News

How to Automatically Transfer Your 401(k) Money When You Change Jobs

Lifehacker's Kate Dore reports on the nationwide launch of RCH Auto Portability, announced on 7/14/20, from the perspective of job-changing participants, whose transition could improve with the advent of the new plan feature. Dore references cashout leakage research by EBRI and Alight, and views the launch of auto portability as a positive development for plan participants.

Alight Solutions, RCH Launch New Form Of Automation For 401(k)s

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."

Alight to offer auto-portability program to DC plan sponsors

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.

BET Founder Bob Johnson Addresses Auto Portability in BlackEnterprise.com Interview

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."

RCH’s Auto-Portability Solution Embraced by Alight

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 Auto Portability Goes Public in Nationwide Rollout

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.

Wall Street Journal: Automatic 401(k) Transfers Gain Traction

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.

Alight to Offer Auto-Portability Solution to DC Plan Clients

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.

Also featured in PlanAdviser