Vanguard, Retirement Clearinghouse to offer automated plan transfers
The service is designed to encourage retirement savings and discourage workers from cashing out 401(k)s when they change jobs.
In a move to make transferring 401(k) plan assets easier when an employee changes jobs, Vanguard is introducing an automated portability service for sponsor clients and their plan participants. The service is expected to launch in mid-2022, the company said in a release.
Vanguard said it has enga
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