--- title: RCH Consolidation Corner (9) description: Keep up to date on all of the latest industry news with RCH1 (9) --- [![Retirement Clearinghouse Logo](https://blog.rch1.com/hs-fs/hubfs/raw_assets/public/Retirement_Clearinghouse_May2022/images/logo.png?width=1000&height=648&name=logo.png "Retirement Clearinghouse Logo")](https://rch1.com/) [Privacy Policy](https://securities.rch1.com/common/PrivacyStatement.pdf) [Sponsors/Service Providers](https://rch1.com/plan-sponsors) [Individuals](https://rch1.com/individuals) [Login](https://rch1.com/#) - [Home](https://rch1.com/home-page) - [Individuals](https://rch1.com/individuals) - [Individuals Home](https://rch1.com/individuals/individuals-home) - [Who is RCH?](https://rch1.com/individuals/who-is-rch) - [Why Does RCH Have My Retirement Savings?](https://rch1.com/individuals/why-does-rch-have-my-retirement-funds) - [Manage Your RCH IRA Account](https://rch1.com/individuals/manage-your-rch-ira-account) - [Cash Out Calculator](https://rch1.com/individuals/cash-out-calculator) - 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[Plan Sponsor Support](https://rch1.com/plan-sponsors/rch-client-services) - [The Missing Participant Problem](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants) - [What is a Missing Participant?](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/what-is-a-missing-participant) - [Why Plan Sponsors Should be Concerned](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/why-plan-sponsors-should-be-concerned) - [What Causes Missing Participants?](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/what-causes-missing-participants) - [The Magnitude of the Problem](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/the-magnitude-of-the-missing-participant-problem) - [What Regulations Apply to Missing Participants?](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/what-regulations-apply-to-missing-participants) - [Sources of Uncertainty for Plan Sponsors](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/sources-of-uncertainty-for-plan-sponsors) - [Best Practices for Finding Missing Participants](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/best-practices-for-finding-missing-participants) - [What to Look For in a Search Service](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/what-to-look-for-in-a-missing-participant-search-service) - [Learn More About Missing Participants](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/learn-more-about-missing-participants) - [RCH's Missing Participant Search Service](https://rch1.com/plan-sponsors/addressing-the-problem-of-missing-participants/the-rch-missing-participant-search-service) - [Terminating 401(k) Plans](https://rch1.com/plan-sponsors/terminating-a-401k-plan) - [Why 401(k) Plans Terminate](https://rch1.com/plan-sponsors/terminating-a-401k-plan/why-do-401k-plans-terminate) - [The Process for Terminating 401(k) Plans](https://rch1.com/plan-sponsors/terminating-a-401k-plan/what-is-the-process-for-terminating-a-401k-plan) - [Common Mistakes Sponsors Make](https://rch1.com/plan-sponsors/terminating-a-401k-plan/what-mistakes-do-plan-sponsors-make-when-terminating-401k-plans) - [What to Look for in a Service Provider](https://rch1.com/plan-sponsors/terminating-a-401k-plan/what-to-look-for-in-a-terminating-401k-service-provider) - [Get More Information](https://rch1.com/plan-sponsors/terminating-a-401k-plan/get-more-information-on-terminating-plans) - [RCH's Terminating Plan Service](https://rch1.com/plan-sponsors/terminating-a-401k-plan/plan-termination-services) - [Participant Testimonials](https://rch1.com/plan-sponsors/participant-testimonials) - [Due Diligence Material](https://rch1.com/plan-sponsors/due-diligence-material) - [Contact Us](https://rch1.com/plan-sponsors/contact-us) - [Accountholders](https://rch1.com/individuals) - [Individuals