Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
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.
The unintended consequence of 401(k) auto-enrollment
Auto enrollment, codified in law by the Pension Protection Act of 2006, was drafted with the best of intentions to increase Americans' retirement savings but it has had the unintended consequence of impairing plan effectiveness. By proliferating small accounts in plans, auto enrollment has caused a decrease in average account balances throughout the U.S. retirement system. Adding to the urgency of this issue is the rising rate of auto enrollment adoption across defined contribution plans of all sizes, but particularly among larger plans.
RCH EVP Tom Johnson Talks Auto Portability with BlackRock's DCfocus
RCH EVP Tom Johnson sat down with BlackRock's DCfocus publication to discuss Auto Portability.
401(k) Force Outs: Recycle v. Landfill
Every day, we are reminded that recycling is the responsible thing to do: from the recycling bins we walk by, to the paper we use, and the cans and bottles that we drink from. All of us would agree that conservation of our precious resources is critical, so we gladly pitch in and do our part.
Bloomberg's Steverman Laments Rollover Battle, Lauds RCH Auto Portability
Bloomberg's Ben Steverman describes his personal challenges to rollover his 401(k) account to an IRA.
RCH in EBN: A Blueprint for Lifetime Participation in 401(k) Plans
Spencer Williams identifies portability as the solution plan sponsors should embrace.
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