How Does Auto Portability Work? Watch the Video.

By Thomas Hawkins
Published on March 20, 2020

How AP Works Blog ImageLooking 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!


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