Retirement Clearinghouse in the News

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


Mar
10
2021

Auto portability is, and always will be, a bipartisan solution

Writing in an opinion piece in Employee Benefit News, RCH President & CEO Spencer Williams addresses the consistent bipartisan support that auto portability has enjoyed in DC. This support, writes Williams, transcends party affiliation, extending across multiple Presidential administrations as well as both legislative branches of the U.S. Congress, and falls squarely in-line with policy initiatives that advance the interests of minority and low-income workers. Williams provides readers with an impressive, years-long list of actions & endorsements that reflect auto portability's broad-based support, which culminated last year with the nationwide rollout of the program.

Feb
23
2021

5 Considerations for 401k Sponsors About Missing Participants

Writing in 401k Specialist, RCH's Tom Hawkins offers retirement plan sponsors five important considerations that can help focus their efforts in designing, implementing and administering an effective program of locating missing participants. By staying focused on some key principles, including the adoption of sound search practices and retirement savings portability, plan sponsors can successfully navigate their near-term missing participant problems, while positioning their plan for far fewer problems in the future.

Feb
16
2021

One Simple Trick to Radically Boost Financial Wellness

In an opinion piece for 401k Specialist Magazine, RCH's Tom Hawkins offers 401(k) plan sponsors "one simple trick" -- retirement savings portability -- to radically boost their participants' financial wellness. In the article, Hawkins asserts that "adopting a program of retirement savings portability has never been easier" and the measurable benefits accrue not only to participants, but to the plan, to the retirement system, and even to retirement savings public policy initiatives.

Feb
16
2021

Robert L. Johnson Addresses Auto Portability on CNBC's Squawk Box

On 2/16/21, RLJ Companies Chairman and RCH majority owner Robert L. Johnson appears on CNBC's Squawk Box for a wide-ranging interview. During Q&A with host Joe Kernen, Mr. Johnson addresses his ongoing efforts to promote retirement security for minorities via RCH's auto portability initiative, which he indicates would preserve over $180 billion in retirement savings for Black Americans.

Feb
08
2021

Nudge theory can help strengthen financial wellness initiatives

In his latest article in Employee Benefit News, RCH President & CEO Spencer Williams examines the applicability of “nudge theory” by plan sponsors to promote 401(k) account consolidation and to discourage premature cashouts. Nudges, which are “easy and cheap” interventions, could include simple and subtle messages to participants that Williams asserts “can make a big difference to the retirement preparedness, and overall financial health, of their plan participants.”

Feb
05
2021

Alight 2020 Hot Topics: Most Employers Interested in Auto Portability

In their survey Hot Topics in Retirement and Financial Wellbeing 2021, Alight Solutions finds that "the majority of employers are interested in a clearinghouse service that will automatically roll balances from one employer’s DC plan to another employer’s plan when individuals change jobs."

Jan
26
2021

New 401k Missing Participant Research Reinforces DOL Guidance

Writing in 401k Specialist, Tom Hawkins reveals RCH's new missing participant study, Improving the Effectiveness of Electronic Missing Participant Searches, which comes on the heels of Department of Labor (DOL) guidance and is highly-useful for plan sponsors who utilize electronic searches, or “e-Searches” as they are referenced in the study.

Jan
20
2021

10 Simple Ways Baby Boomers Can Catch Up on Retirement Savings

Journalist Cameron Huddleston turns to RCH's Neal Ringquist for tips on ways that Baby Boomers can catch up on retirement savings. Ringquist advises Boomers to leverage their retirement savings accounts in order to accumulate savings, as well as to efficiently manage their tax burdens.

Read Huddleston's article in AOL Finance, in GoBankingRates and in Yahoo! Finance.
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