Auto Portability Press Releases
Read Retirement Clearinghouse (RCH) press releases that feature auto portability.
PRESS RELEASE - Retirement Confidence Survey Highlights Overwhelming Participant Support for Auto Portability
The 31st Annual Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research has found that nearly nine out of 10 workers with access to an employer-sponsored defined contribution plan view auto portability—the new 401(k) plan default feature automatically transferring small-balance retirement savings when participants change jobs—as a valuable benefit.
PRESS RELEASE - John Malone Partners with Bob Johnson to Help Minorities Increase Retirement Savings
Citing a “meeting of like minds,” John C. Malone, Chairman of Liberty Media Group, and Robert L. Johnson, Chairman of the RLJ Companies and the majority owner of Retirement Clearinghouse LLC (RCH), announced today that Mr. Malone has purchased a minority stake in RCH.
PRESS RELEASE - Alight Solutions to Lead Nationwide Launch of the Retirement Clearinghouse Auto Portability Program
Retirement Clearinghouse (RCH) welcomes the release of the U.S. Department of Labor’s (DOL) final Prohibited Transaction Exemption (PTE) for auto portability, issued July 31, 2019. In a press release, Robert L. Johnson, Founder and Chairman of The RLJ Companies and majority owner of Retirement Clearinghouse (RCH), along with RCH Founder, President and CEO Spencer Williams both voice their support for the DOL's guidance, which, along with their November 2018 Advisory Opinion, now completes the regulatory framework for 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.