Home](https://rch1.com/individuals) - [Who is RCH?](https://rch1.com/individuals/who-is-rch) - [Why Does RCH Have My Retirement Savings?](https://rch1.com/individuals/why-does-rch-have-my-retirement-funds) - 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[Roll-In](https://blog.rch1.com/blog/topic/roll-in) - [Safe Harbor IRA](https://blog.rch1.com/blog/topic/safe-harbor-ira) - [Saver's Match](https://blog.rch1.com/blog/topic/savers-match) - [Security](https://blog.rch1.com/blog/topic/security) - [Small Accounts](https://blog.rch1.com/blog/topic/small-accounts) - [Stale Dated Checks](https://blog.rch1.com/blog/topic/stale-dated-checks) - [Synthetic Tenure](https://blog.rch1.com/blog/topic/synthetic-tenure) - [Uncashed Check Services](https://blog.rch1.com/blog/topic/uncashed-check-services) - [Uncashed Distribution Checks](https://blog.rch1.com/blog/topic/uncashed-distribution-checks) - [Video](https://blog.rch1.com/blog/topic/video) - [Webcast](https://blog.rch1.com/blog/topic/webcast) - [What is a Missing Participant?](https://blog.rch1.com/blog/topic/what-is-a-missing-participant) [Tweets by @RCHConsolidate](https://twitter.com/RCHConsolidate) ### 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. --- Nov 01 2022 ## [A New Year’s Resolution for Sponsors: Facilitate Automated Plan-to-Plan Portability for Your Participants](https://blog.rch1.com/blog/a-new-years-resolution-for-sponsors-facilitate-auto-portability) ![ebnimage](https://blog.rch1.com/hs-fs/hubfs/ebnimage.jpg?width=200&name=ebnimage.jpg)At a time when terms like “inflation,” “gas prices,” “recession,” and “volatility” dominate chatter about the U.S. economy, plan sponsors and recordkeepers are likely fielding questions and concerns from participants. [Every dollar counts](https://www.benefitnews.com/advisers/opinion/every-dollar-counts-in-todays-zero-interest-rate-environment) when saving for a financially secure retirement, especially with the present volatility in the financial markets. But while investment fund options, asset classes, and fees are important for helping participants weather inflation and save more, there is another way that sponsors and recordkeepers can help participants protect, and increase, their retirement savings in the New Year—facilitate portability. [Read More](https://blog.rch1.com/blog/a-new-years-resolution-for-sponsors-facilitate-auto-portability) Oct 05 2022 ## [BREAKING: Leading 401(k) Providers, RCH Announce National Auto Portability Network](https://blog.rch1.com/blog/breaking-leading-401k-providers-rch-announce-national-auto-portability-network) [**![Sunburst Icon](https://blog.rch1.com/hs-fs/hubfs/PSN%20Files/Sunburst%20Icon.png?width=200&height=203&name=Sunburst%20Icon.png)**](https://rch1.com/news/press-release-americas-leading-401k-providers-and-retirement-clearinghouse-collaborate-to-implement-a-nationwide-network-for-auto-portability?utm_campaign=Cashout%20Leakage%20Email%20Blast&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--SKBwYG-r6tSoReYs7EHZhd_mmGaSLpWJk8XRbiiAA6r55FdXoYqgAxsQiEjyAdAse2BoN)**America’s Leading 401(k) Providers & Retirement Clearinghouse Collaborate to Implement a Nationwide Network for Auto Portability** [Read More](https://blog.rch1.com/blog/breaking-leading-401k-providers-rch-announce-national-auto-portability-network) Sep 26 2022 ## [Why DEI and ‘Traditional’ Automatic Rollovers Don’t Mix](https://blog.rch1.com/blog/why-dei-and-traditional-automatic-rollovers-dont-mix) ![Oil-water](https://blog.rch1.com/hs-fs/hubfs/Oil-water.png?width=200&name=Oil-water.png)In the retirement community, momentum is growing to make our 401(k) system more inclusive and to ensure that retirement savings are more equitable. [Read More](https://blog.rch1.com/blog/why-dei-and-traditional-automatic-rollovers-dont-mix) Sep 