Consolidation Corner

The Results Are In: Auto Portability is a Winner!

Posted by Michael Wilder on Nov 15, 2017 8:09:58 AM


On November 7th, Retirement Clearinghouse (RCH) issued a press release announcing the results of the first-ever implementation of auto portability, as evaluated by Boston Research Technologies (BRT)’s Warren Cormier in his just-published white paper “Making the Right Choice the Easiest Choice: Eliminating Friction and Leaks in America’s Defined Contribution System.”

Those of us who have worked diligently to bring auto portability to fruition have intuitively known it’s value in preserving small-balance retirement savings. Still, it was highly gratifying to have this view confirmed by the analysis presented in BRT’s white paper.

Auto Portability’s First Implementation

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Topics: Auto Portability, Safe Harbor IRA, Automatic Rollovers, Boston Research Technologies, Automatic Roll-In, Locate & Match

A Big Step Forward for Auto Portability

Posted by Thomas Hawkins on Jul 25, 2017 12:11:50 PM

On July 11th, 2017, a small group of retirement services professionals at Retirement Clearinghouse (RCH)  successfully conducted the first-use of a new and important financial technology.  Known as “locate & match” -- the technology represents a breakthrough in the ability to automatically move small balances forward in America’s defined contribution system, and forms the backbone of RCH Auto Portability.

 

For the first time, auto portability is now live in America’s defined contribution system.

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Topics: Auto Portability, Safe Harbor IRA, Automatic Rollover, Automatic Roll-In, Locate & Match

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