Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
EBRI Releases New Research on 401(k) Leakage and Features Auto Portability Simulation
On 8/9/16, EBRI released new research focusing on the recurring issue of leakage from defined contribution savings plans. The August 2016 EBRI Notes summarizes policy forum discussions on the leakage issue, and include an extensive discussion of the RCH Auto Portability Simulation model that addresses outcomes of Auto Portability as workers change jobs.
Why Small Balance Cash Outs Are Falling Through the Cracks
According to the recently released 2016 Willis Towers Watson U.S. Retirement Governance Survey, a major trend in retirement plan governance is the growing concern employers have for employees' retirement benefit adequacy and financial well-being.
RCH in 401K Specialist Magazine: How To Curb 401k Cash-Out Leakage
The problem is particularly acute for small-balance 401(k) accounts; Leakage can make a 401(k) go splat.
RCH in 401K Specialist Magazine: 401k Auto Portability Goes To Washington
What happens when participants change jobs? The next big 401(k) issue to hit Washington lawmakers could be auto-portability.
First Half of 2016: A Look-Back at the Headlines Driving a New "Auto" for 401(k) Plans
In the first half of 2016, not only has the retirement industry awakened to the problem of cashout leakage, but it's begun to acknowledge its root cause: a lack of retirement savings portability. At the same time, Auto Portability has emerged as the only viable solution to cashout leakage, delivering portability for the small-balance (less than $5,000) job-changer, automatically moving their balances forward when they change jobs and enroll in a new plan. Let's look-back at the first half of 2016 and see how Auto Portability may now be poised to become an "overnight success" in the not-too-distant future.
RCH Portability in the National Law Review
In her 7/26/16 article in the National Law Review, Michelle Capezza addresses the fundamental changes in our workforce (the "Gig Economy") that are driving the need for portable benefits. Capezza states that RCH -- through promotion of Auto Portability -- is one of the ways that this new portability is becoming manifested in the Gig Economy.
RCH in EBN: Embracing a new source of plan growth
In his July 21st article in Employee Benefit News, RCH President & CEO Spencer Williams highlights the Department of Labor's new fiduciary rule challenges and urges that it's time to consider another source of growth: portability solutions.
RCH, Auto Portability Featured by San Antonio Express-News
In a July 15th article, the San Antonio Express-News features Retirement Clearinghouse and Auto Portability, RCH's solution to curb cashout leakage among small-balance job changers.