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Fidelity Collaborates with Retirement Clearinghouse to Implement Auto-Portability for 2.2M Participants

Dec 05, 2024over 1 year ago

Contract Type

agreement

Description

Fidelity Investments has implemented automatic portability for plan sponsors as part of its retirement report for the third quarter. The auto-portability feature is designed to prevent workers from cashing out their 401(k) savings during job changes, in an attempt to limit taxes, penalties, and diminished retirement funds.

Company Information

Company

Fidelity Investments

Location

Salem Street

About

//www.fidelity.com/aboutfidelity/our-company.

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