FinTech
NAPAFIRMPARTNERS
Charlotte, NC • RCH1.com
Dallas, TX • RetireReady.com
Retirement Clearinghouse, LLC
RetireReady Solutions
Key Contact(s)
Key Contact(s)
Neal Ringquist 704.248.5895 • nringquist@rch1.com Tom Hawkins 704.248.5861 • thawkins@rch1.com General Sales 866.827.9608 • sales@RCH1.com
Ken Street 503.831.1111 • Ken@RetireReady.com Brian Woolard 503.831.1111 • Brian@RetireReady.com Key Contact Edward Dressel 503.831.1111 • Dressel@RetireReady.com
Firm Profile In Business Since: 2001 Charlotte, NC-based Retirement Clearinghouse (RCH) is a financial technology services organization that works with plan sponsors and service providers to move participants’ retirement savings forward as they change jobs. RCH is an innovator, pioneering solutions proven to deliver unprecedented benefits to America’s defined contribution system, including auto portability. RCH, along with six top ten DC owner member recordkeepers, created an industry-led utility to accelerate adoption of auto portability – the automatic transfer of small balance retirement accounts as workers shift employers. Auto portability helps America’s under-served and under-saved workers, especially minorities, women & low-income workers, improve their retirement outcomes.
Product / Service Category • Administrative Services • Trustee/Custody • Participant Communications • Tracking/identifying lost Participants • Other
Product / Service Description Auto Portability: For participants subject to their plan’s automatic rollover provisions, auto portability automatically transfers a safe harbor IRA or plan balance to a participant’s new, active plan as they change jobs. In 2023, auto portability commenced operations via the Portability Services Network, LLC, an industry-led utility. Visit PSN1.com for more information.
Firm Profile In Business Since: 1986 RetireReady Solutions has been helping financial advisors engage and educate individuals toward retirement readiness since 1986. We were initially focused on helping 403(b) advisors engage their clients, and today, we illustrate cash flow from over 700 public pension plans. We were ranked a Fortune 100 Company 403(b)-division’s best sales tool by focusing on understandable and actionable education. We have used what we have learned about engagement and are helping plan advisors increase their assets through higher participant deferrals and finding assets out side of the plan.
Product / Service Category • Financial wellness • Participant Communications • Software
Product / Service Description Our solutions help advisors engage 401(k) plan participants with educational tools for funding their retirement. Our easy-to-understand and actional reports show the need for increased contributions and the impact on their take-home pay. The report can also include how to take baby steps towards retirement readiness, showing smaller increases in their retirement contributions. It also naturally facilitates the discussion of rolling outside assets into the plan.
RCH Automatic Rollover Service: The most fiduciary-friendly automatic rollover service in the market and the only automatic rollover service proven to reduce cash outs, to offer safe harbor IRA account holders with a beneficial monthly fee structure, and with a proven track record of consolidating former participants’ retirement savings. RCH Managed Portability Service: Delivers state-of-the-art, facilitated roll-in services for new/active participants, and provides unbiased assistance for terminated participants to consolidate their savings into an existing IRA or to a new employer’s plan. Increases retirement readiness, while improving a broad range of plan metrics. RCH’s Address Location Service: Helps plan sponsors and their providers locate missing participants, fulfilling the plan’s fiduciary responsibilities while minimizing administrative burdens. The service offers multiple search levels which vary search intensity as required. RCH Uncashed Distribution Check Service: Solves the uncashed check problem through an automatic rollover to an RCH Safe Harbor IRA, established in the name of the participant or beneficiary. Participants with uncashed distributions receive an enhanced standard of care for an uncashed check program. RCH Terminating Plan Service: A comprehensive, one-stop, fully integrated solution for terminating plans, including participant notifications, missing participant search services, Call Center services and Safe Harbor IRA.
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NAPABLACKBOOK2023