Portable benefits are employee perks in an employer-sponsored plan that can transfer to a new employer or an individual leaving the workforce, covering health and retirement plans.

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Service providers would be permitted to charge a reasonable fee to transfer the assets of individual retirement account holders to a new employer-sponsored plan under a proposal published Friday by ...

We have noticed an increasing number of employers reaching out with questions about whether they should have their defined contribution plan join the auto-portability network. This new option, ...

RCH predicts the automatic transfer of small-balance retirement plan accounts could grow net incremental wealth by $1.6 trillion over the course of 40 years. Retirement Clearinghouse LLC, which runs ...

Summary — In Estate of Rowland v. Commissioner, the Tax Court held that estate tax returns filed solely to elect portability must still be complete and properly prepared. Even when no estate tax is ...

Spencer Williams is president and CEO of Portability Services Network, a retirement industry-led utility dedicated to the industry-wide adoption of auto portability. He is also the founder, president ...

Many CPAs are involved in representing estates of decedents who died in 2011 and 2012. In dealing with such estates, it is important to focus on the new Code provisions allowing portability of the ...

Opting out of the Portability Election. There are two ways to opt out of the portability election. First, the temporary regulations require the executor of an estate of a decedent with a surviving ...

On January 1, 2013, Congress passed the American Tax Relief Act of 2012 (“ATRA”), which President Obama signed on January 2, 2013. One of the key provisions of ATRA is to make permanent the so-called ...

A common financial mistake married farm couples make occurs when the first spouse dies, and the surviving spouse fails to “elect portability.” It’s a process by which any unused federal gift or estate ...

One of the most overlooked and misunderstood tax laws — available to married farming couples — is an opportunity called portability. When one spouse dies, the surviving spouse can make a portability ...