WRAL Tech Wire

Retirement services firm RollOverSystems becomes Retirement Clearinghouse

Logo for Retirement Clearinghouse, formerly RollOverSystems

By WRAL Tech Wire

The Charlotte company said that the rebranding will come with an expansion of services that help 401(k) sponsors manage costs and complications that arise when workers enter and exit retirement plans.

Retirement Clearinghouse provides services to retirement plan sponsors and their participants. The company says an estimated 9 million workers cash out $74 billion each year from their retirement accounts. The firm says that it can reduce these cashouts and save plan expenses.

Retirement Clearinghouse is owned by RLJ Companies, founded by Robert L. Johnson. Johnson’s portfolio includes businesses operating in hotel real estate investment, private equity, financial services, asset management, insurance services, automobile dealerships, sports and entertainment and video lottery terminal gaming. The RLJ Companies is headquartered in Bethesda, MD. Prior to founding The RLJ Companies, Johnson was founder and chairman of Black Entertainment Television.

WRAL Tech Wire any time: Twitter, Facebook

Log in or upgrade to view WRALTechWire Insider content

To access this premium content and other benefits, become a WRAL TechWire Insider. Daily, monthly, and annual memberships available.

Editor's Blog

The latest blog posts from our WRAL Tech Wire and WRAL editors. Read more articles…