News

How Empower Is Helping To Strengthen Retirement Plan Portability

Financial advisor and private wealth guru Russ Alan Prince interviews Empower's Dave Gray, executive vice president of the firm's Enterprise Solutions group and a founding board member of the Portability Services Network (PSN). Prince and Gray engage in a wide-ranging discussion concerning the key role that is being played by auto portability, as delivered by PSN. In their discussion, Gray is an unabashed advocate of auto portability, and notes that "over 11,000 of the plans we work with have signed up" for the innovative service already, and adds that "as more time goes by, and due diligence is completed, we are seeing more and more large plan sponsors become comfortable enough as fiduciaries to add the auto portability service to their plans."

Retirement Planning In 2025: What’s On People’s Minds

Contributor Jamie Hopkins takes stock of the state of retirement planning in 2025, noting the "shaky" sentiment amongst retirement savers, while offering those savers four "smart moves" to consider as they continue their retirement journey. Included in Hopkins' recommendations is wise advice to "consolidate your accounts" so that "changing jobs over the years [does not] leave you with scattered retirement accounts." To support consolidation, Hopkins observes that "new services like 'Auto Portability' are making this even simpler for small balances."

Big Beautiful Bill Offers $1K of Free Cash

Men's Journal trending news writer Anne Erickson writes about the new Trump Accounts, slated to commence in July 2026, and funding $1,000 IRA accounts for all newborn children born in the years 2025-2028. The article draws heavily from an earlier piece by USA Today personal finance writer Daniel de Visé, and includes expert opinion from RCH President & CEO Spencer Williams, and from RCH EVP & Chief Revenue Officer Neal Ringquist. Williams characterizes the "best case scenario" for Trump Account holders as preserving "that thousand dollars... sitting in that IRA, compounding" until retirement, while Ringquist describes the new financial vehicles as "an 18-year head start to retirement."

'Trump Accounts' are $1k of free money. Here's how to claim it.

USA Today personal finance reporter Daniel de Visé covers the topic of Trump Accounts, enabled by the One Big Beautiful Bill legislation, and providing children born 2025-2028 with a gift of $1000, deposited into an IRA. De Visé turns to multiple industry experts, including RCH's Spencer Williams and Neal Ringquist. Williams described the "best case scenario" as having "that thousand dollars... sitting in that IRA, compounding" until retirement, while Ringquist characterized Trump Accounts as "an 18-year head start to retirement."

Also featured in MSN.com, Yahoo! Finance, and numerous local media outlets

New Research Shines Light on Saver’s Match Potential

Writing in 401k Specialist Magazine, Tom Hawkins puts two recent Saver’s Match research findings – one from Morningstar and the other from RCH – into perspective. The Morningstar research, authored by industry veteran Jack VanDerhei and Spencer Look, pegs the potential incremental retirement wealth generated by the Saver’s Match at $2.03 trillion. Another research effort, conducted by Retirement Clearinghouse, involves a discrete event simulation model of the Saver’s Match program, simulating specific technologies and operational solutions required to support the program. Together, writes Hawkins, “these two new research efforts…quantify overall Saver’s Match program benefits, and model the potential size, scale and operations of the program.”

Previously featured in the RCH Consolidation Corner Blog

Here's why an alarming number of workers cash out 401(k) plans

Writing in USA Today, journalist Daniel de Vise addresses the 401(k) system's cashout leakage problem, turning to a variety of industry experts, including representatives from Vanguard and Fidelity, who address the magnitude of the problem as well as many of the systemic and behavioral issues that drive cashout decisions. Pivoting off a quote from AARP's David John, de Vise closes his piece by focusing on auto portability, and cites the Portability Services Network consortium, where "most big retirement-plan providers participate in the [auto portability] effort."

Saver’s Match Could Add $2 Trillion in Retirement Wealth: Morningstar

401k Specialist Managing Editor Brian Anderson covers new Saver's Match research from Morningstar, which pegs the long-term incremental wealth benefits of the federal program at $2.03 trillion. The research, documented in an article authored by Morningstar researchers Spencer Look and Jack VanDerhei, "simulated retirement outcomes with and without the program under four behavioral scenarios" and builds on earlier research by the team finding that the SECURE 2.0 program "could potentially act as a solution to the retirement savings gap."

The Federal Program That Could Help Generate $2 Trillion in Retirement Wealth

New Morningstar research indicates that the new Saver's Match program could generate substantial retirement wealth, according to researchers Jack VanDerhei and Spencer Look. Applying the Morningstar Model of U.S. Retirement Outcomes, the research team "found that the Saver’s Match could help boost retirement savings for Americans by $2.03 trillion at retirement age." Morningstar's latest analysis builds upon earlier research which found that specific demographic segments, such as single women, Black Americans, and Hispanic Americans could realize significant benefits.