The PSN Consultant Council
Retirement plan advisors and consultants play a critical role in shaping plan design, evaluating service providers, and influencing the retirement outcomes of millions of American workers. Recognizing the importance of this channel, the Portability Services Network (PSN) has established the PSN Consultant Council, a collaborative forum designed to strengthen industry dialogue, share insights, and advance understanding of auto portability.
The Council brings together senior consultant-relations leaders from leading retirement plan recordkeepers representing 63% of DC plan market share (by participants) to identify opportunities, address concerns, and create a more informed conversation around the benefits and implementation of auto portability.
Why the Council Was Created
As auto portability continues to gain momentum across the retirement industry, consultants and advisors increasingly find themselves evaluating its impact on plan sponsors, participants, fiduciary responsibilities, and retirement outcomes.
The Council was established to ensure that the consultant community has a direct voice in that discussion. Its mission is to serve as a central coordinating body that enables recordkeepers and PSN to engage more effectively with advisors and consultants while accelerating awareness and adoption of auto portability.
The Council is designed to:
- Improve education and understanding of auto portability
- Create an ongoing feedback loop between consultants and industry providers
- Identify and address common questions or objections
- Share research, data, and industry insights
- Foster collaboration around participant-focused retirement solutions
What Matters to Advisors and Consultants
The Council recognizes that advisors and consultants are often the most trusted strategic partners to retirement plan sponsors. Their perspectives help determine how new innovations are evaluated, adopted, and implemented across the marketplace.
For that reason, the Council is focused on helping consultants access:
- Clear, Objective Information: Members work together to provide accurate information about how auto portability operates, its regulatory framework, its participant protections, and its potential impact on retirement savings outcomes.
- Real-World Data and Evidence: The Council seeks to bring forward meaningful program results, adoption metrics, case studies, and research that can help consultants evaluate auto portability through an evidence-based lens.
- Direct Access to Industry Leaders: Through webinars, industry events, roundtables, and educational forums, consultants will have opportunities to engage directly with recordkeeper and PSN experts who are actively implementing auto portability solutions.
- A Voice in Future Development: The Council is committed to gathering feedback from the consultant community and using that input to improve education, communications, and industry engagement efforts.
Key Areas of Focus
The Council's initial priorities center on helping the advisor community better understand and evaluate auto portability while also creating stronger alignment across the industry.
These areas include:
- Consultant Education: Developing educational resources, presentations, training materials, and fact-based content that help advisors understand both the mechanics and benefits of auto portability.
- Industry Collaboration: Coordinating outreach efforts among participating recordkeepers and PSN to deliver more consistent messaging and resources to the consulting community.
- Objection Identification and Resolution: Understanding concerns raised by consultants and advisors, then developing credible responses supported by data, operational experience, and regulatory guidance.
- Thought Leadership and Advocacy: Creating opportunities for joint presentations, panel discussions, media engagement, and educational events that elevate awareness of retirement savings preservation and participant outcomes.
Join the Conversation
The future success of auto portability depends on broad collaboration across recordkeepers, plan sponsors, consultants, advisors, and industry stakeholders. The PSN Consultant Council was created to facilitate that collaboration and provide a structured forum where questions can be addressed, ideas can be exchanged, and solutions can be developed with participant outcomes at the center.
Whether you are evaluating auto portability for clients, seeking educational resources, or interested in participating in future Council initiatives, PSN welcomes your engagement as we work together to help more workers keep their retirement savings invested and connected to their long-term financial future.
Interested in learning more about auto portability or participating in future consultant-focused discussions?
- Contact PSN to access educational resources, upcoming events, and opportunities to engage with members of the PSN Consultant Council.
- Follow the Portability Services Network on LinkedIn.
- Register with PSN to receive periodic email updates
