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Retirement Clearinghouse in the News

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

Nov
19
2018

Arkansas Business: Glass Half-Full (Editorial)

The editors of Arkansas Business, in a humorously-titled editorial piece, note the inherent cynicism of journalists, but find some "reasons for cheer, and in time for Thanksgiving." First among their cheery topics is the U.S. Department of Labor's "experiment" to "reduce 401(k) leakage by allowing (Retirement Clearinghouse) to automatically transfer departing employees' accounts to their new employers' plans, what's called auto-portability."

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Nov
16
2018

Barron's: The 401(k) Turns 40, And Like All Birthdays, There’s Good and Bad

In their feature story marking the 40th anniversary of the 401(k), Barron's reporter Sarah Max takes a look at the past, present and future of the now-legendary plan brought to life by the Revenue Act of 1978. Although the "401(k) has been a huge success" Max identifies leakage as a persistent problem and notes the recent emergence of auto portability as a going-forward solution to the problem.

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Nov
16
2018

Barrons: How to Fix the 401(k)

As part of their overall feature "40 Years of the 401(k) - The Good, the Bad and the Future", Barron's reporter Sarah Max examines 5 initiatives that could help "fix" the 401(k). At the top of her list is auto portability, which Max indicates could "reduce leakage that occurs when employees cash out of small plans." Other initiatives also mentioned include multiple employer plans (MEPs), the Automatic Retirement Plan Act of 2017 (ARPA), Guaranteed Retirement Accounts, and Icon.

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Nov
15
2018

Retirement Income Journal: ‘Auto-Portability’ Gets Closer to Reality

Retirement Income Journal Editor & Publisher Kerry Pechter addresses the recent actions by the U.S. Department of Labor, moving RCH's auto portability program closer to widespread adoption. Pechter provides readers with important context on the DOL's actions, including RCH's ongoing efforts and the public policy arguments in favor of auto portability. Pechter then shares insights from RCH's CEO Spencer Williams and Head of Policy & Development Tom Johnson.

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Nov
15
2018

SHRM: 401(k) Hardship Withdrawals, Account Transfers Might Get Easier

SHRM's Stephen Miller reports on recent actions by the Treasury Department (affecting hardship withdrawals) and the Labor Department, seeking comment on the Retirement Clearinghouse (RCH) auto portability program. The DOL's proposal, says Miller, "might keep retirement savings intact when an employee finds a new job" and added that "automatically transferring 401(k) accounts could leave departing participants with larger nest eggs since they would be less likely to cash out retirement funds."

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Nov
15
2018

Charlotte Business Journal: How this Charlotte retirement firm is driving change in 401(k) rollovers

The Charlotte Business Journal's Caroline Hudson covers the innovative direction taken by Charlotte, NC-based Retirement Clearinghouse (RCH) in the development and delivery of its auto portability program, the subject of recent, favorable actions by the U.S. Department of Labor. Hudson interviews RCH EVP and Chief of Sales Neal Ringquist.

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Nov
14
2018

EBN: Labor Department clears path for automatic 401(k) transfers

Employee Benefit News reporter Lee Conrad includes the U.S. Labor Department's guidance on auto portability in his daily roundup of retirement news, referencing Anne Tergesen's article in The Wall Street Journal. According to Conrad "analysts say that the guidance will help minimize 401(k) cash-outs of employees who switch jobs" and cites a quote in the article by Morningstar's Aron Szapiro.

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Nov
14
2018

Eversheds Sutherland: Legal Alert: DOL considers important efficiencies for the retirement system

The law firm of Eversheds Sutherland provides, in their latest Legal Alert, a summary of the DOL's recent actions concerning the Retirement Clearinghouse (RCH) auto portability program.

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