By Thomas Hawkins | March 20, 2020

Looking for a quick primer on how auto portability works? Watch the video below, which walks you through the four-step process, including:

1. Worker changes jobs
2. Locate new worker's account
3. Match data
4. Savings follow worker

The video also introduces the key elements of communication received by participants, including:

1. Mandatory distribution letter (prior to automatic rollover
2. Welcome letter (after rollover to safe harbor IRA)
3. Consent letter (following the locate-and-match process)
4. Transfer notice (following the movement of funds into the new plan)

Enjoy!

Back