Auto Portability Press Releases
Read Retirement Clearinghouse (RCH) press releases that feature auto portability.
PRESS RELEASE - Ricki G. Ingalls, Ph.D., Recognized Creator of Large-Scale, Data-Driven Logistics Systems, Joins RCH as COO
Retirement Clearinghouse (RCH) announces that Ricki G. Ingalls, Ph.D., recognized creator of large-scale, data-driven logistics systems, joins RCH as Chief Operating Officer, reporting directly to Founder, President, and CEO Spencer Williams. Mr. Ingalls previously worked with RCH to design the innovative Auto Portability Simulation (APS), demonstrating the positive impact of auto portability for defined contribution service providers, and the improved retirement outcomes for plan participants.
PRESS RELEASE - Robert L. Johnson Welcomes Department of Labor’s Advisory Opinion on Auto Portability
Robert L. Johnson, Founder and Chairman of The RLJ Companies and majority owner of Retirement Clearinghouse, applauds the U.S. Department of Labor for providing guidance to retirement plan sponsors, clearing the path to widespread adoption of auto portability and enabling millions of Americans to effortlessly preserve their hard-earned retirement savings as they change jobs.
On October 30th, 2018 Retirement Clearinghouse (RCH) announces another milestone reached, facilitating consolidations for over 155,000 retirement accounts, helping participants retain savings and achieve better retirement outcomes.
Boston Research Technologies and Retirement Clearinghouse have issued a joint press release announcing the key findings from a first-of-its-kind survey examining the retirement industry’s missing participant problem. The survey is the first to examine the problem from the perspective of the participant, offering unique insights into its various dimensions.
PRESS RELEASE - Participant Response Suggests Pent-Up Demand for Comprehensive Roll-In Solution for Small Accounts
Boston Research Technologies (BRT) studied the first 4 months of the initial launch of RCH Auto Portability with a large plan sponsor in the healthcare industry and documented the key findings. BRT validated several hypotheses related to participant distribution behavior at job change that reinforce the potential for auto portability to save retirement plan participants trillions of dollars in savings by reducing cash out leakage.
PRESS RELEASE - Auto Portability Goes Live: Solution Introduces First Automatic, End-to-End Processing of Rollovers into 401(k) Plans, Reducing Costs for Retirement Plans and Their Participants
Retirement Clearinghouse (RCH) has completed the industry's first fully-automated, end-to-end transfer of retirement savings from a safe harbor IRA into a participant's active account for a large plan sponsor in the healthcare services industry.
PRESS RELEASE - Washington, D.C. Forum Establishes Auto Portability as Leading Public Policy Initiative
The Employee Benefit Research Institute (EBRI) estimates that the current and coming generations of retirement savers would have an additional $2 trillion, in today’s dollars, at age 65 if auto portability is fully implemented.
In a 7/19/16 Press Release, Simio LLC and Retirement Clearinghouse (RCH) jointly announced the application of Simio simulation software to one of the most difficult-to-solve problems in the retirement industry: cashout leakage that occurs when employees change jobs.