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Retirement Clearinghouse
15 followers -
One Individual, One Account
One Individual, One Account

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Participants Favor Preserving Small Balances Via Auto Portability
By Ted Godbout, via NAPA Net

In his 12/6/17 article in NAPA Net, Ted Godbout covers the recent Boston Research Technologies white paper “Making the Right Choice the Easiest Choice: Eliminating Friction and Leaks in America’s Defined Contribution System” -- which documents the key findings of the initial market launch of auto portability.

Click here to read the full article: http://bit.ly/2B54ccR
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Here's Why Cashing Out a 401(k) Is the Worst Money Mistake You Might Ever Make by Maurie Backman, via The Motley Fool

In her 12/06/17 article "Here's Why Cashing Out a 401(k) Is the Worst Money Mistake You Might Ever Make", The Motley Fool's Maurie Backman cites RCH cash out research, mentioning that "nearly 6 million employees are expected to cash out their 401(k)s within eight years of leaving their employers, according to data compiled by Retirement Clearinghouse."

Click here to read the full article: http://bit.ly/2BGdmZz

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Market Wrap with Moe Discusses 401k Auto Portability

In his weekly podcast just following Thanksgiving 2017, Moe Ansari, of Market Wrap with Moe, talks 401k auto portability with Kerry Pechter, publisher of the Retirement Income Journal.

Click here to listen: http://bit.ly/2AcdAdW
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Changes Coming to Your 401(k) in 2018 - What Do They Mean for You?
By Dan Rafter, via Quicken Loans' ZING!

In his 11/21/17 article in Quicken Loans' ZING! blog, Dan Rafter interviews Edward Dressel, president of Retire Ready Solutions on the big changes coming to 401(k) plans in 2018. Dressel tells 401(k) savers to keep an eye out for advances in auto portability, which could have a "huge" and beneficial impact on employees who leave one employer for another, allowing their accounts to automatically roll-in to their new employer-sponsored plan.

Click here to read the full article: http://bit.ly/2zJ6AFW

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How are participants reacting to Auto Portability?
By Cat Felle

In her 11/14/17 article, Felle reports on the recently-released white paper by Boston Research Technology, which validates that auto portability preserves retirement savings.

Click to read the full article: http://bit.ly/2zN13x1 *401KWire requires a subscription to read the article.

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Results From Use of Auto Portability Product Released
By Rebecca Moore, via PLANADVISER

Spencer Williams, from Retirement Clearinghouse, says the findings show the potential to preserve trillions of future retirement savings dollars for retirement plan participants through the widespread adoption of auto portability.

Click here to read the full article: http://bit.ly/2ztp0Hb

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How To Locate Missing 401k Participants
By Tom Hawkins, via 401k Specialist Magazine

In his 11/8/17 article in 401k Specialist, RCH's Tom Hawkins discusses the recent DOL guidance requested by the American Benefits Council. The request for guidance is intended to better-inform the fiduciaries of ongoing plans, as well as to request that the DOL revisit their audit policies and guidelines to make them more consistent and reasonable.

Click here to read the full article: http://bit.ly/2zHL2Jo

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Retirement Clearinghouse Releases Findings From Auto Portability Use
By Rebecca Moore, via PLANSPONSOR

PLANSPONSOR's Rebecca Moore reports on the recently-released white paper by Boston Research Technology, which validates that auto portability preserves retirement savings. Results from the firm’s product use by one plan sponsor found that upon consolidation, workers' median plan account balance increased by 46% and the combined future value of their preserved savings was more than $3 million at normal retirement age.

Click here to read the full article: http://bit.ly/2iJcDPl

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How to reunite employees with their old 401(k) accounts
By Spencer Williams, via Employee Benefit News

The "small account explosion" has been an ongoing problem for our nation's retirement system, and auto portability is frequently cited as a solution. However, as RCH's Spencer Williams points out, small accounts can't move themselves - auto portability requires an industry-wide infrastructure, a clearinghouse, to realize its full potential.

Click to read the full article: http://bit.ly/2iDKfy0

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Initial Launch Results Validate that Auto Portability Preserves Retirement Savings

Boston Research Technology (BRT) studied the first 4 months of the initial launch of RCH Auto Portability with a large plan sponsor in the healthcare industry and documented the key findings. BRT validated several hypotheses related to participant distribution behavior at job change that reinforce the potential for auto portability to save retirement plan participants trillions of dollars in savings by reducing cash out leakage.

Click here to read the press release and download the white paper: http://bit.ly/2znNkKH
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