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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.


Nov
19
2019

The Surprising Migratory Patterns of Job-Changing Participants

Employee Benefit NewsMuch has been written in the media, including this column, about the increase in mobility of today’s American workforce.

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Oct
28
2019

The Playbook for Conducting Diligent Missing Participant Searches

The PlaybookSponsors of active retirement plans are increasingly challenged by the problem of missing participants, and the difficulties they face in performing diligent searches.  After all, ensuring that plan participants (or their beneficiaries) receive the benefits they’re owed is a sponsor’s primary fiduciary responsibility.

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Oct
21
2019

Safe-Harbor IRAs are Supposed to be Temporary

ebnimageFifteen years ago, when safe-harbor IRAs were first proposed as a destination for small, stranded 401(k) accounts that can be automatically rolled out of plans, then-U.S. Assistant Secretary of Labor Ann L. Combs spelled out what these investment vehicles were supposed to accomplish.

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Sep
27
2019

The Auto Portability Imperative

CashOutLeakageBridge
Cashout leakage, a long-standing problem in America’s defined contribution system, is a silent crisis that unnecessarily robs millions of Americans of a comfortable, timely or secure retirement. Plagued by misunderstanding and neglect, it’s vitally important to understand the problem and to take decisive action to curb it.
 
The fifth of a five-part series, this article addresses auto portability, a solution that not only makes sound business sense, but delivers a positive societal impact for the corporations adopting it.
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Sep
16
2019

The Most Promising Policies to Reduce 401(k) Cashout Leakage

CashOutLeakageBridgeCashout leakage, a long-standing problem in America’s defined contribution system, is a silent crisis that unnecessarily robs millions of Americans of a comfortable, timely or secure retirement. Plagued by misunderstanding and neglect, it’s vitally important to understand the problem and to take decisive action to curb it.  The fourth of a five-part series, this article addresses policies with the most promise to reduce the 401(k) cashout leakage problem.
 
 
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Sep
10
2019

Cash-Out Leakage is Still Too High—and Auto Portability can Help

Employee Benefit News Logo401(k) account cash-outs remain a potent threat to Americans’ retirement-readiness and by all accounts the U.S. Department of Labor agrees, having issued its final Prohibited Transaction Exemption (PTE) for auto portability at the end of July.

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Aug
21
2019

The Magnitude of the 401(k) Cashout Leakage Problem

Cashout LeakageCashout leakage, a long-standing problem in America’s defined contribution system, is a silent crisis that unnecessarily robs millions of Americans of a comfortable, timely or secure retirement.  Plagued by misunderstanding and neglect, it’s vitally important to understand the problem and to take decisive action to curb it.  The third of a five-part series, this article addresses the magnitude of the 401(k) cashout leakage problem.

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Aug
20
2019

The Safe-Harbor IRA: Friend or Foe?

ebnimageAutomatic rollovers of small, stranded 401(k) savings accounts are, on the surface, helpful for plan sponsors to keep their plans lean and healthy. However, “on the surface” is the key part of the previous sentence.

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Jul
31
2019

An Important Milestone: The DOL Issues Final Prohibited Transaction Exemption for Auto Portability

From The TopOn July 31st, the U.S. Department of Labor (DOL) released the final Prohibited Transaction Exemption (PTE) to Retirement Clearinghouse (RCH) for the RCH Auto Portability program, completing the regulatory framework and clearing the way for auto portability’s widespread adoption.   

This new development represents an important milestone on the path to auto portability, a private-sector innovation that will help prevent 401(k) cashout leakage, increase plan efficiencies and improve the prospects of a timely, comfortable and secure retirement for millions of Americans.

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Jul
26
2019

The Demographics of 401(k) Cashout Leakage

Cashout LeakageCashout leakage, a long-standing problem in America’s defined contribution system, is a silent crisis that unnecessarily robs millions of Americans of a comfortable, timely or secure retirement.  Plagued by misunderstanding and neglect, it’s vitally important to understand the problem and to take decisive action to curb it.

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