Retirement Clearinghouse in the News

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


Apr
14
2024

Tapping retirement funds is a terrible idea

Writing in AOL / Yahoo Money, retirement correspondent Kerry Hannon informs readers about the pitfalls of prematurely cashing out retirement savings. Hannon turns to WISER Women's Cindy Hounsell, who counsels savers to utilize the Retirement Clearinghouse (RCH) cashout calculator to understand how much retirement savings they'll be forgoing if they make this unfortunate decision.

Apr
11
2024

Federal saver’s match could spur 8.5 million Americans to save for retirement

Pensions & Investments correspondent Margarida Correia reports on the results of a new survey-based analysis of the Saver's Match program, which, consistent with recent research from EBRI, projects an 8.5 million net increase in retirement savers as a result of the initiative, which goes live for tax years following 2017. The survey was a collaboration between Boston Research Technologies (BRT) and Retirement Clearinghouse (RCH) and surveyed over 3,000 savers and non-savers who could be eligible for a federal matching contribution under the program. Correia quotes BRT CEO and Co-Founder Warren Cormier on the positive behavioral impacts of the Saver's Match program revealed in the survey.

Apr
10
2024

Saver’s Match Looks Like a Game-Changer for Under-Saved Workers

401k Specialist Editor-in-Chief Brian Anderson evaluates the new survey findings on the Saver's Match program, resulting from a collaborative effort between Retirement Clearinghouse (RCH) and Boston Research Technologies (BRT). Anderson reviews the survey's key findings and quotes RCH President & CEO Spencer Williams, as well as BRT CEO and Co-Founder Warren Cormier. Anderson emphasizes the disproportionate benefits from the Saver's Match that could accrue to minorities, terming the program a "boon for minority savers."

Apr
09
2024

Saver’s Match provides big incentive for 401(k) contributions

InvestmentNews' Emile Hallez examines the 4/9/24 Saver's Match survey analysis released by Retirement Clearinghouse (RCH) and Boston Research Technologies (BRT), which "builds on research showing the provision's potential reach and effect on retirement security." Hallez turns to RCH President & CEO Spencer Williams, who states that the program "could have a multiplier effect, as it not only encourages people to sign up for accounts and contribute more but also makes them more likely to receive employer matches as well as the federal government match." Hallez also quotes EBRI's Craig Copeland, who authored a 2/29/24 EBRI Issue Brief that estimated the population of savers eligible for a matching contribution at 21.9 million.

Apr
09
2024

How the Saver’s Match Could Kick-Start Financial Inclusion: Study

NAPA Net's Ted Godbout covers newly-released research on the Saver's Match program, noting that the survey (How the Saver's Match Could Promote Financial Inclusion: A Survey-Driven Analysis of the Saver's Match Program) was a collaboration between Boston Research Technologies (BRT) and Retirement Clearinghouse (RCH). The survey confirms the significant public policy benefits that the program could have in leveling the playing field for lower income savers – particularly for Black and Hispanic workers. Godbout's piece quotes RCH President & CEO Spencer Williams, as well as with BRT's CEO and Co-Founder Warren Cormier.

Also featured in ASPPA Net

Apr
04
2024

Corporate Adviser Podcast: Pot for Life around the world

In a podcast featured on UK-based Corporate-Adviser.com, host John Lappin discusses various international solutions for “small pots” (i.e., small balance accounts) that could be applied in the UK. Lappin turns to two AON consultants, who provide a country-by-country rundown on international best practices, with the U.S. and auto portability receiving mention around the 7:30 mark in the podcast. The show's guests also mention a “retirement clearinghouse” that operates the auto portability solution, which they characterize as being innovative, but still in the early phases of implementation.

Mar
25
2024

Changes for Small-Balance Savers

In the March-April 2024 edition of PLANSPONSOR Magazine, Remy Samuels covers developments surrounding small-balance accounts, including the 12/29/23 increase of the mandatory distribution threshold from $5,000 to $7,000, the recent announcement by the Portability Services Network (PSN) of live operations, and the release by Retirement Clearinghouse (RCH) of an updated version of its Auto Portability Simulation (APS). Samuels briefs her readers on all of these developments, and offers a summary of key results from RCH's new APS model.

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