Retirement Clearinghouse in the News

Find news articles referencing RCH and our services, including RCH Auto Portability


Oct
11
2018

RCH in BenefitsPRO: Pairing Savings Preservation with Expanded Access for Minorities

In their October 11, 2018 article in BenefitsPRO, RCH's Spencer Williams and Tom Hawkins address an important retirement public policy question: How would a pairing of auto portability with open multiple employer plans (or “open MEPs”) impact the retirement savings of America’s minorities, and particularly, African-Americans? The RCH analysis found that expanded access initiatives, such as open MEPs, could serve as a catalyst to increase minority participation in employer-sponsored 401(k) plans, but could fall short in preserving minorities' retirement savings. When combined with auto portability, open MEPs could generate far more wealth at retirement, and deliver greater retirement security for minorities.

Oct
10
2018

Barron's Article on 401(k) Leakage Features RCH Research

In her October 10th, 2018 article "Don't Let a 'Leaky' 401(k) Mess Up Your Retirement" Barron's reporter Reshma Kapadia examines the problem of 401(k) cashout leakage. Kapadia cites recent research by Retirement Clearinghouse, which explores the impact on minority savers of pairing savings preservation (via auto portability) with the open MEPs expanded access initiative.

Oct
05
2018

NAPA Net Readers Put Auto Portability on "Next Big Things" List for 2019

On 10/5/18, NAPA Net released the results of a reader poll, asking NAPA Net readers to identify the "next big things" in 2019. Auto Portability came in #7 on the list, ahead of perennial favorites such as "behavioral finance techniques" and "financial wellness." #1 on the list were multiple employer plans, or "open MEPs" - which was cited by 56% of respondents.

Sep
21
2018

Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall

PLANSPONSOR's Lee Barney addresses new research released by EBRI, which models the effects of the Automatic Retirement Plan Act of 2017 (ARPA), and then combines ARPA with auto portability. The EBRI research reveals that if ARPA were to be combined with auto portability, the retirement savings shortfall (RSS) would dramatically reduce the $4.3 trillion deficit by $932 billion, or 22.6%.

Sep
10
2018

IRIS Features RCH Article "Three Unique 401(k) Hacks for National 401(k) Day"

IRIS features an article by RCH's Tom Hawkins in observance of 2018's National 401(k) Day, featuring three simple but clever "hacks" -- or tips for 401(k) participants to manage their retirement savings more easily and efficiently. The article suggests that participants consider 1) consolidating their retirement savings, 2) keeping their contact and beneficiary designation information current and 3) using cash as an alternative dollar cost-averaging strategy.

Sep
05
2018

RCH's Spencer Pringle Quoted in US News & World Report Article

In her 9/5/18 article in US News & World Report "6 Factors to Consider Before Cashing Out a 401(k)" Rachel Hartman advises readers to consider the long-term repercussions of prematurely cashing out of a 401(k). Hartman quotes RCH EVP Spencer Pringle, who suggests that participants first think carefully about whether or not the need is for a true financial emergency. If it is, Pringle further suggests that participants identify the amount required to satisfy the emergency, keeping the remaining amount invested for retirement.

Aug
28
2018

RCH in BenefitsPRO: Don't become a 401(k) DIY horror story

In his latest article in BenefitsPRO, RCH EVP Spencer Pringle offers job-changing 401(k) participants important tips on how to avoid becoming a 401(k) DIY “horror story.” Pringle examines three DIY scenarios for participants to avoid, including cashing out, stranding a 401(k) balance at a previous employer and finally, attempting a DIY roll-in. Auto portability, education and assistance, says Pringle, are keys to overcoming the traps.

Aug
23
2018

PLANSPONSOR Features RCH Analysis on Missing Participants and Cashouts

PLANSPONSOR's Rebecca Moore examines recent analysis by Retirement Clearinghouse that looks at the twin problems of 401(k) missing participants and cashouts. The RCH analysis, based upon RCH's Auto Portability Simulation and Boston Research Technologies' March 2018 Missing Participant Survey, compares and contrasts the two problems from a systemic perspective, and offers auto portability as a strategic solution to minimize both. Moore's piece also references a previous article by RCH CEO Spencer Williams, and quotes RCH's Neal Ringquist and Tom Hawkins.

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