accounts, ...

On January 1, 2013, Congress passed the American Tax Relief Act of 2012 (“ATRA”), which President Obama signed on January 2, 2013. One of the key provisions of ATRA is to make permanent the so-called ...

Seamless plan-to-plan savings portability is still a pipe dream for much of America’s highly mobile workforce. Processing Content The cumbersome and costly nature of DIY portability has made ...

Greg Long is head of public policy and the defined contribution public sector leader at Alight Solutions, one of the nation’s largest retirement plan recordkeepers. He previously served as executive ...

The digital automatic portability network of the nation’s six largest recordkeepers is now live, with Alight Solutions, Vanguard and Fidelity all onboarding plan sponsors. The Portability Services ...