Moving Retirement Forward: Retirement Savings Portability for America's 401(k) System
Retirement Clearinghouse is an innovator in the retirement services industry, developing and introducing industry best practices that are moving retirement forward by delivering retirement portability for millions of job-changing Americans. RCH is proud to showcase our thought leadership, as well as other public policy makers and industry leaders whose positions are consistent with our own views and practices.
RCH Thought Leadership
New Research Points to "Explosion" of Small 401(k) Accounts
New research indicates that a collective small account “explosion” has been underway for the past 10 years, with important implications for plan sponsors, participants and for retirement savings public policy.Read More
RCH's Auto Portability Simulation Model by Simio
Simio Simulation shows effect of auto portability on retirement savings.
RCH and EBRI Present Consolidated Testimony on Auto Portability
On June 8th, 2016 Retirement Clearinghouse (RCH) and the Employee Benefit Research Institute (EBRI) teamed up to present consolidated testimony to the ERISA Advisory Council on Auto Portability.
RCH Presents the Auto Portability Simulation Model at the EBRI Policy Forum
RCH unveils the ground-breaking Auto Portability Simulation (APS) model at the May 12th, 2016 EBRI Policy Forum.
The Fiduciary Rule and Participant Transition Management
In his 3/30/16 Consolidation Corner blog post, Neal Ringquist identifies a new discipline that plan sponsors should understand and address: Participant Transition Management.
Why Recycling Is Coming to the American Retirement Industry
In this Consolidation Corner blog post, Tom Hawkins describes the parallels between recycling and our retirement system's approach to stemming cashout leakage.
Ringquist: Washington Understands the Need for Portability
Following President Obama's State of the Union address, Neal Ringquist summarizes the "state of retirement plan portability" in Washington, DC.
RCH and Boston Research Technologies Release Mobile Workforce Study
RCH and Boston Research Technologies (BRT) release groundbreaking new research about participants' distribution decisions at job change.
RCH Makes Auto Portability Frequently-Asked Questions Available
RCH makes available Auto Portability Frequently-Asked Questions
RCH Examines the Development of Portability-Specific Terminology Since 2005
Writing in RCH's Consolidation Corner, Tom Hawkins traces the development of retirement savings portability lingo since EGTRRA brought about the "automatic rollover" and safe harbor IRA industry in 2005. Along the way, the "roll-in" became paired with the automatic rollover to create a new auto feature - Auto Portability - where small balance retirement savings can be recycled back into an employer-sponsored plan.
RCH Leads the Charge for Plan Portability
In a 9/25/14 article by Retirement Income Journal, RCH is identified as a leader in the emerging portability issue.
RCH CEO Spencer Williams Makes Case for Roll In in Life & Health Advisor Article
RCH CEO Spencer Williams lays out the case for DC system consolidation.
Boston Research Group Case Study Features RCH Best Practices
Boston Research Group validates the RCH consolidation model.
RCH CEO Spencer Williams Testifies Before ERISA Advisory Council
Spencer Williams testifies before the ERISA Advisory Council on the best practices to find missing participants.
RCH Provides Response to PBGC RFI on Expansion of Their Missing Participant Program
RCH provides the PBGC with a response to an RFI on Missing Participants.
Auto Portability Simulation Infographic
Infographic providing the key results of the Auto Portability Simulation.Download Document
Industry Thought Leaders
LIMRA's Money In Motion Study Highlights State of Roll-Ins
LIMRA Secure Retirement Institute issues their "Money In Motion" study, highlighting retirement savings flows, including the low levels of defined contribution transfers.Read More
LIMRA Promotes Research Supporting Auto Portability
LIMRA's Secure Retirement Institute is promoting research that supports Auto Portability. LIMRA showcases the research in DConversations, including video from the 2016 Retirement Industry Conference, as well as multiple infographics providing important research.
EBRI and ICI Release Joint Study On Consistent Plan Participation
On September 8th, EBRI and ICI jointly release the study "What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Balances, 2010-2014" revealing the significant, positive impact that consistent plan participation has on 401(k) plan balances.
Northern Trust Research Says Auto Portability is What's Next
In Northern Trust's research entitled "The Path Forward: Defined Contribution Plans Can Achieve More" Auto Portability is identified as one of two key DC plan features that will positively impact DC plan performance.
LIMRA's SRI and RCH Team Up to Address Retirement Savings Portability
On May 5, 2016, LIMRA's Secure Retirement Institute (SRI) teamed up with Retirement Clearinghouse to present "Making Portability Work" to LIMRA's Retirement Industry Conference.
DCIIA Research Brief Highlights Leakage, Cites RCH and Boston Research Tech Data
A February 2016 DCIIA Research Brief points to leakage as undermining retirement savings, citing the RCH / Boston Research Technologies Mobile Workforce Study.
