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Retirement Clearinghouse in the News
Find news articles referencing RCH and our services, including RCH Auto Portability
In his 5/17/18 article for NAPA Net, noted industry researcher Warren Cormier takes a deep dive into the problem of missing participants, summarizing the findings of a recent Retirement Clearinghouse (RCH) study that measured the magnitude of the problem, identified participant behaviors and uncovered important demographic trends. In search of solutions, Cormier turns to RCH CEO Spencer Williams, and their discussion focuses on "Auto Locate" as the most-promising financial technology to address the problem.
In his recent article in 401K Specialist, RCH EVP Neal Ringquist makes a compelling case for plan sponsors to adopt a program of consolidation. "The elimination of missing participant accounts", says Ringquist, "may be the strongest argument for plan sponsors to move forward with a consolidation initiative."
PLANSPONSOR's John Manganaro reports on new DCIIA research (link) on plan distribution behavior, indicating the benefits to DC plans of including additional distribution options besides the traditional lump-sum benefit payment. Tom Johnson, RCH EVP & Head of Policy and Development, anchors an "impressive list of retirement industry analysts" in compiling the report, which is available to the public.
P&I's Meaghan KIlroy examines how plan sponsors and service providers, rather than waiting on guidance from Washington, are taking the lead in advancing solutions to deal with the missing participant problem in America's defined contribution system. RCH CEO Spencer Williams and EVP Neal Ringquist are both quoted in the article, which also mentions recent research conducted by RCH, as well the promise offered by auto portability's "auto locate" mechanism.
InvestmentNews examines how plan sponsors and service providers, rather than waiting on guidance from Washington, are taking the lead in advancing solutions to deal with the missing participant problem in America's defined contribution system. RCH CEO Spencer Williams and EVP Neal Ringquist are both quoted in the article, which also mentions recent research conducted by RCH, as well the promise offered by auto portability's "auto locate" mechanism.
In an article featured on the cover of Pensions & Investments, P&I's Meaghan Kilroy interviews RCH executives Spencer Williams and Neal Ringquist on RCH's auto portability program, and its promise to address the issue of missing, terminated participants. Williams and Ringquist provide an update on auto portability, including the recent implementation with a mega plan sponsor, the pending DOL advisory opinion and participation by DC recordkeepers,
In his 04/20/18 article, SHRM's Stephen Miller delivers a comprehensive review of recent developments in addressing the problem of 401(k) missing participants. Miller leads off with an in-depth analysis of findings from “The Mobile Workforce’s Missing Participant Problem” -- joint research by BRT and RCH. Miller quotes BRT CEO Warren Cormier and RCH CEO Spencer Williams on the survey, and includes Williams’ views on emerging best practices. Miller wraps up with a regulatory (IRS, DOL & PBGC) and legislative update, including the proposed Retirement Savings Lost and Found Act of 2018.
In his article in BenefitsPro, RCH’s Tom Hawkins draws attention to the modern-day waste that occurs when 401(k) participants change jobs and prematurely cash out their retirement savings. Similar to America’s post-World War II “throwaway” culture which gave rise to modern recycling initiatives, Hawkins argues that the solution to 401(k) cashout leakage is auto portability, and predicts that it will catch on as key stakeholders acknowledge the severity of the problem, accept responsibility for solving it and act collaboratively to hasten auto portability’s widespread adoption.