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Consolidation Corner Blog

Consolidation Corner is the Retirement Clearinghouse (RCH) blog, and features the latest articles and bylines from our executives, addressing important retirement savings portability topics.


Neal Ringquist

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Neal Ringquist is Retirement Clearinghouse's Executive Vice President, Chief Sales Officer and is a member of RCH's Executive Leadership Team. Ringquist is responsible for the company's overall marketing strategy and for all institutional sales activities.
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Recent Posts

Sep
07
2016

Making Your Day, Re-Visited: When Retirement Savers’ Luck Runs Out

MarketWatchIn his most recent article in MarketWatch, "Are you still feeling luck, 401(k) saver?" RCH’s Spencer Williams reprises last year’s 7/10/15 article where he channeled Clint Eastwood’s iconic movie hero “Dirty Harry” Callahan. Just like the movie villains whose luck ran out at the hands of Dirty Harry, retirement savers who strand their 401(k) accounts must run a gauntlet of decidedly unlucky outcomes – including involuntary cashouts, automatic rollovers and savings-depleting fees.

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Aug
23
2016

New Penalties for Lost Participants Take Effect

Penalty definition New penalties for lost participants take effect

In November of 2015, Congress enacted the Federal Civil Monetary Penalties Inflation Adjustment Act Improvements Act to apply inflation adjustments to various penalties defined under the Federal Civil Inflation Adjustment Act of 1990. One of those penalties was the $10 per employee penalty for failure to furnish reports to certain former participants and beneficiaries or maintain records. The new penalty, as published in the Federal Register (Table C), is now $28 per employee, effective August 1, 2016.

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Aug
09
2016

Why Small Balance Cash Outs Are Falling Through the Cracks

Market Share by NumbersAccording to the recently released 2016 Willis Towers Watson U.S. Retirement Governance Survey, a major trend in retirement plan governance is the growing concern employers have for employees’ retirement benefit adequacy and financial well-being. To address this concern, sponsors indicated plans to increase monitoring of participant behaviors, using metrics such as plan participation and contribution rates, as well as carefully tracking the performance of their plans’ investment managers.

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Aug
02
2016

Brexit Reminds Retirement-Savers Why Account Consolidation is Important

MarketWatchIn his most recent article in MarketWatch, RCH’s Spencer Williams cites the recent market trauma experienced in the wake of the United Kingdom’s decision to exit the European Union (“Brexit”) as a good reason for retirement-savers to consolidate their accounts.

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Jul
01
2016

When it Comes to Saving for Retirement, Millennials Can Learn from Baby Boomers’ Mistakes

MarketWatchIn his 6/30/16 MarketWatch article, RCH President and CEO Spencer Williams suggests an inter-generational dialogue on the pitfalls to avoid when saving for retirement.

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Jun
21
2016

Calls for Portability Solutions to Curb Cash Out Leakage Growing Louder

Washington DC USACash out leakage – the premature withdrawal of retirement savings for non-retirement expenses – is a persistent problem in the retirement industry, and growing more pervasive as employee mobility increases.

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Jun
06
2016

Advice college graduates won't hear at commencement: ‘Strive for 25’

MarketWatchAs they set out into the working world, RCH President & CEO Spencer Williams counsels the Class of 2016 on the importance of developing good saving habits from the very beginning.

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May
09
2016

What you won’t hear in commencement addresses

MarketWatchIn his May 9th article in MarketWatch’s Retirement Mentors blog, RCH President & CEO Spencer Williams offers sage advice to college graduates as they enter the workforce:  consolidate your retirement savings!

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Apr
04
2016

Roll-In Services are a Slam Dunk for Sponsors & Participants

MarketWatchIn his April 1st, 2016 article in MarketWatch, RCH’s CEO Spencer Williams describes the sting that retirement savers feel -- not once, but twice -- when they choose to cash out their 401(k) savings.

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Mar
30
2016

The Fiduciary Rule and Participant Transition Management

IRA Rollover Leave In Plan Cash Out Transitioning Participant Eye TestAny day now, the Department of Labor will issue the final version of the long-awaited “Fiduciary Rule” which will redefine the term “fiduciary” under ERISA.  Much has been written about the impact on advisors and broker-dealers, given their service models to retirement plans.  

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