Blog

Menu

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.


Feb
23
2018

A New Solution to Tackle the Old Problem of Missing Participants

Employee Benefit NewsDespite differences big and small, all retirement plan sponsors and record-keepers experience at least one common problem—the seemingly intractable incidence of participants who have left behind small accounts in the plans sponsored by their former employers and failed to update their address when they subsequently change residence, a.k.a. missing participants.

Read More
Jan
30
2018

Why America Urgently Needs a ‘Sustainable’ Defined Contribution System

America’s defined contribution system is unsustainable RecycleAmerica’s defined contribution system is unsustainable – urgently requiring an upgrade to effectively deliver on its intended goal – helping millions of Americans enjoy a timely and comfortable retirement. 

 

Read More
Jan
23
2018

The Crucial Role of the CSIRT

Computer Security Incident Response TeamBorn out of crisis, the modern Computer Security Incident Response Team, or CSIRT (pronounced ‘see-sert’) is responsible for coordinating the response to an organization’s computer security incidents. 

With cybersecurity threats everywhere, CSIRTs play an indispensable role in the retirement industry, and in the future, should become a vital component for facilitating industry-wide collaboration in the face of cyberattacks

Read More
Jan
11
2018

Two Retirement Public Policy Initiatives Moving Forward in 2018

public policy retirement initiatives 2018In late 2017, retirement industry observers breathed a collective sigh of relief when “Rothification” of 401(k) plans, once considered as a part of new tax legislation, was abandoned.  With Rothification in the rear-view mirror, policymakers have begun turning their attention to other, more-promising initiatives.

Read More
Jan
02
2018

Auto Portability Makes Everything Better

Bacon SizzlingBeginning in 2000 and continuing for a decade, American consumers were overtaken by “bacon-mania” – an obsession with the tasty, fried cured-pork treat that included cookbooks, exotic new products and a catchy slogan: “Bacon Makes Everything Better.” Great all by itself, bacon was hailed as having the added virtue of improving the taste of almost any dish it was added to.

Read More
Dec
28
2017

The Most Urgent New Year’s Resolutions for Plan Sponsors

Three 2018 ResolutionsHow are you hoping to improve yourself in 2018?

The most common New Year’s resolutions usually have to do with personal appearance, health, or behavior—losing weight, exercising more, dieting, quitting smoking, etc. Popular polls indicate that many of us are after a slimmer, fitter body for ourselves after each New Year’s Day.

Similarly, defined contribution plan sponsors are likely thinking about how they can make their plans more attractive and streamlined in 2018.

Read More
Dec
11
2017

The Best Blueprint for Improving Retirement Security

EBN LogoMuch has been written in this column and elsewhere about the benefits that auto portability, and seamless plan-to-plan portability in general, can provide to millions of retirement-savers across America. As any entrepreneur can testify, it is challenging to initiate a major innovation, and then persevere through all the twists and turns along the road to widespread adoption. Fortunately for everyday Americans saving for retirement, there is already an established blueprint in place for launching a nationwide, private-sector retirement clearinghouse that will enable auto portability.

Read More
Nov
15
2017

The Results Are In: Auto Portability is a Winner!

And the winner is Auto PortabilityOn November 7th, Retirement Clearinghouse (RCH) issued a press release announcing the results of the first-ever implementation of auto portability, as evaluated by Boston Research Technologies (BRT)’s Warren Cormier in his just-published white paper “Making the Right Choice the Easiest Choice: Eliminating Friction and Leaks in America’s Defined Contribution System.”

Read More
Nov
01
2017

How to Contain the Damage from the Small-Account Explosion

Employee Benefit NewsMuch has been written about the proliferation of small accounts in our nation’s retirement system, and the problems that this explosion has created. A primary solution to the small-account quandary that I have frequently advocated in this column is auto portability.

Read More
Oct
25
2017

In Search Of: Guidance for Locating Missing Participants

In Search of GuidanceTwo weeks ago, I authored an article applauding the American Benefits Council for their October 2nd, 2017 letter to the Department of Labor (DOL), which clearly identified the root causes of missing participants: a highly-mobile workforce and a lack of retirement savings portability. Extending the Council’s insight, I maintained that what’s really “missing” in our defined contribution system are initiatives that move retirement savings forward when participants change jobs, such as auto portability. When implemented, these initiatives could serve to dramatically decrease the overall incidence of missing participants.

Read More
Page:
«
1 2 3 4 5