Consolidation Corner

Thomas Johnson

E. Thomas (Tom) Johnson Jr. is Retirement Clearinghouse's Head of Business Development within the financial services industry. He also works with Spencer Williams on RCH public policy development. A financial services industry veteran of more than 35 years, Johnson previously was SVP and head of Business Development for New York Life’s Retirement Income Security business, where he was responsible for developing and leading New York Life’s strategy with regard to guarantees in retirement plans and rollover IRAs. Prior to New York Life, Johnson was with MassMutual for 12 years, most recently as head of Business Development for the company’s Retirement Income Business. Johnson began his career at The Johnson Companies, a benefits consulting firm, recognized as the birthplace of the 401(k) savings plan. He has a B.A. in Religion from Gettysburg College and attended the Harvard Business School Program for Management Development. He has been a Board member of the Plan Sponsor Council of America, the Retirement Income Industry Association and a trustee for the Employee Benefit Research Institute.
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Recent Posts

March 30th Washington DC Forum to Showcase Retirement Plan Portability & Public Policy

Posted by Thomas Johnson on Mar 23, 2017 6:34:27 AM

 

An upcoming event in Washington, DC, to be held on March 30th and hosted by the Financial Services Roundtable, promises to be both highly-interesting and informative, addressing the very latest in retirement plan portability research and development.

 

The event, Retirement Plan Portability & Public Policy: Unlocking the potential in portability, will take place at the Financial Services Roundtable’s headquarters [map] from 10:30 a.m. to Noon, and is free to attend. To register, click here. Click here to view a full agenda.

 

The event features an all-star lineup of presenters, including:

 

Key topics include:

  • New research by the Employee Benefit Research Institute (EBRI) on the overall benefits of portability to America’s defined contribution system
  • The latest on Auto Portability, including:
    • Auto Portability Explained
    • The Auto Portability Advisory Opinion
    • An Auto Portability Progress Report
    • Auto Portability & the Future of Portability
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Topics: Auto Portability, 401(k) Consolidation, Plan Portability, America's Mobile Workforce, Retirement Plan Portability, Financial Services Roundtable

LIMRA's Secure Retirement Institute Features Auto Portability Research

Posted by Thomas Johnson on Jan 18, 2017 5:31:32 PM

 

 

This January, LIMRA’s Secure Retirement Institute is promoting their research on Auto Portability, which contains an impressive array of information.

 

Entitled “DConversations – Automatic Portability: A New Approach to Addressing Retirement Plan Leakage” – the research includes:

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Topics: Auto Portability, Roll-In, Leakage, LIMRA

Celebrating 20 Years of Being WISER!

Posted by Thomas Johnson on Sep 16, 2016 11:15:24 AM

 

Retirement Clearinghouse and the RLJ Companies congratulate the Women’s Institute for a Secure Retirement (WISER) on their Twentieth Anniversary Celebration and HERO Awards Reception, taking place September 20th, 2016 at 101 Constitution Avenue, NW, Washington, DC. 

 

WISER helps women, educators and policymakers understand the important issues surrounding women’s retirement income. Led by Cindy Hounsell, President, and an outstanding staff, WISER delivers education and information in easy-to-understand language that explains complex financial issues that women face. WISER has been the driving force behind a series of state and local events on women’s long-term financial security. WISER has significant influence with policymakers at the federal, state and local levels and is highly-regarded and respected in the private sector.

 

Retirement Clearinghouse and the RLJ Companies have a natural affinity with WISER, sharing a mission to improve Americans’ long-term financial quality of life. We are pleased to support WISER’s efforts.

 

Congratulations!

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Topics: Auto Portability, Cash Outs, Lifetime Plan Participation

WISER Fall Forum to Explore Auto Portability As Solution to Reducing Cash Outs and Preserving 401(k) Assets

Posted by Thomas Johnson on Sep 28, 2015 3:34:20 PM

On Wednesday, September 30th, the Women’s Institute For a Secure Retirement (WISER), in collaboration with Retirement Clearinghouse (RCH), hosts a Forum entitled The Leading Edge - Auto Portability: Solution to Prevent Cash Outs & Preserve 401(k) Assets.

 

WISER’s website describes the event:

Cashing out retirement money is a significant problem. Nearly 45% of workers cash out their retirement accounts when they change jobs, and the largest number of cash outs are from those workers with less than $5,000 in their accounts. Women in particular can benefit most from portability of assets. This forum will highlight the important issues surrounding cash outs and the role that auto portability can play in keeping this money in retirement accounts.

 

The agenda features four panels, addressing:

  • Keeping Money in Retirement Plans
  • Preventing Cash Outs: Why It Matters
  • Leading Edge Strategies and Options
  • Capitol Hill

 

 

Besides the panels, featured speakers will include Senator Patty Murray (D-WA), Mark Iwry, US Treasury Department, and RCH’s own Spencer Williams, who will walk attendees through the Auto Portability framework.

 

As with every WISER Forum, the panels are stocked with industry experts from every sector, including plan sponsors, institutions, centers of influence and public policymakers.

 

RCH salutes WISER for its leadership role in bringing attention to Auto Portability and for assembling an outstanding agenda, speakers and panelists.

 

To attend the WISER Fall Forum, register here.

 

For more information on Auto Portability, download the Auto Portability Frequently Asked Questions (FAQ) brief.

 

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Topics: Auto Portability, Safe Harbor IRA, Automatic Rollovers, Cash Outs, Lifetime Plan Participation

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