Auto Portability Press Releases

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


Sep
21
2021

PRESS RELEASE - Vanguard and Retirement Clearinghouse to Offer Auto Portability Service to 401(k) Participants

VALLEY FORGE, PA (September 21, 2021)—Vanguard today announced plans to introduce an auto portability service for 401(k) sponsor clients and their participants. The firm has engaged Retirement Clearinghouse, LLC (RCH)—a leading provider of consolidation services for defined contribution plans and an RLJ Companies' majority owned company—to provide plan sponsors with a new portability solution to simplify small-balance 401(k) rollovers, help more employees preserve their retirement savings, and improve their chances of investment success. The service is expected to launch in mid-2022.

Jul
27
2021

PRESS RELEASE - Retirement Clearinghouse Completes $10B+ in Retirement Account Consolidations

In a 7/27/21 press release, RCH announces that the company has surpassed $10 billion in retirement account consolidations, which occur when two retirement savings are combined into one, saving participants time & money, while greatly reducing the odds that they will cash out, go missing or “forget” accounts left behind with previous employers. The $10 billion figure represents more than 290,000 account consolidations – a greater-than-threefold increase in consolidations in just six years – and includes initial results from the company’s auto portability program.

Jul
20
2021

PRESS RELEASE - Renée Wilder Guerin Joins Retirement Clearinghouse as Executive VP of Public Policy

In a 7/20/21 press release, RCH announces that Renee Wilder Guerin, former Director of the Federal Thrift Savings Plan, has joined Retirement Clearinghouse (RCH) as Executive Vice President of Public Policy, with responsibility to drive support for public policy matters aiming to preserve retirement savings and increase retirement security for all Americans. Ms. Wilder Guerin will be taking over the position from Tom Johnson, who is retiring.

Apr
22
2021

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.

Nov
16
2020

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.

Jul
13
2020

PRESS RELEASE - Alight Solutions to Lead Nationwide Launch of the Retirement Clearinghouse Auto Portability Program

In a press release, Retirement Clearinghouse (RCH) announces that Alight Solutions will lead the nationwide launch of the RCH Auto Portability program. Alight, a leading provider of next level human capital and business solutions, will offer RCH Auto Portability solution to its client base of 185 defined contribution plan sponsors serving nearly five million employees. The announcement identified three Alight clients who, among others, are already supportive of auto portability and included statements from RLJ Companies Founder & Chairman Robert L. Johnson, Alight Solutions Executive Vice President Alison Borland, and RCH President & CEO Spencer Williams.


Jul
31
2019

PRESS RELEASE - Final Exemption Completes Regulatory Framework for Auto Portability

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.

Feb
26
2019

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.

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