Identify the two key developments improving the outlook for small-balance retirement accounts, as discussed by Tom Hawkins. Additionally, find the name of the union 401(k) plan that Ron Surz describes as an 'exemplary multiemployer 401(k) plan' and a 'poster child' for defined contribution plans on 401kspecialistmag.com.
Navigate to 401kspecialistmag.com. Use the website's search function to find the article titled 'Why the Future is Now Brighter for Small-Balance Retirement Accounts'. Click on the article and read it to identify the two key developments mentioned by Tom Hawkins. Use the website's search function again to find the article titled 'An Exemplary Multiemployer 401(k) Plan'. Click on the article and read it to find the name of the union 401(k) plan mentioned by Ron Surz. State the identified developments and the plan name.
The two key developments identified by Tom Hawkins are: 1) Large-scale, industry-led action on auto portability, and 2) Proactive steps being taken by leading providers to consolidate legacy small-balance IRAs. The name of the union 401(k) plan described as 'exemplary' by Ron Surz is the Office and Professional Employees International Union (OPEIU) National Retirement Savings Plan (NRSP).