Pensionbee Group PLC

PensionBee announced that its Automatic Rollover IRA solution will be available to eligible T. Rowe Price retirement plan clients, allowing them to designate the offering as a force-out provider for small balances below the $7,000 threshold. This move addresses the growing issue of forgotten retirement accounts, with nearly $2 trillion in left-behind 401(k) wealth and over $43 billion projected to sit in Safe Harbor IRAs by 2030. Employers currently force out roughly $5 billion in sub-$7,000 balances annually, often into low-growth, high-fee accounts. T. Rowe Price's Core Market clients can review force-out providers through the portal at no additional cost, and PensionBee's offering will become available to large institutional clients in 2027.