ARA-Supported Bipartisan Bill to Permit Roth IRA Rollovers Reintroduced
Legislation that would allow retirement savers to roll over their Roth IRA savings into a Roth account within a workplace retirement plan was reintroduced on Dec. 4. The bipartisan, bicameral Retirement Rollover Flexibility Act — which the American Retirement Association (ARA) has endorsed — would amend the Internal Revenue Code to specifically allow the transfer of contributions from Roth IRA savings accounts into a Roth 401(k), Roth 403(b), or Roth 457(b). The legislation, notes the ARA and its legislative sponsors, specifically promotes expanded portability for Roth IRA savings, with ARA CEO Brian Graff stating that the bill would "curb retirement savings leakage through seamless auto-portability, and ensure workers can carry their Roth savings with them as they move through their careers."
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7 New Stats on 401(k)s, IRAs: Fidelity
ThinkAdvisor's Michael Fischer reports on Fidelity's Q3 2025 report indicating that "average 401(k), IRA and 403(b) account balances reached new record highs in the third quarter." Another important finding in the report, writes Fischer, is "since October 2022, some 9,200 Fidelity 401(k) plans have adopted Auto Portability, resulting in $24 million in retirement savings preserved in the firm’s 401(k) plans." Fidelity is a founding owner-member of the Portability Services Network (PSN), dedicated to the widespread adoption of auto portability.
Amid An Affordability Crisis, Fidelity Says Americans Are Still Saving For Retirement
Financial Advisor Magazine covers Fidelity Investments' Q3 2025 retirement brief revealing that "consistent savings and positive stock market performance have driven the average balances in 401(k), IRA and 403(b) accounts to record levels in the third period." FA Mag's piece goes on to note that Fidelity "touted the rising popularity of its auto portability product for employees with small-balance retirement savings moving from one employer to another" -- referencing the rapidly increasing adoption of auto portability, as delivered via the Portability Services Network.
Fidelity Q3 2025 Retirement Trends Features Auto Portability Adoption
In Fidelity’s Q3 2025 quarterly analysis of savings behaviors and account balances for more than 52 million IRA, 401(k), and 403(b) retirement accounts, the firm reports significant growth in their defined contribution plan sponsor clients' adoption of auto portability, as delivered via the Portability Services Network (PSN), of which Fidelity is a founding owner-member. Fidelity reports that 9,200 plans representing 3.7 million active participants have elected to adopt auto portability thus far, figures that have received widespread and favorable coverage in retirement-focused media.
Fidelity Has Moved $24M from Old 401(k)s to New Ones
Ignites' Began Wilcox-Volz reports that "[m]ore than 9,200 retirement plans on Fidelity's recordkeeping platform have signed up for [auto portability delivered via] the Portability Services Network, which automatically transfers small 401(k) accounts from a worker's former employer to a new one, the firm disclosed Thursday." These plans represent about one-third of Fidelity's total plans, and Wilcox-Volz cites another statistic from Fidelity's report, that the firm "has 'enabled' the rollover of $24 million in retirement assets from one plan to another."
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Fidelity Reports Widespread Auto Portability Adoption for Retirement Savings
Fidelity Investments has reported that its auto portability service for small retirement savings -- delivered through the Portability Services Network (PSN) -- has been adopted by more than 9,200 Fidelity 401(k) plans, representing a significant percentage of their book of existing plan sponsor clients. The article quotes Katie Hutchinson, Fidelity's vice president of defined contribution product platforms, who discusses auto portability's beneficial impact on reducing cashout leakage.
Millions switching jobs — here’s the trick to make sure your retirement money follows you
Economic Times of India correspondent Shreya Biswas, Global Desk, jumps on the bandwagon of media outlets covering the rise of auto portability, as delivered by the Portability Services Network (PSN). Biswas features the latest announcement from Fidelity Investments, where the firm announces that "9,200 of its 401(k) plans have adopted" auto portability, "a sharp jump from about 6,000 plans a year ago." Biswas further reports that PSN "has built a national digital exchange that streamlines moving 401(k), 401(a), 403(b), and 457 balances when workers change jobs" and that auto portability will significantly decrease the prevalence of cashouts following a job change.
Retirement Account Balances Continue to Climb, Roth Savings Vehicles Gain Increasing Interest Among Younger Savers
The AI Journal reports on Fidelity's latest quarterly retirement report, which highlights trends in retirement savings. Fidelity's "analysis also spotlights the increasing adoption of 'Auto Portability' – an automatic rollover service for employees moving small retirement savings from one employer to another" and notes that "more than 9,200 Fidelity 401(k) plans have adopted Auto Portability" since the firm became a founding member of the Portability Services Network, a consortium of leading defined contribution recordkeepers.