15 2022 ## [How Consultants Can Miss the Mark on 401(k) Automatic Rollovers](https://blog.rch1.com/blog/how-consultants-can-miss-the-mark-on-401k-automatic-rollovers) ![Consultants](https://blog.rch1.com/hs-fs/hubfs/Consultants.png?width=200&name=Consultants.png)I'm a big fan of 401(k) plan consultants, who’ve been forceful advocates for the adoption of best practices at leading retirement plan sponsors. So, it’s surprising to me that, when it comes to [automatic rollover](https://rch1.com/automatic-rollovers) programs, consultants sometimes miss the mark, at least in terms of participant outcomes. [Read More](https://blog.rch1.com/blog/how-consultants-can-miss-the-mark-on-401k-automatic-rollovers) Sep 07 2022 ## [401(k) Plans: An Ongoing Public-Private Partnership That Works](https://blog.rch1.com/blog/401k-plans-an-ongoing-public-private-partnership-that-works) ![401k Public-Private Partnership](https://blog.rch1.com/hs-fs/hubfs/401k%20Public-Private%20Partnership.png?width=200&name=401k%20Public-Private%20Partnership.png)The observance of [National 401(k) Day](https://www.psca.org/401k-day-resources) on Friday, September 9th is an opportunity to reflect on the long-running, highly successful public-private collaboration that has fostered the rapid ascendance of America’s 401(k) system. It’s my belief that this partnership will continue to drive innovations that will expand and improve the 401(k) system for millions of Americans – not only helping them to save more but preserving more of their savings for retirement. [Read More](https://blog.rch1.com/blog/401k-plans-an-ongoing-public-private-partnership-that-works) Aug 31 2022 ## [Every Dollar Saved for Retirement Matters -- So Save More By Avoiding Cash-Outs & Consolidating 401(k) Accounts](https://blog.rch1.com/blog/every-dollar-saved-for-retirement-matters-so-save-more-by-avoiding-cash-outs-consolidating-401k-accounts) ![ebnimage](https://blog.rch1.com/hs-fs/hubfs/ebnimage.jpg?width=200&name=ebnimage.jpg)Retired Baby Boomers who are saving for retirement through defined contribution plans like 401(k)s are drawing down their savings faster than their counterparts in previous generations who had pensions and other defined benefit plans, according to [recent industry research](https://www.financial-planning.com/news/boomers-cash-out-401ks-faster-than-predecessors-did-pensions). And on top of that, Baby Boomers who may be relying solely on their defined contribution plans may wind up with less savings for retirement than their counterparts who waited longer to withdraw savings from their defined benefit plans—and could, therefore, outlive their nest eggs. [Read More](https://blog.rch1.com/blog/every-dollar-saved-for-retirement-matters-so-save-more-by-avoiding-cash-outs-consolidating-401k-accounts) Aug 09 2022 ## [Three Ways 401(k) Plan Sponsors Can Boost Participants’ Awareness on National Financial Awareness Day](https://blog.rch1.com/blog/three-ways-401k-plan-sponsors-can-boost-participants-awareness-on-national-financial-awareness-day) ![National Awareness Day](https://blog.rch1.com/hs-fs/hubfs/National%20Awareness%20Day.png?width=200&name=National%20Awareness%20Day.png)August 14th is [National Financial Awareness Day](https://nationaltoday.com/national-financial-awareness-day/#:~:text=August%2014%20is%20National%20Financial%20Awareness%20Day%20and%20a%20good,and%20prepare%20for%20the%20future.), and 401(k) plan sponsors have been instrumental in increasing the financial awareness of millions of Americans by providing them with access to workplace retirement savings plans that materially enhance their prospects for a timely and comfortable retirement. [Read More](https://blog.rch1.com/blog/three-ways-401k-plan-sponsors-can-boost-participants-awareness-on-national-financial-awareness-day) Jul 12 