Auto Portability in the News

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


Apr
30
2018

P&I: Auto portability viewed as way to reduce number of missing participants

In an article featured on the cover of Pensions & Investments, P&I's Meaghan Kilroy interviews RCH executives Spencer Williams and Neal Ringquist on RCH's auto portability program, and its promise to address the issue of missing, terminated participants. Williams and Ringquist provide an update on auto portability, including the recent implementation with a mega plan sponsor, the pending DOL advisory opinion and participation by DC recordkeepers,

Apr
27
2018

The hidden DC plan sponsor priority: enabling auto-portability

In his latest article in Employee Benefit Adviser, RCH Founder, President & CEO Spencer Williams urges plan sponsors to adopt two critical, but often overlooked priorities for defined contribution plans: reducing cashout leakage and enabling auto portability. Today, plan-to-plan portability is both time-consuming and expensive, resulting in a large number of stranded accounts and cashout leakage, particularly for small accounts. Citing EBRI and other research, Williams demonstrates that enabling seamless plan-to-plan portability through auto portability could dramatically improve participant outcomes, enhance financial wellness and even reduce the incidence of missing participants.

Apr
20
2018

America’s modern 'throwaway': 401(k) retirement savings

In his article in BenefitsPro, RCH’s Tom Hawkins draws attention to the modern-day waste that occurs when 401(k) participants change jobs and prematurely cash out their retirement savings. Similar to America’s post-World War II “throwaway” culture which gave rise to modern recycling initiatives, Hawkins argues that the solution to 401(k) cashout leakage is auto portability, and predicts that it will catch on as key stakeholders acknowledge the severity of the problem, accept responsibility for solving it and act collaboratively to hasten auto portability’s widespread adoption.

Apr
18
2018

ASPPA Net: Can Automation Help Solve the Missing Participant Problem?

In his 4/13/18 article, ASPPA Net's Ted Godbout examines key findings from the March 2018 RCH / Boston Research Technologies survey "The Mobile Workforce's Missing Participant Problem". Godbout covers the key highlights from the study, including the "remarkable" finding that 1/3 of the respondents had learned about accounts that they didn't realize they had, as well as the high percentage of respondents (60%) who would prefer an automated solution to update their address or consolidate their balances.

Apr
17
2018

DC Plan Sponsor Priorities Should Include Plugging Leakage, Enabling Auto Portability

As we continue to make our way through the second quarter of 2018, now is a good time to reflect on defined contribution (DC) plan sponsor priorities for this year.

Apr
02
2018

Are You All-In For A 401k Roll-In?

In his 4/02/18 article for 401k Specialist, Tom Hawkins asks plan sponsors to consider where they stand on encouraging rollovers into their 401(k) plan ("roll-ins") from new participants. Presenting the historical progression of roll-ins from 2012 to present, Hawkins then describes 3 levels of roll-in support that plan sponsors can offer. The most effective, says Hawkins, is Level 3, where plan sponsors adopt a facilitated roll-in service, which makes the process worry- and hassle-free for participants.

Mar
30
2018

Are you all-in on roll-in? Encourage new hires to rollover old 401(k) balances into your plan

Over the past six years, there has been a steady drumbeat pointing the way to increased portability and in-plan consolidation (roll-ins) as the next big strategic focus for 401k plans.

Mar
29
2018

Employers: Here’s how you improve the broken 401(k) plan system

In his March 29th 2018 article in Employee Benefit News, RCH’s Founder, President & CEO Spencer Williams argues that just as no man is an island, no employer-sponsored retirement plan is an island. He continues on to detail that new hires who join a plan all come from other companies, where they were likely enrolled in their former-employer 401(k) plans; and similarly, participants who leave a plan when they change employers have accrued 401(k) savings that they will likely want to take with them.

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