401kWire's Chelsea Tyson reports on RCH's completion of the "first fully automated, end-to-end transfer of retirement savings from a safe harbor IRA into a participant's active account." The RCH Auto Portability service creates the first two nodes in a network that will ultimately connect all defined contribution plans. Tyson quotes RCH founder, president and CEO Spencer Williams.
Read the full article in 401kWire.com (subscription required)
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Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. Securities are offered through RCH Securities, LLC, a wholly owned subsidiary of Retirement Clearinghouse, LLC and a member of FINRA (www.finra.org). RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission.
