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Consolidation Corner Blog

Consolidation Corner is the Retirement Clearinghouse (RCH) blog, and features the latest articles and bylines from our executives, addressing important retirement savings portability topics.


Jan
17
2022

Robert L. Johnson, Chairman of the Board and Largest Shareholder of Retirement Clearinghouse, Secures Endorsement of Two Civil Rights Organizations for Auto Portability

NAACP and NUL EndorsementsRobert L. Johnson, Founder and Chairman of The RLJ Companies and Chairman of the Board and largest shareholder of Retirement Clearinghouse (RCH), has secured endorsements for auto portability from two premier civil rights organizations – the National Urban League, and the National Association for the Advancement of Colored People (NAACP) – both with over a century of experience advocating for solutions that address the inequities and economic challenges experienced by Black Americans and by other communities of color.

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Jan
06
2022

Four Reasons Why 401(k) Auto Portability is Inevitable

AP is InevitableDespite my being a long-time, unabashed proponent of auto portability – the new plan feature that provides seamless, end-to-end portability for small 401(k) retirement savings accounts – it’s always felt like an uphill battle to bring about its widespread adoption in our 401(k) system.

While that battle is by no means over, in late 2021, I finally accepted and now firmly believe that auto portability is, in fact, inevitable.

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Dec
13
2021

Kennedy Townsend: Solving Portability and Cashout Leakage are a Key DOL Priority

KKT_EBRI_SplashOn 12/6/21, the Employee Benefit Research Institute (EBRI) conducted day 1 of their two-day 90th Annual Public Policy Forum.  This forum’s theme was “A Path to a More Equitable Solution: Solving the Retirement Coverage Gap” and it seems to have been highly popular, as it broke EBRI’s previous record for forum attendance. 

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Dec
08
2021

Three New Year’s Resolutions for 401(k) Plan Sponsors

2022_ResolutionsFollowing on the heels of three compelling events that occurred in 2021, 401(k) plan sponsors would be well-served by making three 2022 New Year’s resolutions that, if acted upon, could deliver significant benefits for their plans, for their participants and ultimately, for the entire 401(k) ecosystem.
 

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Dec
02
2021

A Brief History of Auto Portability

Video_Splash-1Auto portability is a new “automatic” plan feature rapidly gaining acceptance by large defined contribution recordkeepers. While the feature is relatively new, it’s tempting to view auto portability as an “overnight success.” In fact, auto portability has been a long time in the making.  In the article and in the embedded video below, please enjoy a “brief history” of auto portability.

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Nov
24
2021

Assessing the State of DC Plans & Retirement Savings, 15 Years After the Pension Protection Act

Employee Benefit NewsTraditionally, the anniversary gift for couples celebrating their 15th wedding anniversary is crystal. When the Pension Protection Act of 2006 was signed into law 15 years ago, a crystal ball would have been useful. Although this legislation was (commendably) crafted with the best of intentions, its unintended consequences for defined contribution plan participants and sponsors continue to reverberate.
 

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Nov
18
2021

Four Reasons Why Auto Portability Can't Wait

This Way to Your Next JobAuto portability can’t wait.

There are four key reasons why the new plan feature that automatically moves small balance retirement savings forward as 401(k) participants change jobs can wait no longer.

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Oct
29
2021

Solving Cashout Leakage, Auto Portability Featured in Senate Committee Hearing

SenateAgingCommittee_WEBA 10/28/21 hearing by the U.S. Senate’s Special Committee on Aging, titled A Financially Secure Future: Building a Stronger Retirement System for All Americans, was highly-focused on the problems of cashout leakage, as well as its most promising solution, auto portability.

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Sep
29
2021

The Top Five Misconceptions About Auto Portability

MisconceptionsAuto portability is a new “automatic” plan feature that is rapidly gaining acceptance by large defined contribution recordkeepers serving almost 10 million participants. While the feature is relatively new, it has received a great deal of attention in the media and has also been the beneficiary of definitive regulatory guidance, promulgated by the Department of Labor (DOL).

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Sep
21
2021

Vanguard Joins the Auto Portability Clearinghouse

breaking-news-vanguardIn a press release issued 9/21/21, The Vanguard Group (“Vanguard”) announced it has engaged with Retirement Clearinghouse (RCH) to introduce the RCH Auto Portability program to their defined contribution plan sponsor clients in mid-2022.

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