On 401kspecialistmag.com, identify the two main developments improving the outlook for small-balance retirement accounts. Additionally, find the specific name of the union 401(k) plan that Ron Surz considers an 'exemplary multiemployer 401(k) plan' and a 'poster child' for defined contribution plans. Provide both pieces of information.
Navigate to 401kspecialistmag.com. Use the search bar to search for 'small-balance retirement accounts'. Locate and click on the article titled 'Why the Future is Now Brighter for Small-Balance Retirement Accounts'. Read the article to identify the two key developments mentioned by Tom Hawkins. Return to the search bar and search for 'exemplary multiemployer 401(k) plan'. Locate and click on the article titled 'An Exemplary Multiemployer 401(k) Plan'. Read the article to find the full name of the union 401(k) plan described by Ron Surz. State the two 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). Both pieces of information are accurately extracted and provided.