The Department of Labor's Employee Benefits Security Administration is proposing regulations intended to enhance the security of workers' retirement savings by providing a regulatory framework for automatic portability transactions. An automatic portability transaction involves a mandatory distributions from a retirement plan of benefits with a value of less than $7,000 to an IRA established on behalf of an individual when the individual leaves a job which are transferred to an eligible plan sponsored by the new employer when individual gets a new job. Automatic portability programs help worker retirement security by protecting against losing retirement savings when employees change jobs.
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- Michael Ravnitzky
January 29, 2024 - Rob Massa
February 26, 2024 - U.S. Chamber of Commerce
Chantel Sheaks
March 27, 2024 - J.M. (Jack) Towarnicky
March 27, 2024 - The ERISA Industry Committee
Andy Banducci
March 28, 2024 - AARP
David Certner
March 28, 2024 - Securities Industry and Financial Markets Association (SIFMA)
Lisa F. Bleier
March 28, 2024
- Inspira Financial Trust, LLC
John Perugini
March 29, 2024 - American Benefits Council
Lynn Dudley
March 29, 2024 - Portability Services Network, LLC and its Members: Retirement Clearinghouse LLC; Fidelity Workplace Services, LLC; Alight Solutions, LLC; The Vanguard Group, Inc.; Empower Retirement LLC; Teachers Insurance and Annuity Association of America; Principal Life Insurance Company
March 29, 2024
- Insured Retirement Institute
Emily Micale
March 29, 2024 - American Retirement Association
March 29, 2024 - Anonymous
March 29, 2024