Media Coverage

Upcoming Changes to 401(k) Plans That’ll Help Almost Everyone Save More

Writing in MSN Money, Sarah Sharkey highlights five key changes to 401(k) plans that promise greater retirement security for America workers. Enabled and/or extended by recent SECURE 2.0 legislation, Sharkey's changes include three "autos" -- auto enrollment, auto escalation and auto portability. Regarding auto portability, Sharkey notes that the new plan feature should exert a powerful effect on preserving retirement savings, writing: "eventually, [auto portability] should help millions of savers keep their nest eggs intact."

Also featured in FinanceBuzz

Saver's Match holds promise for closing savings gap

There’s a lot of attention now focused on the Saver’s Match, the SECURE Act 2.0-enabled program that – starting in the 2027 tax year – will allow qualified individuals who contribute to an IRA or participate in an employer-sponsored retirement plan to receive a 50% federal matching contribution of up to $1,000. In his latest article in Employee Benefits News, RCH President & CEO Spencer Williams breaks down the highly positive impact that the program will have on retirement security, citing research revealing that “the Saver’s Match has the potential to accomplish more than many expected as far as closing the retirement savings gap among Americans.”

RCH Consolidation Corner Channel Ep. 12 - Auto Portability's Importance to Financial Advisors

In this episode of the RCH Consolidation Corner Channel, we examine the importance and relevance of auto portability to the financial advisor community, where the new feature is getting a lot of attention. We hope you’ll find the audio enjoyable and informative.

RCH Consolidation Corner Channel Ep. 11 - When & How to Increase the Intensity of Missing Participant Searches

In this episode of the RCH Consolidation Corner Channel, we focus on when and how plan sponsors should consider increasing the intensity of their searches for missing plan participants. We hope you’ll find the audio enjoyable and informative.

RCH Consolidation Corner Channel Ep. 10 - Optimizing Electronic Searches for Missing Participants

Welcome to another edition of the RCH Consolidation Corner Channel, where we provide you with audio content that explores key issues in the preservation and consolidation of retirement savings. In this episode, we focus on research conducted by RCH on optimizing electronic searches – also known as “e-Searches” – for missing plan participants. We hope you’ll find the audio enjoyable and informative.

How 401(k) Auto Portability Boosts Women's Retirement Savings

Writing in Kiplinger, RCH and PSN President Spencer Williams offers readers his views on the potential benefits of auto portability for women. While women face significant disparities in earnings, Williams notes that those disparities also drive a "lower amount of retirement benefits women earn compared to men" and cites research suggesting that "over the course of a generation, 116 million women will cash out nearly $290 billion in retirement savings." Conversely, if auto portability were widely adopted, Williams writes that "111 million women would preserve $753 billion (measured in today’s dollars) in our nation’s retirement system."

What Do PSCAers Want From Washington?

The 401kWire's Neal Anderson reports from the PSCA National Conference, where influential plan sponsor members attended a "build-a-bill" session, where they were live-polled on the things that they would like to see come out of Washington. 64% of those sponsors who were polled indicated that they would like to see an "auto-portability mandate" emanate from federal lawmakers.

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Beyond Missing: Targeting Unresponsive Participants in Retirement Plans

Writing in the RCH Consolidation Corner blog, Tom Hawkins examines the phenomenon of ‘unresponsive’ participants, which he defines as participants “for whom a plan has correct contact information, but who fail to respond to plan communications.” This sub-set of missing participants presents plan sponsors with unique challenges, because “the challenge is not finding them – it’s engaging them.” Hawkins continues by identifying six major drivers of unresponsive participants, while offering plan sponsors six best practices to minimize them.