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Retirement Clearinghouse in the News
Find news articles referencing RCH and our services, including RCH Auto Portability
Financial Advisor Magazine's Christopher Robbins reports on the official launch of the RCH Auto Portability program, informing readers about the 7/14/20 announcement by Alight Solutions that they'll offer the service to their defined contribution (DC) recordkeeping clientele. Robbins adds: "now retirement plan participants have a streamlined method to move balances from one 401(k) to another."
P&I's Washington reporter Brian Croce addresses the 7/14/20 announcement that Alight Solutions will be offering the RCH Auto Portability program to its defined contribution client base, kick-starting the nationwide adoption of the program. Croce quotes Alight EVP Alison Borland and RCH President & CEO Spencer Williams, and references earlier DOL regulation that was required to bring the launch to fruition.
The RLJ Companies Founder & Chairman, and RCH majority owner Bob Johnson is interviewed by Black Enterprise's Jeffrey McKinney, discussing the latest developments surrounding RCH Auto Portability's national launch. Citing the many benefits of RCH Auto Portability for minorities, Johnson commends the 7/14/20 announcement by Alight, and adds "there is no reason why the [other] large record keepers should not commence auto portability for the companies whose 401(k) accounts they manage."
The editorial staff of NAPA Net, representing the National Association of Plan Advisors (NAPA), covers the 7/14/20 announcement that Alight Solutions "will make Retirement Clearinghouse’s Auto Portability program available to its client base of 185 DC plan sponsors serving nearly five million employees at the end of this year."
401k Specialist Editor-in-Chief John Sullivan, who has written extensively about auto portability, covers today's announcement that Alight Solutions -- a leading provider of defined contribution / 401(k) plan recordkeeping services -- will spearhead auto portability's launch and offer the RCH service to its clients.
The Wall Street Journal's Anne Tergesen scoops the big story -- that large 401(k) recordkeeper Alight Solutions LLC has disclosed plans to offer RCH's auto portability solution to its clients. The article quotes Alight EVP Alison Borland, who notes "overwhelmingly positive" support among Alight clients for auto portability and goes on to provide insights from RCH President & CEO Spencer Williams, as well as comments by RLJ Companies Founder & Chairman Robert L. Johnson.
PLANSPONSOR's Rebecca Moore covers today's announcement that Alight Solutions will offer the RCH auto portability service to its client base of 185 defined contribution plan sponsors, serving nearly 5 million employees. Moore, who has covered auto portability extensively, quotes Alight's Alison Borland, the RLJ Companies' Bob Johnson and references previous discussions with RCH President & CEO Spencer Williams.
CNBC Senior Personal Finance Correspondent Sharon Epperson follows on to her morning video segment on CNBC with an article addressing today's key developments for auto portability. Epperson quotes Alight EVP Alison Borland, RLJ Companies Founder & Chairman Bob Johnson and the ARA's Nevin Adams in the piece, and cites key research from Alight on cashout leakage from job-changing participants.