Retirement Clearinghouse in the News

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


Sep
22
2021

Vanguard partners with fintech to offer auto portability for 401(k) clients

Writing for The Philadelphia Business Journal, Jeff Blumenthal reports on the Vanguard Group's plans to introduce the RCH Auto Portability service "that allows 401(k) participants to move their account from old job to a new employer's plan automatically." Blumenthal also notes recent RCH business milestones, including surpassing the $10 billion retirement consolidation threshold, as well as the firm's relationship with Alight Solutions, and by extension, anticipated business activities to be provided in support of the Federal Thrift Savings Plan.

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Sep
21
2021

Vanguard Teams with Retirement Clearinghouse on Auto Portability

The staff of NAPA Net, the National Association of Plan Advisors' (NAPA) news site, reports on the 9/21/21 announcement by Vanguard that it will introduce RCH's auto portability service for their 401(k) sponsor clients and their participants, targeting mid-2022.

Sep
21
2021

In 2022, Vanguard Will Team Up on an Auto Feature

The 401k Wire's Neal Anderson reports on the day's announcement by Vanguard that it plans to introduce RCH's auto portability service for 401(k) sponsor clients and their participants. Anderson also turned to RCH President & CEO Spencer Williams for comment, who stated that "we're extremely happy" with the development, while adding "we don't intend to stop there."

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Sep
21
2021

Vanguard to Add Auto-Rollover Service for 401(k) Accounts

Ginger Szala, executive managing editor of Investment Advisor magazine, updates her readership on the 9/21/21 announcement by Vanguard, which Szala notes "has joined forces with Retirement Clearinghouse to provide an auto-portability service that allows 401(k) participants to have their defined contribution plans automatically roll over when changing jobs."

Sep
21
2021

Vanguard rolling out auto portability for 401(k) clients

Pensions & Investments Washington correspondent Brian Croce reports on Vanguard's 9/21/21 announcement that it will introduce RCH's auto portability service for its 401(k) plan sponsor clients and their participants, to launch in mid-2022. Croce notes that RCH's auto portability program "was first piloted in 2017 and in 2019, the Department of Labor granted RCH the ability to expand the program, which is aimed at reducing plan leakage and missing participants."

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Sep
21
2021

401k Auto-Portability Takes ‘Giant Leap Forward’ with Vanguard, RCH Deal

401k Specialist Managing Editor Brian Anderson reports on the "Great Leap Forward" for RCH Auto Portability represented by the 9/21/21 announcement by Vanguard that it will begin providing plan sponsors with the auto portability solution to simplify small-balance 401k rollovers, expected to launch in mid-2022.

Sep
17
2021

401k Auto Portability’s Significant Benefits to Pending Legislation

Writing in 401k Specialist Magazine, RCH's Tom Hawkins recaps a 9/13/21 Employee Benefit Research Institute (EBRI) webinar (The Impact of Proposed Legislative Changes on Retirement Income Adequacy). In the webinar, EBRI Research Director Jack VanDerhei presented an analysis of pending legislative changes, including automatic contribution plans and arrangements (ACPAs), paired with a refundable saver’s credit. Unsurprisingly, the benefits for these policy initiatives were quite large. However, what was truly surprising was the sheer magnitude of incremental benefits delivered by the addition of auto portability, significantly paring retirement shortfalls for 35–39-year-olds, across all race and ethnicity categories.

Sep
06
2021

Does The ‘Great Resignation’ Make Auto-Portability’s Case?

Writing in 401k Specialist Magazine, Editor-in-Chief John Sullivan astutely links the unusually high turnover in labor markets (the "Great Resignation") to the need for auto portability. Disproportionately affecting Black and Hispanic Americans, Sullivan writes that this unprecedented turnover could "potentially wreak havoc with orphaned retirement accounts and missing participants" and further states "[i]f ever there was a time—and need—for auto portability, this may be it."

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