2022 ## [Why Missing Participants Are So Misunderstood](https://blog.rch1.com/blog/why-missing-participants-are-so-misunderstood) ![MPs Misunderstood](https://blog.rch1.com/hs-fs/hubfs/MPs%20Misunderstood.png?width=200&name=MPs%20Misunderstood.png)Winston Churchill, once referring to the intentions of the former Soviet Union, stated: “it is a riddle, wrapped in a mystery, inside an enigma.” For 401(k) plan sponsors, that’s an apt description for the problem of [missing participants](https://rch1.com/missing-participants). [Read More](https://blog.rch1.com/blog/why-missing-participants-are-so-misunderstood) Jul 01 2022 ## [Newly Proposed Legislation Can Help Resolve America’s Retirement-Savings Gaps](https://blog.rch1.com/blog/newly-proposed-legislation-can-help-resolve-americas-retirement-savings-gaps) [![ebnimage](https://blog.rch1.com/hs-fs/hubfs/ebnimage.jpg?width=200&name=ebnimage.jpg)](https://www.benefitnews.com/advisers/opinion/advancing-auto-portability-act-can-resolve-retirement-savings-gaps)Vanguard’s *How America Saves* report for 2022 provided cause for optimism with some of its findings. For example, employee participation rates in Vanguard-managed defined contribution plans remain high, and have not declined year-over-year during the pandemic. The majority of participants in Vanguard plans also increased or maintained their contributions last year, and the average account balance for Vanguard participants increased by 10% year-over-year, to $141,542. [Read More](https://blog.rch1.com/blog/newly-proposed-legislation-can-help-resolve-americas-retirement-savings-gaps) Jun 15 2022 ## [Five Reasons Why New 401(k) Auto Portability Legislation is So Important](https://blog.rch1.com/blog/five-reasons-why-new-401k-auto-portability-legislation-is-so-important) ![Capitol\_Hill\_HD\_sign\_at\_500\_Independence\_Ave\_SE\_-\_Washington\_DC](https://blog.rch1.com/hs-fs/hubfs/social-suggested-images/Capitol_Hill_HD_sign_at_500_Independence_Ave_SE_-_Washington_DC.jpg?width=200&name=Capitol_Hill_HD_sign_at_500_Independence_Ave_SE_-_Washington_DC.jpg)A newly proposed bill -- the [Advancing Auto Portability Act of 2022](https://www.scott.senate.gov/imo/media/doc/Advancing%20Auto%20Portability%20Act%20of%202022.pdf), co-sponsored by Senators Tim Scott (R-S.C.) and Sherrod Brown (D-Ohio), will offer tax credits to plan sponsors who implement auto portability, and codify rules for an industrywide auto portability network. The bill is expected to be rolled into the Senate version of the bipartisan Securing a Strong Retirement Act of 2022, which passed the U.S. House of Representatives on March 29 of this year. Here are five reasons why the new auto portability legislation introduced in the Senate is so important. [Read More](https://blog.rch1.com/blog/five-reasons-why-new-401k-auto-portability-legislation-is-so-important) Page: [‹](https://blog.rch1.com/blog/page/8) [7](https://blog.rch1.com/blog/page/7) [8](https://blog.rch1.com/blog/page/8) [9](https://blog.rch1.com/blog/page/9) [10](https://blog.rch1.com/blog/page/10) [11](https://blog.rch1.com/blog/page/11) [›](https://blog.rch1.com/blog/page/10) [Tweets by @RCHConsolidate](https://twitter.com/RCHConsolidate) - [Blog](https://blog.rch1.com/blog) - [401k Cash Outs](https://blog.rch1.com/blog/topic/401k-cash-outs) - [401k Consolidation](https://blog.rch1.com/blog/topic/401k-consolidation) - [401k Plan Termination](https://blog.rch1.com/blog/topic/401k-plan-termination) - [America's Mobile Workforce](https://blog.rch1.com/blog/topic/americas-mobile-workforce) - [Assisted Roll-in](https://blog.rch1.com/blog/topic/assisted-roll-in) - [Auto Enrollment](https://blog.rch1.com/blog/topic/auto-enrollment) - [Auto Portability](https://blog.rch1.com/blog/topic/auto-portability) - 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