Portability Services Network, LLC (PSN), is an independent, industry-led utility which utilizes the Retirement Clearinghouse (RCH) auto portability solution to build a nationwide, digital hub connecting workplace retirement plan recordkeepers and the plan sponsors they serve that elect the auto portability service.

For PSN member recordkeepers and the plans that have elected the auto portability solution, PSN acts as a clearinghouse for automatically locating a participant’s active 401(k), 401(a), 403(b) or 457 account in their current employer’s plan and transferring the same participant’s account (under $5,000, increasing to $7,000 effective 12/31/23) from their prior employer’s plan into their active account.

With Alight, Empower, Fidelity, Principal, TIAA and Vanguard as founding owner-members, PSN currently represents approximately 82 million workers across more than 185,000 employer-sponsored retirement plans, based on data published by Pensions & Investments. The founding owner members, including RCH, encourage other recordkeepers to join the PSN, as growth of the network will only help to strengthen its ability to minimize cash out leakage and improve retirement outcomes for America’s under-served and under-saved workers by creating even more opportunities to match participants with the workplace retirement accounts at their previous employers.

PSN: A Retirement Industry-Led Utility

PSN Quick Connect