- Press Releases
- Thought Leadership
- 401k Cash Outs
- 401k Consolidation
- 401k Missing Participants
- 401k Participant Transition Management
- 401k Plan Termination
- 401k Uncashed Checks
- Auto Enrollment
- Auto Portability
- Automatic Rollovers
- ERISA Advisory Council
- Lifetime Plan Participation
- Managed Portability
- Mandatory Distributions
- Mobile Workforce
- Retirement Income
- Retirement Plan Portability
- Safe Harbor IRA
- Uncashed Checks
Retirement Clearinghouse in the News
Find news articles referencing RCH and our services, including RCH Auto Portability
In his latest byline in Employee Benefit News, RCH President & CEO Spencer Williams addresses the cashout leakage crisis, which disproportionately affects minorities, including African-Americans and Hispanics. Auto portability, says Williams, can make all the difference in solving the crisis, but requires that "sponsors themselves, as well as their recordkeepers, take the next step" and adopt the new plan feature. The adoption of auto portability, writes Williams, is completely consistent with a recent public statement released by the Business Roundtable, and endorsed by 181 CEOs of the nation's largest corporations.
401kSpecialist Magazine's Managing Editor Brian Anderson reports on EBRI's 2/21/20 Issue Brief, which examines key provisions of the SECURE Act. In his article, Anderson notes that the overall reduction in the nation's Retirement Savings Shortfall (RSS) directly attributed to the legislation is 3%. However, when EBRI factors in auto portability, Anderson writes that "the overall reduction in retirement savings shortfalls is 10.0%" -- a significant increase over baseline.
Financial Advisor Magazine's Tracey Longo covers EBRI's 2/20/20 Issue Brief that projects the benefits of the SECURE Act legislation, noting that the SECURE Act, by itself, could cut the nation's Retirement Savings Shortfall (RSS) by 3%, or $115 billion. While this is good news, even better news is that the SECURE Act -- when paired with auto portability -- would generate a whopping 10%, or $383 billion reduction in the RSS, of which $268 billion is directly attributable to auto portability.
NAPA Net reporter Ted Godbout covers the release of EBRI's Issue Brief #501, released 2/20/20, which projects the benefits of the newly-enacted SECURE Act legislation. EBRI's analysis finds that key provisions of the SECURE Act are projected to deliver a respectable 3%, or $115 billion reduction in the Retirement Savings Shortfall (RSS), a key metric of retirement savings adequacy. However, when the SECURE Act is paired with auto portability, Godbout notes that the RSS reduction surges to 10%, or $383 billion.
P&I's Brian Croce examines EBRI's new Issue Brief, which models the impact of key provisions of the SECURE Act. Croce notes that EBRI's projection of the legislation's baseline benefits produces an overall reduction in the Retirement Savings Shortfall (RSS) of 3%, or $115 billion, while the addition of auto portability dramatically increases those benefits to yield a 10%, or $383 billion reduction in the RSS measure.
A new Issue Brief released by the Employee Benefit Research Institute (EBRI) examines the impact of the SECURE Act's most important provisions on Americans' retirement security. The EBRI brief projects that the SECURE Act will reduce the nation's $3.81 trillion Retirement Savings Shortfall (RSS) by 3%, or $115 billion. However, when combined with auto portability, the RSS is reduced by 10%, or $383 billion -- a massive, incremental benefit.
Writing in 401kSpecialist, RCH's Tom Hawkins predicts that socially conscious private-sector corporations will soon address the nation's 401(k) cashout leakage crisis by adopting plan-to-plan portability, including auto portability. Driving Hawkins' conclusions are three key developments: 1) a growing understanding of the problem and its societal impacts, 2) access to viable portability solutions and 3) corporate acceptance of the responsibility to act for the benefit of society. Hawkins further notes that this view is now being echoed in retirement research & public policy circles.
Writing in Medium, RCH's Tom Hawkins makes the case that socially conscious private-sector corporations will soon solve the nation's 401(k) cashout leakage crisis by fully-embracing plan-to-plan portability, including auto portability. Three key developments drive Hawkins' conclusions, including 1) a growing understanding of the problem and its societal impacts, 2) access to a viable solution and 3) clear acknowledgment of a responsibility to act for the benefit of society. Hawkins further notes that this view is being echoed in retirement research & public policy circles.