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Retirement Clearinghouse in the News
Find news articles referencing RCH and our services, including Auto Portability
401k Specialist: A ‘Cure’ For The Missing 401k Participant 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: New DCIIA Research Addresses Plan Distribution Behavior
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 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.
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.
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,
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.
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.
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.