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Modeling the Future of the Saver's Match Program
As the Saver’s Match Program must soon transition from legislative concept to operational reality, one question looms larger than any other: how will the Program operate at scale, in the real world, across tens of millions of people annually, thousands of institutions, and billions of federal dollars? Retirement Clearinghouse (RCH) offers a response to this question as we simulate a specific solutions model for the Saver's Match, examining its impact under four scenarios executed over a 10-year period. Download the full research report here.
Financial Literacy and the Power of Preservation
Writing in the RCH Consolidation Corner blog, Tom Hawkins shares his impressions from the 3/31/26 SPARK Champions for Financial Literacy event in Washington, DC, which kicked off Financial Literacy Month. Hawkins notes the impressive line-up of speakers, including policy headliners Kevin Hassett, Director, National Economic Council and Luke Pettit, Assistant Secretary of the Treasury for Financial Institutions, and many others – all sharing relevant personal and professional experiences that spoke directly to the transformative power of financial literacy. However, it was the address by RCH President & CEO Spencer Williams, whose laser focus on savings preservation and his passionate advocacy for the building out of a “neutral, industry-scale clearinghouse” that could wind up being the most consequential message delivered at the event. Williams’ full speech is included in the article.
The Saver’s Match Program is Missing a Crucial Component
Writing in the RCH Consolidation Corner blog, RCH president & CEO Spencer Williams examines the critical infrastructure that will be required to support the Saver's Match Program. When the program goes live in 2027, the volume of direct deposits from the U.S. Treasury into 401(k) plans and IRAs will require technology infrastructure that can handle millions of transactions on a timely basis every year. Every transaction will require locating a taxpayer’s retirement savings account, matching the identities of the taxpayer and accountholder, and transporting the contribution from the U.S. Treasury into the active account. That's why having the infrastructure in place to seamlessly, effectively, and securely facilitate the millions of Saver’s Match contributions will be essential to the program's success.
Building Out the Clearinghouse Our Retirement System Demands
On March 5, 2025, Retirement Clearinghouse (RCH) released a landmark whitepaper – Building Out Clearinghouse Services for the U.S. Retirement System: A Blueprint for a Digital Infrastructure. In this article, RCH's Tom Hawkins, a co-author of the paper, summarizes the high-level, compelling case for expanding the set of clearinghouse services beyond auto portability, and explains why this initiative is absolutely required in order to "create a retirement ecosystem that does what it should have done all along: protect workers’ savings as they move through their careers, not lose them along the way."
A Trifecta of Solutions to Close America’s Retirement-Savings Gap
RCH President & CEO Spencer Williams addresses a “trifecta” of retirement savings public policy solutions – Trump Accounts, the Saver’s Match and Auto Portability – which he characterizes as “transformational” initiatives, which “taken together, have the potential to incentivize retirement-saving opportunities for small-balance plan participants, thus significantly shrinking the existing wealth gap.” Williams cites the trillions in benefits associated with the three initiatives which “can, finally, resolve our country’s wealth gap over time.”
RCH Consolidation Corner Channel Ep. 19 - Three Retirement Initiatives That Could Help Close the Wealth Gap
Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of retirement savings. In this episode, we examine three retirement initiatives that could make significant contributions toward closing the nation’s wealth gap. We hope you’ll find the audio enjoyable and informative.
The Triple Crown to Unlock Retirement Security for All
In his 8/15/25 Consolidation Corner blog post, RCH’s Tom Hawkins writes about the “Triple Crown” of retirement security – three retirement savings public policy initiatives that are “poised to finally close” the retirement savings wealth gap. Each of the three initiatives – Auto Portability, the Saver’s Match and Trump Accounts – all share common features, targeting small-balance savers, delivering enormous public policy benefits and are made both efficient and effective by incorporating proven financial technology. Issuing a call-to-action for plan providers and plan sponsors, Hawkins writes: “now is the time to act” adding “every year spent in ‘wait and see’ mode means millions miss out, and the retirement gap grows.”
New Research Shines Light on the Saver’s Match Program
Writing in the RCH Consolidation Corner blog, Tom Hawkins puts two recent Saver’s Match research findings – one from Morningstar and the other from RCH – into perspective. The Morningstar research, authored by industry veteran Jack VanDerhei and Spencer Look, pegs the potential incremental retirement wealth generated by the Saver’s Match at $2.03 trillion. Another research effort, conducted by Retirement Clearinghouse, involves a discrete event simulation model of the Saver’s Match program, simulating specific technologies and operational solutions required to support the program. Together, writes Hawkins, “these two new research efforts…quantify overall Saver’s Match program benefits, and model the potential size, scale and operations of the program.”
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