Retirement Clearinghouse

Retirement Clearinghouse, also known as RCH, is a United States‑based organization that facilitates the transfer of retirement accounts between financial institutions. Its headquarters are located in the United States of America. The company acts as an intermediary that moves assets such as Individual Retirement Account (IRA) holdings from one provider to another on behalf of consumers and employers. By providing this transfer service, RCH helps individuals consolidate or move their retirement savings without needing to liquidate investments. The service is designed to reduce administrative burden and potential tax complications associated with account transfers. RCH operates within the financial services sector, focusing specifically on the retirement plan marketplace.

Retirement Clearinghouse specializes in handling sensitive personal data that accompanies retirement account movements, including names, Social Security numbers, and account identifiers. This specialization requires the organization to maintain robust information security controls to protect the personally identifiable information it processes. In March 2023, RCH experienced a cybersecurity incident in which an employee email account was accessed without authorization, exposing the names, Matrix Trust Company IRA account numbers, and Social Security numbers of 10,509 individuals. Following the breach, the organization secured the compromised account, conducted an investigation, and notified the affected individuals as part of its data breach response. The incident underscores the critical nature of data protection for a clearinghouse that deals with high‑value retirement assets. RCH’s role as a facilitator of retirement transfers positions it as a niche player within the broader financial services industry, distinct from traditional banks or investment firms.