Auto Portability in the News

Browse the most comprehensive collection of articles in the media that feature auto portability.


Nov
09
2020

Elections Have Consequences—Elect to Help Participants Keep Their Savings, Instead of Losing Their Savings via Mandatory Distributions

Against the backdrop of uncertainty surrounding the 2020 Presidential election, RCH President & CEO Spencer Williams takes to RCH’s Consolidation Corner to remind us of the real impact other choices can have on people’s lives. For plan sponsors who care about preserving their participants’ retirement benefits, Williams urges them to “elect” auto portability and play a decisive role in helping millions of Americans save more for retirement.

Nov
05
2020

Broadcast Retirement Network Features Segment on ‘Small Account Problem’

On Wednesday, 11/4/20 the Broadcast Retirement Network’s Jeff Snyder interviewed Retirement Clearinghouse (RCH) President & CEO Spencer Williams and Alight Solutions’ Vice President & Head of Research Rob Austin to address the 401(k) system’s small account problem – where high levels of cashout leakage in small balance segments perennially robs millions of participants of a timely or comfortable retirement.

Nov
04
2020

Broadcast Retirement Network Airs Video on ‘Small Account Problem’

On Wednesday, 11/4/20 the Broadcast Retirement Network’s Jeff Snyder interviewed Retirement Clearinghouse (RCH) President & CEO Spencer Williams and Alight Solutions’ Vice President & Head of Research Rob Austin to address the 401(k) system’s small account problem – where high levels of cashout leakage in small balance segments perennially robs millions of participants of a timely or comfortable retirement. Snyder walks Williams and Austin through an interesting and informative interview that examines the problem of small-balance cashout leakage, reveals new research insights and highlights the new "automatic" feature -- auto portability -- that delivers an effective solution.

Nov
01
2020

Help Where It Hurts

Writing in The Leader's Edge, contributor David Tobenkin examines the latest developments in benefits packages designed to improve the financial well-being of employees. Quoting a host of influential industry voices, Tobenkin cites RCH President & CEO Spencer Williams' efforts in pioneering & offering auto portability to address retirement savings lost during job changes, while acknowledging Alight Solutions for becoming an early adopter of the program. Tobenkin also quotes The RLJ Companies' founder, Chairman and RCH majority owner Robert L. Johnson on the need to help employees save for unexpected financial shocks.

Oct
28
2020

Former EBSA Head Rutledge Offers Favorable View on Auto Portability

In a podcast with 401k Specialist Editor-in-Chief John Sullivan, former DOL & EBSA Assistant Secretary Preston Rutledge offered his views on a variety of topics, including auto portability, stating: “the guidance on auto portability was a good development. It has the potential to make sure that your 401(k) account makes the move from your old employer to your new employer and it may help find missing participants.”

Oct
20
2020

'Auto Portability' Set to Attack

A feature article in 401k Specialist Magazine by Brian Anderson takes a deep dive into RCH's auto portability program, examining a myriad of key aspects of the "newest automatic feature...poised to alleviate the longstanding problem of cash-out leakage." In the piece, Anderson quotes The RLJ Companies Founder & Chairman Robert L. Johnson, RCH President & CEO Spencer Williams and Alight Solutions' EVP Alison Borland.

Oct
13
2020

Far Out: What If Timothy Leary Was a 401k Plan Sponsor?

In the 1960’s, counter-culture guru Timothy Leary urged a generation to “turn on, tune in and drop out.” If Leary was still around and sponsoring a 401(k) plan, he might urge participants to “save up, move on and cash out.” While that sounds contradictory and profoundly ill-advised, it’s exactly what 5 million job-changing 401(k) participants do in the 1st year following separation. In his latest opinion piece in 401k Specialist Magazine, RCH's Tom Hawkins explores the reasons for so many cashouts, and how – with viable solutions now available – plan sponsors should fully-embrace seamless plan-to-plan portability.

Oct
12
2020

If Timothy Leary Were a 401(k) Plan Sponsor

In the 1960’s, counter-culture guru Timothy Leary urged a generation to “turn on, tune in and drop out.” If Leary were still around and sponsoring a 401(k) plan, he might urge participants to “save up, move on and cash out.” While that sounds contradictory and profoundly ill-advised, it’s exactly what 5 million job-changing 401(k) participants do in the 1st year following separation. In his latest Consolidation Corner blog post, RCH's Tom Hawkins explores the reasons for so many cashouts, and how – with viable solutions now available – plan sponsors should fully-embrace seamless plan-to-plan portability.

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