Portability and individuals’ choice of where to move funds has always been part of our automatic rollover solution. Now, individuals can digitally transfer their retirement funds from one account to another.
Use active portability now
Test auto portability today
Former participants can connect to their new employer-sponsored retirement plan with this optional automatic rollover feature that will go live Jan. 1, 2024, when the new SECURE 2.0 Act provision goes into effect.
Welcome to our open network
Welcome to our open network
Our portability network is open to everyone – recordkeepers, automatic rollover providers, other portability networks – and provides flexibility and choice to our business partners and individuals. We’ve designed it this way to maximize the positive impact for everyone.
Digitized, simplified processes
Saving everyone time, resources, and frustration with easier transfers between retirement accounts.
Flexible, open architecture
Connecting all types of providers across the industry, maximizing reach and impact to reduce retirement savings leakage.
Active portability
Giving individuals the ability to decide what to do with their retirement savings with a simple digital experience and digital transfers that improve long-term financial outcomes.
Auto portability
Serving people who are not as actively engaged with their retirement savings decisions.
Latest portability news
July 6, 2023
Testing begins for Millennium Trust’s new open portability network
First announced in April, Millennium Trust’s new open portability network eliminates the friction and hassle of moving money within the retirement system by digitizing the transfer process. It enables both auto portability and active portability within one network.