Consolidation Corner

Auto Portability Simulation (APS)

Posted by Spencer Williams on Jan 24, 2017 1:44:02 PM

 

This video presentation is designed to give the viewer a basic understanding of the Auto Portability Simulation (APS), which models the operation and benefits of Auto Portability.

 

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Topics: Auto Portability, RCH Services

Retirement Clearinghouse’s Logo is Changing: Here’s Why

Posted by Spencer Williams on Jan 3, 2017 2:05:22 PM

 

Beginning today, and in the coming weeks ahead, Retirement Clearinghouse will be rolling out our new corporate logo, as part of the ongoing evolution of our retirement savings portability services.

 

Reasons for the Change

Since February 2013, when we announced our rebranding to Retirement Clearinghouse (RCH), we’ve had a singular focus on offering retirement savings portability solutions that 1) minimize cashout leakage and 2) move retirement savings forward when participants change jobs. 

 

Our goal has been nothing short of revolutionizing the processes that occur for retirement savers, post job-change.  RCH’s services have been proven successful in reducing leakage by over 50%, and since 2013 we’ve invested considerable time and energy in bringing auto portability to America’s defined contribution system. 

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Topics: Auto Portability, RCH Services

What To Look For In A Roll-In Service Provider

Posted by Spencer Williams on Aug 19, 2015 9:07:00 AM

 

Give ‘Em What They Want—And Need!

 

Warren Cormier, CEO of Boston Research Technologies, recenty published a research study that revealed that a large majority of plan participants are receptive to consolidating their retirement savings accounts in their current plans.

 

When asked if they would take advantage of a sponsor-provided roll-in service to help with the consolidation process, 83% of millennials, 83% of Generation Xers and 78% of Baby Boomers responded affirmatively if the plan paid for it. Furthermore, the study found that even more participants—91% of millennials, 89% of Gen-Xers and 65% of Baby Boomers—would likely roll IRA balances into the plan.

 

Put the Final Piece in Place

 

The main objective of offering assistance with account consolidation is to help participants avoid the costly mistakes they routinely make—cashing out and stranding accounts in former employer plans. Proactively providing services to avoid these mistakes benefits both sponsors and participants.

 

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Topics: EBN, Auto Portability, Roll-In, RCH Services

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