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Vanguard deal shows momentum for easing 401(k) rollovers, portability


Auto-portability for 401(k) accounts could get a boost toward mainstream adoption because of a new deal by The Vanguard Group Inc. and Retirement Clearinghouse LLC, reports 401K Specialist. The deal would allow Vanguard to offer plan sponsors a new portability solution to simplify small-balance 401(k) rollovers, which can help more employees preserve their retirement savings.

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