DCIIA's Lew Minsky Weighs In on Importance of Retirement Savings Portability
DCIIA's President, CEO and retirement expert Lew Minsky weighs in on President Obama's retirement savings portability initiatives.
Cash Outs Hurting Retirement Savers, Says Cerulli
In an interview with PLANSPONSOR, Cerulli analyst Shaan Duggal reveals the analytical firm's latest figures on premature distributions from retirement savings.
401kTV Advises Plan Sponsors to Help Participants with Roll-Ins
401kTV, an affiliate of the The Plan Sponsor University (TPSU), advises plan sponsors to consider helping their participants roll in balances into their current plan.
SSgA's Melissa Kahn Highlights Leakage as One of Three Critical Problems to Solve
SSgA's Melissa Kahn identifies leakage as one of three critical issues facing the Defined Contribution industry.
WISER Conducts Fall Forum on Auto Portability
The Women's Institute for a Secure Retirement (WISER) conducts a forum entitled "The Leading Edge - Auto Portability: A Solution to Prevent Cash Outs & Preserve 401(k) Assets."
DCIIA White Paper: Encouraging Roll-Ins is a Key DC Plan Success Factor
In their May 2015 white paper, the DCIIA Plan Administrative Committee endorses a practice to "encourage consolidation of participants' retirement accounts" via roll-in programs.
Nevin Adams Says to Solve Leakage by Reducing Cashouts, Not Limiting Loans
NAPA Net's Nevin Adams dispels the myth that retirement savings leakage can be solved by limiting loans.
Fidelity Highlights the Costs of Cashing Out
Fidelity demonstrates how a small cashout can have a dramatic effect on retirement income.
EBRI's Nevin Adams Addresses Crucial Decisions Facing Job-Changers
Nevin Adams provides views on the crucial decisions at job change.
Ted Benna "Father of 401(k)" on De-Risking and Improving DC Plans
An interview with Ted Benna, the "father of the 401(k)" to examine his views on de-risking and improving DC plans.
Boston Research Group: Eliminating Friction & Leaks in America's DC System
The Boston Research Group studies the RCH business model in action, and identifies implications for the entire DC system.
PSCA President David Wray Establishes The Principles of DC Account Consolidation
PSCA's David Wray's article "Consolidate the Balances" -- featured in the Jul/Aug 2012 President's Page.
BRG's Cormier Weighs in on Job Changers and Orphaned DC Accounts
Warren Cormier gives his views on job changers and orphaned DC accounts.
New EBRI Research Establishes Auto Portability as Leading Public Policy Initiative
With new research showing that Auto Portability has $2 trillion (present value) of potential benefits to America's retirement savers, EBRI research firmly establishes Auto Portability as a leading retirement public policy initiative. Get the research today.
Bipartisan Policy Center Testifies to the Senate Committee on Aging
On 9/7/16, the Bipartisan Policy Center presented testimony to the Senate Committee on Aging regarding the BPC's recent report "Securing Our Financial Future." Included in the testimony is a recommendation to establish a private-sector "retirement security clearinghouse" to facilitate retirement savings consolidation.
U.S. Senate Finance Committee Hearing: "Helping Americans Prepare for Retirement"
On 1/28/16, the United Senate Committee on Finance held a hearing entitled "Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans." Portability was mentioned as a key consideration, by both lawmakers and Senators alike.
President Obama Calls for More Retirement Savings Portability in Address
In his final State of the Union address to the American people, President Barack Obama issues a call for more retirement savings portability.
Alicia Munnell in MarketWatch: Supporting the RCH Goal of a Retirement Savings Clearinghouse
Alicia Munnell comes down squarely in favor of a clearinghouse for the nation's 401(k) system.
ERISA Advisory Council Mentions Auto Portability in Report
The ERISA Advisory Council notes that "auto portability and facilitation of account consolidation are thought provoking."
RCH Finds Willing Audience for Portability in Washington
View the document that makes the case for Portability: RCH's Public Policy Brief.
GAO Releases Report on Forced Transfers and Inactive Accounts; Cites Clearinghouse
The GAO releases a report on forced transfers and inactive accounts,citing the "clearinghouse" example as something that works.
Treasury Issues Revenue Ruling to Help Facilitate Roll-In to Employer-Sponsored Plans
The U.S. Department of the Treasury and the Internal Revenue Service issue Revenue Ruling 2014-9, facilitating roll-ins.
ERISA Advisory Council Addresses Lost & Missing; Hears from RCH CEO
RCH's CEO Spencer Williams provides insightful testimony to the ERISA Advisory Council on missing participants.
Labor's Assistant Secretary Borzi Discourages Cash Out Behavior
DoL's Borzi warns plan participants against ill-advised cash out behaviors.