For Immediate Release

Marketing Contact:

Eric Howard

Simio simulation yields insights into retirement savings

Sewickley, Pa. – July 19, 2016. Retirement Clearinghouse, LLC used Simio simulation software to reveal that widespread adoption of plan-to-plan transfers for small-balance accounts could generate more than $115 billion in new employer-plan savings for the current and next generation of plan participants.

The simulation is the first time discrete event simulation has been used to model the effects of America’s mobile workforce in the retirement industry. Retirement Clearinghouse used Simio to model the effect of leakage – when employees cash out retirement accounts upon switching jobs – for those retirement accounts containing less than $5,000. J. Spencer Williams, founder, president and CEO of Retirement Clearinghouse, presented the simulation results at recent Employee Benefits Research Institute Policy Forum with Ricki Ingalls, a consultant with Diamond Head Associates.

Simulation valuable for financial industry

C. Dennis Pegden, Ph.D., Simio Chief Executive Officer and Founder, notes that the results of Retirement Clearinghouse’s simulation point to ways that the financial industry could benefit from discrete event simulation. “Industries that need to track multiple processes will likely find that Simio discrete-event simulation can better model their reality than even the most sophisticated spreadsheet, and provide more detailed information than big data analysis,” Pegden says.

Williams envisions many other opportunities for Simio simulation to provide a picture of the industry. “We are likely to continue building out the mobile work force model so that eventually we will have a clear picture of the full impact that portability solution will have on the industry,” he says. “I can already feel new demand that says, ‘You’ve given me an answer that I didn’t expect. I want to know more.’  That will drive examination of the other segments of the industry.”

Retirement Clearinghouse, LLC is the leading provider of portability and consolidation services for defined contribution plans. Its integrated financial technology, data and information solutions facilitate automated consolidation of small, redundant accounts for sponsors to improve plan performance metrics, and enable participants, regardless of account balance, to seamlessly transport their retirement savings through every phase of their careers.

About Simio LLC

Simio LLC is an enterprise software business delivering disruptive solutions uniquely positioned to improve the design and operation of our customers’ businesses. Simio software is based on ground-breaking Simulation technology and is trusted by decision makers in the world’s largest companies. We are an agile, fast-growing business solving the challenges of the 4th industrial revolution. For more information about Simio LLC and the Simio Forward Looking Digital Twin, visit