Auto Portability Press Releases
Read Retirement Clearinghouse (RCH) press releases that feature auto portability.
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.
Retirement Clearinghouse, LLC welcomes the report issued by the Bipartisan Policy Center’s Commission on Retirement Security and Personal Savings which, among other proposals, recommends the adoption of processes that enable the seamless transfer of retirement savings between defined contribution plans when participants change jobs.
Retirement Clearinghouse, LLC will introduce a first-of-its-kind discrete event simulation at the 78th annual Employee Benefit Research Institute (EBRI) Policy Forum on May 12, 2016.
Robert L. Johnson, Founder and Chairman of the RLJ Companies and majority investor in Retirement Clearinghouse, LLC, welcomes President Barack Obama’s initiatives to enable more Americans to create a retirement nest egg, and make it easier for American workers to move their retirement savings into their new employers’ plans when they change jobs.
The WISER forum, held at the Capitol View Conference Center on September 30, 2015, attracted experts from government agencies, organizations advocating for women and the aging, the financial and retirement services communities, and policy groups. Attendees had the opportunity to learn about how auto portability