Auto Portability in the News
Browse the most comprehensive collection of articles in the media that feature auto portability.
Alight Is the First RKer to Add This Kind of Feature
Reporting on Alight Solutions' 7/14/20 announcement that they will offer RCH Auto Portability to their DC recordkeeping clients, The 401kWire's Lauren Corradi interviews RCH President & CEO Spencer Williams to gain more insight. Williams states that "Alight's adoption sends an 'all clear' signal to all plan sponsors that RCH Auto Portability is a legitimate and beneficial service for their participants." In her piece, Corradi also quotes Alight's EVP Alison Borland.
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Alight First to Use 401(k) Auto-Porting Service
Ignites' Joe Morris covers the nationwide launch of the RCH Auto Portability program, observing that Alight Solutions has become the first recordkeeper to sign on to use RCH’s 401(k) balance-transfer technology.
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How to Automatically Transfer Your 401(k) Money When You Change Jobs
Lifehacker's Kate Dore reports on the nationwide launch of RCH Auto Portability, announced on 7/14/20, from the perspective of job-changing participants, whose transition could improve with the advent of the new plan feature. Dore references cashout leakage research by EBRI and Alight, and views the launch of auto portability as a positive development for plan participants.
Alight Solutions, RCH Launch New Form Of Automation For 401(k)s
Financial Advisor Magazine's Christopher Robbins reports on the official launch of the RCH Auto Portability program, informing readers about the 7/14/20 announcement by Alight Solutions that they'll offer the service to their defined contribution (DC) recordkeeping clientele. Robbins adds: "now retirement plan participants have a streamlined method to move balances from one 401(k) to another."
Alight to offer auto-portability program to DC plan sponsors
P&I's Washington reporter Brian Croce addresses the 7/14/20 announcement that Alight Solutions will be offering the RCH Auto Portability program to its defined contribution client base, kick-starting the nationwide adoption of the program. Croce quotes Alight EVP Alison Borland and RCH President & CEO Spencer Williams, and references earlier DOL regulation that was required to bring the launch to fruition.
BET Founder Bob Johnson Addresses Auto Portability in BlackEnterprise.com Interview
The RLJ Companies Founder & Chairman, and RCH majority owner Bob Johnson is interviewed by Black Enterprise's Jeffrey McKinney, discussing the latest developments surrounding RCH Auto Portability's national launch. Citing the many benefits of RCH Auto Portability for minorities, Johnson commends the 7/14/20 announcement by Alight, and adds "there is no reason why the [other] large record keepers should not commence auto portability for the companies whose 401(k) accounts they manage."
RCH’s Auto-Portability Solution Embraced by Alight
The editorial staff of NAPA Net, representing the National Association of Plan Advisors (NAPA), covers the 7/14/20 announcement that Alight Solutions "will make Retirement Clearinghouse’s Auto Portability program available to its client base of 185 DC plan sponsors serving nearly five million employees at the end of this year."
401k Auto Portability Goes Public in Nationwide Rollout
401k Specialist Editor-in-Chief John Sullivan, who has written extensively about auto portability, covers today's announcement that Alight Solutions -- a leading provider of defined contribution / 401(k) plan recordkeeping services -- will spearhead auto portability's launch and offer the RCH service to its clients.