Recent Developments

401(k) Plan-to-Plan Rollovers Hit $20B: Retirement Clearinghouse

Ignites' Beagan Wilcox-Volz covers the 12/16/25 announcement by Retirement Clearinghouse (RCH) that it has "moved $20 billion in assets from old accounts held through former employers' plans into new, active accounts or IRAs since 2009, when [the firm] was founded." Importantly, the article notes that "[t]he $20 billion milestone includes small 401(k) accounts moved by the Portability Services Network, an industry 'utility' established by Retirement Clearinghouse and six recordkeepers, which are founding owner members of the network — Alight, Fidelity, Empower, Principal, Vanguard and TIAA."

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RCH Hits Another Milestone in Preventing Retirement Savings Leakage

NAPA Net's Ted Godbout covers the news that Retirement Clearinghouse (RCH) has "hit another milestone" in its drive to bring portability and consolidation to America's defined contribution system by consolidating "more than 525,000 retirement savings accounts, encompassing more than $20 billion in assets into existing 401(k) or IRA accounts since its founding 16 years ago." Godbout notes the changing composition of consolidations, with recent volumes being influenced by assisted roll-ins performed for the Federal Thrift Savings Plan, as well as growing volumes from the Portability Services Network (PSN).

Also featured in PSCA News

More Than $20B, Across More Than 525.000 Accounts

The 401kWire's Selma Khenissi reports on the announcement from Retirement Clearinghouse (RCH) that it has consolidated over $20 billion in retirement assets, which represents "a doubling in four years." Khenissi's piece adds color to the news with quotes from RCH's Neal Ringquist, who speaks to the volumes recently contributed by the Portability Services Network (PSN) as well as the fact that these results represent "positive participant outcomes and plan metrics."

Retirement Clearinghouse Consolidates $20B in Assets

401k Specialist's Amanda Umpierrez covers the news that Retirement Clearinghouse (RCH) has surpassed $20B in retirement savings account consolidations. Umperriez quotes RCH President & CEO Spencer Williams, and notes the importance of the Portability Services Network (PSN) in recent and projected future growth of the firm's consolidation practice.

Retirement Clearinghouse Reports Consolidating $20B in Assets

PLANSPONSOR's Emily Boyle reports on the 12/16/25 announcement by Retirement Clearinghouse (RCH), writing that RCH "has consolidated more than 525,000 retirement savings accounts, comprising more than $20 billion in assets, into existing 401(k) or individual retirement accounts over the past 16 years." Important to the consolidation narrative and results, Boyle also notes that the Portability Services Network (PSN) "is a collaboration between RCH and six major recordkeepers—Alight Solutions, Vanguard, Fidelity Investments, Empower Retirement, TIAA and Principal Financial Group."

Also featured in PlanAdviser

Fidelity Q3 2025 Retirement Trends Features Auto Portability Adoption

In Fidelity’s Q3 2025 quarterly analysis of savings behaviors and account balances for more than 52 million IRA, 401(k), and 403(b) retirement accounts, the firm reports significant growth in their defined contribution plan sponsor clients' adoption of auto portability, as delivered via the Portability Services Network (PSN), of which Fidelity is a founding owner-member. Fidelity reports that 9,200 plans representing 3.7 million active participants have elected to adopt auto portability thus far, figures that have received widespread and favorable coverage in retirement-focused media.

Nearly 21,000 Plan Sponsors Have Adopted PSN Auto-Portability

PLANSPONSOR's Emily Boyle reports on the latest news from the Portability Services Network, the consortium of defined contribution plan recordkeepers who have championed auto portability. Boyles writes that "20,997 plan sponsors have elected to adopt automatic portability, as of September 30. The number reflects a 1,225-plan (6.2%) increase from the 19,772 plans reported as of June 30." Boyle's piece extensively quotes RCH EVP & Chief Revenue Officer Neal Ringquist, and also quotes Empower's Dave Gray from a prior interview.

Portability Services Network Expands Impact

Alera Group, the country's 15th largest broker, took to their Insights column to chronicle the recent success of the Portability Services Network (PSN) in onboarding 15,000 retirement plans representing over 5 million participants for the purpose of adopting auto portability. The Alera article quotes RCH & PSN Chairman Robert L. Johnson. who states ""auto-portability was conceived as an innovation to benefit minority and women savers, and it is immensely gratifying to witness its coming to fruition." The piece also cites RCH research, which estimates that auto portability "could save the retirement system $1.6 trillion over the course of 40 years."