Media Coverage

How Empower Is Helping To Strengthen Retirement Plan Portability

Financial advisor and private wealth guru Russ Alan Prince interviews Empower's Dave Gray, executive vice president of the firm's Enterprise Solutions group and a founding board member of the Portability Services Network (PSN). Prince and Gray engage in a wide-ranging discussion concerning the key role that is being played by auto portability, as delivered by PSN. In their discussion, Gray is an unabashed advocate of auto portability, and notes that "over 11,000 of the plans we work with have signed up" for the innovative service already, and adds that "as more time goes by, and due diligence is completed, we are seeing more and more large plan sponsors become comfortable enough as fiduciaries to add the auto portability service to their plans."

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.

Auto Portability: Meeting the Needs AND Wants of Participants

When American workers change jobs, the fate of their retirement savings is often left hanging in the balance – especially for those with accounts less than $7,000. But today, with the continuing adoption of auto portability via the Portability Services Network, the story is changing. Auto portability is now beginning to address the most pressing needs of small-balance participants: reducing cashout leakage, automating consolidation, and making the preservation of retirement savings the default, “easiest choice” – while also closely aligning with what participants want, as revealed in multiple, authoritative surveys.

Retirement Planning In 2025: What’s On People’s Minds

Contributor Jamie Hopkins takes stock of the state of retirement planning in 2025, noting the "shaky" sentiment amongst retirement savers, while offering those savers four "smart moves" to consider as they continue their retirement journey. Included in Hopkins' recommendations is wise advice to "consolidate your accounts" so that "changing jobs over the years [does not] leave you with scattered retirement accounts." To support consolidation, Hopkins observes that "new services like 'Auto Portability' are making this even simpler for small balances."

RCH Consolidation Corner Channel Ep. 18 - Engaging Unresponsive Participants in Retirement Plans

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 the topic of unresponsive participants in retirement plans. We hope you’ll find the audio enjoyable and informative.

New Research Shines Light on Saver’s Match Potential

Writing in 401k Specialist Magazine, 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.”

Previously featured in the RCH Consolidation Corner Blog

Here's why an alarming number of workers cash out 401(k) plans

Writing in USA Today, journalist Daniel de Vise addresses the 401(k) system's cashout leakage problem, turning to a variety of industry experts, including representatives from Vanguard and Fidelity, who address the magnitude of the problem as well as many of the systemic and behavioral issues that drive cashout decisions. Pivoting off a quote from AARP's David John, de Vise closes his piece by focusing on auto portability, and cites the Portability Services Network consortium, where "most big retirement-plan providers participate in the [auto portability] effort."

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.”