In a 7/19/16 Press Release, Simio LLC and Retirement Clearinghouse (RCH) jointly announced the application of Simio simulation software to one of the most difficult-to-solve problems in the retirement industry: cashout leakage that occurs when employees change jobs. Co-developed with Dr. Ricki Ingalls of Diamond Head Associates, the Simio-based Auto Portability Simulation (APS) model is the first known discrete event simulation in the retirement industry. APS results are dramatic – demonstrating that more than $115 billion in retirement savings could be preserved under the widespread adoption of Auto Portability. Simio’s CEO C. Dennis Pegden, Ph.D., and RCH’s Founder, President & CEO Spencer Williams are quoted.

Read the Press Release here.

Read the "Simio Simulation shows effect of auto portability on retirement savings" Article here.