Press Releases

Stay informed and up to date with all RCH media and press releases.

 

For Media Inquiries:

Please contact Dana Taormina - (973) 850-7305 ( [E-Mail]
 
 

Simio and RCH Jointly Announce the Application of Simio Simulation Software07.19.2016

In a 7/19/16 Press Release, Simio LLC and Retirement Clearinghouse (RCH) jointly announced the application of Simio simulation software to one of the most difficult-to-solve problems in the retirement industry: cashout leakage that occurs when employees change jobs. Co-developed with Dr. Ricki Ingalls of Diamond Head Associates, the Simio-based Auto Portability Simulation (APS) model is the first known discrete event simulation in the retirement industry. APS results are dramatic – demonstrating that more than $115 billion in retirement savings could be preserved under the widespread adoption of Auto Portability. Simio’s CEO C. Dennis Pegden, Ph.D., and RCH’s Founder, President & CEO Spencer Williams are quoted.

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Retirement Clearinghouse Applauds Bipartisan Policy Center’s Call for Improved Portability to Curb Cash-Out Leakage06.15.2016

Retirement Clearinghouse, LLC welcomes the report issued by the Bipartisan Policy Center’s Commission on Retirement Security and Personal Savings which, among other proposals, recommends the adoption of processes that enable the seamless transfer of retirement savings between defined contribution plans when participants change jobs. The report, “Securing Our Financial Future,” notes that these solutions can increase retirement savings by reducing cash-outs and early withdrawals by plan participants, who are most vulnerable to making these destructive decisions at the point of job-change.

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Dynamic Simulation Shows Auto Portability Can Add $115B to Americans’ Retirement Savings Over the Next Generation 05.10.2016

Retirement Clearinghouse, LLC will introduce a first-of-its-kind discrete event simulation at the 78th annual Employee Benefit Research Institute (EBRI) Policy Forum on May 12, 2016. The Auto Portability Simulation (APS) shows that over the course of the next 30 years, widespread adoption of seamless plan-to-plan transfers for small-balance accounts can significantly increase Americans’ retirement prospects by retaining more savings in employer-sponsored plans. The APS seeks to dynamically demonstrate and quantify the value of cutting leakage and incubating savings for small-balance savers.

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RCH Applauds White House Initiatives to Improve Retirement Savings Portability 01.26.2016

The RLJ Companies Founder and Chairman Robert L. Johnson, majority investor in Retirement Clearinghouse (RCH), welcomes President Obama’s initiatives to make it easier for Americans to move their retirement savings into their new employer plans when they change jobs. RCH President and CEO Spencer Williams cites progress made towards innovative and scalable portability solutions, including RCH’s ongoing efforts with DC centers of influence, as well as the industry’s open and collaborative dialogue on auto portability.

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ABGI & Retirement Clearinghouse Team Up to Provide Managed Portability Solutions 01.05.2016

Alliance Benefit Group of Illinois (ABGI), a record-keeper and TPA for employer-sponsored retirement plans, teams up with Retirement Clearinghouse to deliver cutting-edge managed portability solutions for participants in the plans it services.

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WISER Forum Shines Spotlight on Auto Portability10.01.2015

Retirement Clearinghouse, in partnership with the Women's Institute for a Secure Retirement (WISER), conducted a forum at the Capitol View Conference Center on September 30th, 2015, attracting experts from government agencies, organizations advocating for women and the aging, the financial and retirement services communities, and policy groups. Attendees learned how auto portability builds on other automated 401(k) plan features -- such as auto enrollment and auto deferral escalation -- to discourage cashouts and facilitate lifetime plan participation.

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RCH Releases Groundbreaking Research Study on Mobile Workforce05.27.2015

In conjunction with Boston Research Technologies, RCH today announced the findings of a groundbreaking research study on America’s mobile workforce, providing insights into participant behaviors regarding retirement savings portability. The study further offers plan sponsors with strategies to stem cashouts and to improve retirement outcomes.

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RCH Surpasses $3 Billion in Account Consolidations04.29.2015

Retirement Clearinghouse, LLC has consolidated over 113,000 retirement savings accounts totaling more than $3 billion in assets into existing IRA or 401(k) accounts. The firm is the only independent party that consolidates assets into active 401(k) accounts through plan-to-plan transfers—helping workers save more money for retirement, while reducing their expenses and decreasing fees for plan sponsors by increasing average account balances. 

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RCH Appoints Ringquist to EVP, Sales & Marketing10.14.2014

RCH Appoints Ringquist as Head of Sales & Marketing

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RCH Introduces Internet-Enhanced Search Service05.13.2014

Retirement Clearinghouse introduces Internet-enhanced search service to locate missing retirement plan participants, closing glaring gap created by IRS, Social Security Administration actions.

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RCH Tops $11 Billion in Savings Guided in November 201312.16.2013

Retirement Clearinghouse surpasses another goal: topping $11 billion in retirement savings guided in the month of November, 2013

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RCH Tops $10 Billion Mark10.08.2013

RCH has surpassed $10 billion in guiding retirement savings through the retirement system, reaching this milestone by helping execute automatic rollovers, roll-ins and other account consolidation actions while also providing Safe Harbor IRA’s.

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RCH Appoints Industry Vet Tom Johnson Head of Business Development03.13.2013

RCH Appoints Veteran Tom Johnson

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RolloverSystems Re-Brands as Retirement Clearinghouse02.26.2013

RSI Re-brands to Retirement Clearinghouse

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