Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
PLANSPONSOR Addresses President's Portability Initiatives; Quotes RCH CEO
A 1/27/16 article by PLANSPONSOR's Rebecca Moore addresses President Obama's portability initiatives, quoting RCH CEO J. Spencer Williams.
Williams Provides Reaction to Presidential Call for Plan Portability
Spencer Williams provides BenefitsPro's Nick Thornton with his reaction to President Obama's call for retirement plan portability.
P&I: Obama Calls for More Retirement Savings Portability in Address
Pensions & Investments highlights President Obama's call for more retirement savings portability, in his final State of the Union address.
Washington Recognizes Need for Retirement Plan Portability Solutions
Clearly, Washington DC is now "getting it" when it comes to retirement plan portability. In November 2015, Senator Patty Murray and other influential members of Congress delivered a letter to Department of Labor Secretary Perez urging action on Auto Portability. Now, we have strong comments from President Obama in his final State Of The Union address on the need for more portable retirement savings.
Auto Enrollment: The Unintended Consequences, Part II (Research)
In his December 1, 2015 article (The unintended consequence of 401(k) auto-enrollment), RCH CEO Spencer Williams exposes the linkage between auto enrollment and lower average account balances. Based on Form 5500 data, Williams' analysis presents some excellent examples of industries where average balances are significantly lower in plans that have adopted auto enrollment compared to plans that have not. RCH's Tom Hawkins follows up that article with his own analysis, extending Williams' earlier work.
401kSpecialist Highlights Auto Portability, RCH
John Sullivan highlights the rise of Auto Portability as an emerging solution to address the problem of leakage.
As 401(k) Cash Out Leakage Grows, So Does Need for Auto Portability
In his December 11th article in BenefitsPro (Addressing the Critical Problem of 401(k) Cash Outs), Nick Thornton draws much-needed attention to the magnitude of the 401(k) cash out leakage issue, due to the frictions associated with account portability when plan participants switch jobs. Thornton's article rightly emphasizes the need for automated portability similar to automatic enrollment and deferral increases - to effectively address the cash out problem.
RCH in BenefitsPro: Addressing the critical problem of 401(k) cash-outs
BenefitsPro's Nick Thonrton quotes RCH's CEO Spencer Williams on the problem of plan leakage through cash outs.
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