Transfers: Companies could start automatically transferring small retirement accounts belonging to employees who change jobs to the 401(k) plans of their new employers, according to new guidance from regulators, The Wall Street Journal reports. The move is the latest effort to reduce the premature flow of money out of 401(k)-style plans. A pair of recent Labor Department actions would give Retirement Clearinghouse LLC of Charlotte, North Carolina, a green light to automatically transfer small balances of $5,000 or less to a new employer’s 401(k) plan, provided the employee doesn’t opt out. Read the full story.
Downtown cleanup delayed: A downtown clean up event has been postponed until Nov. 20 because of weather concerns. Kean Miller and a host of business are partnering with District Attorney Hillar Moore and the mayor’s office to clean up downtown. The organizers and volunteers they’ve recruited will meet at Galvez Plaza at 3:45 p.m. before fanning out on specific routes to pick up trash around downtown. After the cleanup is over, the “Downtown Green Army” will gather at Jolie Pearl. For more information visit their Facebook page.
Amazon’s split decision: Amazon has made official the decision to split its HQ2 location between Queens, New York, and to the Crystal City area of Arlington, Virginia., a Washington suburb, The New York Times reports. Amazon already has more employees in those two areas than anywhere else outside of its home base in Seattle. Read the full story.
