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Retirement Clearinghouse in the News

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

Apr
30
2018

P&I features RCH in "Plans take lead to find the missing"

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.

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Apr
30
2018

InvestmentNews: Pension plans take lead on finding missing participants

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.

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Apr
30
2018

P&I: Auto portability viewed as way to reduce number of missing participants

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,

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Apr
20
2018

SHRM: Keep Track of 401(k) Participants So They Don’t Go Missing

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.

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Apr
20
2018

America’s modern 'throwaway': 401(k) retirement savings

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.

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Apr
18
2018

ASPPA Net: Can Automation Help Solve the Missing Participant Problem?

In his 4/13/18 article, ASPPA Net's Ted Godbout examines key findings from the March 2018 RCH / Boston Research Technologies survey "The Mobile Workforce's Missing Participant Problem". Godbout covers the key highlights from the study, including the "remarkable" finding that 1/3 of the respondents had learned about accounts that they didn't realize they had, as well as the high percentage of respondents (60%) who would prefer an automated solution to update their address or consolidate their balances.

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Apr
02
2018

Are You All-In For A 401k Roll-In?

In his 4/02/18 article for 401k Specialist, Tom Hawkins asks plan sponsors to consider where they stand on encouraging rollovers into their 401(k) plan ("roll-ins") from new participants. Presenting the historical progression of roll-ins from 2012 to present, Hawkins then describes 3 levels of roll-in support that plan sponsors can offer. The most effective, says Hawkins, is Level 3, where plan sponsors adopt a facilitated roll-in service, which makes the process worry- and hassle-free for participants.

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Mar
29
2018

Employers: Here’s how you improve the broken 401(k) plan system

In his March 29th 2018 article in Employee Benefit News, RCH’s Founder, President & CEO Spencer Williams argues that just as no man is an island, no employer-sponsored retirement plan is an island. He continues on to detail that new hires who join a plan all come from other companies, where they were likely enrolled in their former-employer 401(k) plans; and similarly, participants who leave a plan when they change employers have accrued 401(k) savings that they will likely want to take with them.

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