On 401kspecialistmag.com, identify two key developments that are improving the outlook for small-balance retirement accounts. Also, find the full 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. Navigate to the 'Topics' section of the website. Locate and open the article discussing improvements for small-balance retirement accounts. Read the article to identify the two key developments mentioned. Return to the 'Topics' section. Locate and open the article discussing an 'exemplary multiemployer 401(k) plan' by Ron Surz. Read the article to find the full name of the union 401(k) plan. State the two developments and the plan's full name.
The two key developments identified 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 full name of the union 401(k) plan is the Office and Professional Employees International Union (OPEIU) National Retirement Savings Plan (NRSP). Both pieces of information are accurately extracted and provided in the final answer.