How Your 401k Plan Can Auto-Port Your Balance to a New Job

Episode 54 of The 401k Podcast with Fexingo explores auto-portability — a feature that automatically moves your old 401k balance to your new employer's plan when you switch jobs. Lucas and Luna break down how it works, why the Retirement Clearinghouse and major recordkeepers are rolling it out, and what it means for the roughly one in five workers who leave a job each year. They discuss the problem of 'leakage' — the billions in small account balances that get cashed out and taxed — and how auto-portability could help workers stay invested. The hosts also cover the regulatory green light from the Department of Labor in 2024 and adoption trends through mid-2026. A concrete walkthrough of a job-change scenario shows how the feature can save a typical worker thousands in lost compounding over a career. #AutoPortability #401k #RetirementSavings #JobChange #RetirementClearinghouse #DepartmentOfLabor #SmallBalances #Leakage #Rollover #Recordkeeper #Fiduciary #EmployerPlan #Portability #RetirementPlan #Finance #Investing #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo