Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
In his latest article in Employee Benefit News, RCH President & CEO Spencer Williams offers plan sponsors 3 crucial resolutions for 2018, including: 1) ending automatic cash-outs, 2) offering roll-ins as part of a financial wellness program, and 3) engaging all participants on crucial decision-making.
In his 1/8/18 article in the Journal of Accountancy, Lou Carlozo examines auto portability, which has the potential to "impact the retirement plans of millions for the better." Carlozo details the progress auto portability is making with the Department of Labor, referencing the July 2017 letter from Senate Republicans. Carlozo extensively quotes RCH President & CEO Spencer Williams, as well as other industry experts, on the positive outlook for auto portability and its potential for solving the 401(k) "leakage" problem.
Great all by itself, auto portability also makes other retirement savings public policy initiatives a lot better.
RCH President & CEO Spencer Williams offers plan sponsors 3 crucial resolutions for 2018, including: 1) ending automatic cash-outs, 2) offering roll-ins as part of a financial wellness program, and 3) engaging all participants on crucial decision-making.
In his latest article for Employee Benefit News, RCH President and CEO Spencer Williams describes a blueprint that’s already been established for implementing a best practice default retirement plan feature, such as auto enrollment. The blueprint Williams describes includes obtaining behavioral research confirmation, guidance from Washington, and commercial implementation – a blueprint currently being followed for auto portability.
RCH President & CEO addresses a blueprint for improving retirement security, incorporating the widespread adoption of auto portability.
In her 12/06/17 article "Here's Why Cashing Out a 401(k) Is the Worst Money Mistake You Might Ever Make", The Motley Fool's Maurie Backman cites RCH cash out research, mentioning that "nearly 6 million employees are expected to cash out their 401(k)s within eight years of leaving their employers, according to data compiled by Retirement Clearinghouse."