Businessman putting belongings in a box at work

Vanguard Moves to Automatically Transfer Small 401(k) Balances

October 4, 2021

Engaging Retirement Clearinghouse should markedly reduce leakages and increase saving. Rejoice! Vanguard has hired Retirement Clearinghouse LLC to automatically transfer small balances from one 401(k) plan to another. This is a win for Vanguard and its customers, for Retirement Clearinghouse, which has been working on this project for many years, and for the retirement system…

Cargo Pallet Boxes Wrapped Plastic on Pallet with Hand Pallet Truck

401(k) Accounts Need to Be Easier to Move from Job to Job

MarketWatch Blog by Alicia H. Munnell

May 31, 2017

These accounts must be more portable. When participants change jobs, they have four options with regard to their 401(k) assets: (1) leave balances in the previous employer’s plan; (2) roll over balances to the new employer’s plan; (3) roll over balances to an Individual Retirement Account (IRA); or (4) cash out. In some cases, t…