Auto Portability - Recent Developments

Find the most-recent auto portability media coverage and developments.


Sep
22
2021

Vanguard, Retirement Clearinghouse to offer automated plan transfers

InvestmentNews reports that Vanguard has engaged Retirement Clearinghouse (RCH), to introduce auto portability for sponsor clients and their plan participants, and that the service is expected to launch in mid-2022. The piece also quotes John James, managing director and head of Vanguard’s institutional investor group.

Sep
22
2021

Vanguard to Offer Auto-Portability Solution to 401(k) Plan Clients

PLANSPONSOR's Rebecca Moore reports on the news from Vanguard of their plans to introduce the RCH Auto Portability service for their 401(k) sponsor clients and their participants. Moore's article notes that "the RCH Auto Portability program automates the movement of an employee’s 401(k) savings account from their former employer’s plan into an active account with their current employer’s plan" and "can also help simplify plan administration and improve plan compliance by reducing the instances of abandoned accounts and uncashed checks."

Also featured in PlanAdviser

Sep
22
2021

Vanguard to Launch Auto-Portability Service

Ignites' Ben Miller reports on the 9/21/21 announcement by Vanguard that it will introduce an auto portability service for 401(k) sponsor clients and their participants, and that the firm has engaged Retirement Clearinghouse, LLC (RCH) to provide plan sponsors with the new portability solution.

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Sep
22
2021

Vanguard partners with fintech to offer auto portability for 401(k) clients

Writing for The Philadelphia Business Journal, Jeff Blumenthal reports on the Vanguard Group's plans to introduce the RCH Auto Portability service "that allows 401(k) participants to move their account from old job to a new employer's plan automatically." Blumenthal also notes recent RCH business milestones, including surpassing the $10 billion retirement consolidation threshold, as well as the firm's relationship with Alight Solutions, and by extension, anticipated business activities to be provided in support of the Federal Thrift Savings Plan.

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Sep
21
2021

Vanguard Teams with Retirement Clearinghouse on Auto Portability

The staff of NAPA Net, the National Association of Plan Advisors' (NAPA) news site, reports on the 9/21/21 announcement by Vanguard that it will introduce RCH's auto portability service for their 401(k) sponsor clients and their participants, targeting mid-2022.

Sep
21
2021

In 2022, Vanguard Will Team Up on an Auto Feature

The 401k Wire's Neal Anderson reports on the day's announcement by Vanguard that it plans to introduce RCH's auto portability service for 401(k) sponsor clients and their participants. Anderson also turned to RCH President & CEO Spencer Williams for comment, who stated that "we're extremely happy" with the development, while adding "we don't intend to stop there."

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Sep
21
2021

Vanguard to Add Auto-Rollover Service for 401(k) Accounts

Ginger Szala, executive managing editor of Investment Advisor magazine, updates her readership on the 9/21/21 announcement by Vanguard, which Szala notes "has joined forces with Retirement Clearinghouse to provide an auto-portability service that allows 401(k) participants to have their defined contribution plans automatically roll over when changing jobs."

Sep
21
2021

Vanguard rolling out auto portability for 401(k) clients

Pensions & Investments Washington correspondent Brian Croce reports on Vanguard's 9/21/21 announcement that it will introduce RCH's auto portability service for its 401(k) plan sponsor clients and their participants, to launch in mid-2022. Croce notes that RCH's auto portability program "was first piloted in 2017 and in 2019, the Department of Labor granted RCH the ability to expand the program, which is aimed at reducing plan leakage and missing participants."

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A Brief History of Auto Portability