Retirement Clearinghouse in the News

Find news articles referencing RCH and our services, including RCH Auto Portability


Jul
19
2018

401k Specialist Features Recent Retirement Savings Portability Developments

401k Specialist features a July 2018 article by RCH's Tom Hawkins, addressing recent public policy activities on the issue of retirement savings portability. In his article, Hawkins examines three developments, all taking place in late June, and looks ahead to the anticipated delivery of an Advisory Opinion by the Department of Labor on auto portability.

Jul
06
2018

RCH in EBN: Is auto-portability the key to helping women save more in retirement?

Auto portability has become a leading retirement savings public policy initiative due to its proven ability to preserve small-balance defined contribution accounts. RCH CEO Spencer Williams summarizes new research indicating that, when it comes to women, auto portability could deliver even greater benefits by making it easier for women participants to preserve their 401(k) savings, helping put them on par with men to achieve financial wellness.

Jun
26
2018

RCH in BenefitsPRO: Avoid Becoming 'Collateral Damage' in a Cyberattack

In his article in BenefitsPRO, RCH Chief Information Officer Mike Goode advises benefits professionals to consider how they can protect their company's data by better understanding and managing the risk associated with engaging retirement services providers. Goode cites the growing threat posed by cyberattacks on third parties, and offers a five-step solution for minimizing the risks.

Jun
25
2018

RCH in EBN: The hidden DC plan sponsor priority: Plugging leakage, enabling auto-portability

In his latest article in Employee Benefit News, 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.

Jun
25
2018

NAPA Net: RCH's Tom Johnson Addresses Leakage & Portability at WISER Forum

Covering the WISER forum "The Millennial Perspective: An Intergenerational Discussion on Retirement Savings", NAPA Net's Ted Godbout includes reporting on RCH EVP Tom Johnson, who wowed the WISER crowd with 401(k) cashout leakage and portability statistics. Citing data from the GAO, the EBRI Retirement Security Projection Model (RSPM) and other sources, Johnson made the point that Millennials, including gig workers, will stand to benefit greatly from retirement savings portability solutions, including auto portability.

Jun
22
2018

Auto Portability Featured in "EBRI Super Model"

In his weekly Anecdotal Evidence column entitled "How Much Retooling Does the 401(k) Need?", Retirement Income Journal publisher Kerry Pechter covers two important weekly events -- the ERISA Advisory Council meeting and the EBRI webinar on their Retirement Security Projection Model (RSPM). For the EBRI event, Pechter notes that auto portability is a key public policy initiative in the "EBRI super model" and cites auto portability's benefits as reducing "retirement shortages for ages 35-39 by between 17% and 23%."

Jun
21
2018

RCH Featured in Wall Street Journal: Five Ways to Improve 401(k)s

As the 401(k) turns 40 years old, the Wall Street Journal’s Anne Tergesen examines five ways that the 401(k) could do a better job of creating retirement security, including reducing 401(k) leakage. To address the 401(k) leakage problem, Tergesen describes Retirement Clearinghouse’s ongoing efforts to implement auto portability, which automatically consolidates small balance accounts and moves retirement savings forward into a new employer’s 401(k) plan. Tergesen reports that RCH’s CEO Spencer Williams “expects to receive the green light” from the Department of Labor “as soon as this summer.”

Jun
15
2018

The Missing Piece In 401k Retirement Income: Consolidation

According to EBRI statistics, a typical 60-year-old Boomer nearing retirement will have changed jobs almost 10 times. That makes 401(k) retirement income solutions impractical, unless 401(k) plan sponsors embrace consolidation.

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