Auto Portability Press Releases

Read Retirement Clearinghouse (RCH) press releases that feature auto portability.


Nov
12
2018

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.

Oct
30
2018

PRESS RELEASE - RCH Exceeds $4 Billion in Account Consolidations

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.

Mar
13
2018

PRESS RELEASE - First-of-its-Kind Survey Sheds New Light on Missing Participant Problem

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.

Nov
07
2017

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.

Jul
25
2017

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.

Apr
05
2017

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.

Jul
19
2016

PRESS RELEASE - Simio, RCH jointly announce the application of Simio simulation software

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.

Jun
16
2016

PRESS RELEASE - Bipartisan Policy Center Calls for Improved Portability to Curb Cash-Out Leakage

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.

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