Auto Portability in the News

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


Jan
13
2020

Financial Wellness Benefits Simplified by Auto-Portability

Picking up on a theme from RCH President & CEO Spencer Williams, 401kTV Managing Editor Steff Chalk examines the quantifiable financial wellness benefits that could be realized by plan sponsors and their participants, via the adoption of auto portability. Linking to an article previously authored by Williams in Employee Benefit News, Chalk runs down the litany of persuasive proof points offered by Williams, concluding: "we couldn't have said it better."

Jan
08
2020

How financial wellness programs can encourage employee participation in retirement savings

Writing in Employee Benefit News, RCH President & CEO Spencer Williams examines the current state of financial wellness programs, and the challenges plan sponsors face in quantifying their benefits. Facilitating retirement savings portability -- by adopting auto portability for small balances or implementing an assisted roll-in program for larger balances -- can easily overcome this challenge by offering sponsors financial wellness initiatives that not only deliver excellent results, but can be readily measured.

Jan
02
2020

Auto Portability 2019: The Year in Review

At the outset of a new decade, RCH EVP & Chief Sales Officer Neal Ringquist pauses to reflect upon the highlights of a momentous year for auto portability, addressing key 2019 developments in regulation, research & public policy, webinars and media coverage, as well as providing readers with his forward-looking predictions for 2020.

Dec
31
2019

Why you should consolidate those 401(k)s and IRAs

CNBC personal finance reporter Greg Iacurci takes a look at the millions of Americans changing jobs each year, and concludes that consolidation of retirement savings -- particularly to a new workplace savings account -- is their best move. Stranded accounts, writes Iacurci, can cause a variety of problems, including forgotten savings, cash outs, sub-optimal investment choices and a difficult transition to retirement income. Iacurci quotes RCH President & CEO Spencer Williams, who states that “from a consumer perspective, the default should be 100% of the time to move your money [when changing jobs].”

Dec
30
2019

Safe-harbor IRAs should not be a long-term retirement solution

Writing in Employee Benefit News, RCH President & CEO Spencer Williams observes that safe-harbor IRAs -- created by the EGTRRA-mandated automatic rollover process -- were never intended to be "permanent retirement savings vehicles." Too often, argues Williams, the relief plan sponsors realize from automatic rollovers comes at the expense of participant outcomes -- who experience high levels of cashouts, low investment returns and savings-depleting fees. With the advent of auto portability, participants will spend less time in a safe harbor IRA, and "plan sponsors no longer have to consider trading participant outcomes for administrative convenience."

Dec
24
2019

A Financial Wellness Program You Can Actually Measure

In his latest Consolidation Corner article, RCH President & CEO Spencer Williams examines the current state of financial wellness programs, and the challenges plan sponsors face in quantifying their benefits. Facilitating retirement savings portability, writes Williams -- whether through auto portability for small balances or an assisted roll-in program for larger balances -- can overcome this challenge by offering sponsors a financial wellness initiative that preserves participants' retirement savings and is easily quantifiable.

Dec
19
2019

Can You Successfully Automate Your Retirement Savings?

Forbes contributor Rick Unser, a 401(k) plan consultant and host of the 401(k) Fridays podcast, looks to the future and predicts four key 401(k) automation features he believes will deliver significant benefits for participants. Citing job-changing as "one of the single most significant threats to a secure retirement" -- Unser identifies auto portability as an "emerging solution (that) will help with...the challenge" and "will move your retirement savings from your retirement plan at your old company to the retirement plan at your new one."

Dec
06
2019

401(k) Plans & Auto Portability: Should Your Suite of Auto Plan Features Include Rollovers?

On 12/06/19, RCH Founder, President and CEO Spencer Williams recorded a podcast with Rick Unser of 401(k) Fridays. The hour-long discussion covered the long term impact of automatic enrollment, and the emerging auto concept of Auto Portability. Williams details what Auto Portability is, the retirement challenges it intends to solve, how it differs from today’s auto-cashouts or auto-rollovers and shares how employers or retirement service partners can get involved.

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Top Five Misconceptions About Auto Portability