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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.


Mar
20
2020

How Does Auto Portability Work? Watch the Video.

How AP Works Blog ImageLooking for a quick primer on how auto portability works? Watch the video below, which walks you through the four-step process, including:

1. Worker changes jobs
2. Locate new worker's account
3. Match data
4. Savings follow worker

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Feb
25
2020

New Research Confirms Clear Shift Towards Plan-to-Plan Portability

Shift New Research Confirms Clear Shift Towards Plan-to-Plan PortabilityIncreasingly, 401(k) plans have become more-and-more “institutionalized” – reflected by an increased level of sophistication in investment options, coupled with a downward trend in fees. 

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Feb
20
2020

Video: Is Auto Portability the Next 401(k) ‘ESG’ Initiative?

Is Auto Portability the Next 401(k) ‘ESG’ Initiative?

Three recent developments indicate that the retirement industry is waking up to the need to address 401(k) cashout leakage, and importantly – from within the framework of corporate social responsibility.

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Feb
10
2020

How Socially Responsible Corporations Will Solve the 401(k) Cashout Crisis

RetirementSavingsEvery year a silent, slow-motion train wreck occurs in America’s 401(k) system, when millions of job-changing workers prematurely cash out billions of dollars in retirement savings, a phenomenon known in retirement industry lingo as “cashout leakage."
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Jan
29
2020

The New Age of DC Plan Portability

The New AgeA recent survey of defined contribution (DC) plan sponsors found that interest in retaining assets for retirement is on the rise. That finding, paired with certain provisions of the SECURE Act of 2019, suggests that DC plans are on a path to becoming “decumulation vehicles” for American retirees. While these developments are encouraging, persistently high levels of cashout leakage, increasing missing participants and other factors produce understandable pessimism regarding the future of DC plans. 


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Dec
24
2019

A Financial Wellness Program You Can Actually Measure

Employee Benefit News

Although the financial wellness of employees has emerged as a top priority for employers in recent years, too many workers are still struggling to improve their financial health.

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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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Aug
16
2018

A Tale of Two 401(k) Balance Segments

A Tale of Two 401k Balance SegmentsIt was the best of times, it was the worst of times. 

For job-changing 401(k) participants with balances greater than $15,000, it was the spring of financial wellness, as the bulk of their retirement savings would remain intact.  For less-aristocratic 401(k) savers with balances below $15,000, it was the winter of despair, as most of their savings would be lost on the cashout chopping block or forcibly exiled to a safe harbor IRA, where more savings would perish.

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Jun
15
2018

The Missing Piece in 401(k) Retirement Income: Consolidation

Missing piece in retirement income: consolidation

As Baby Boomers begin to retire in record numbers, they’re shifting their attention from saving for retirement to the process of decumulation, or converting their 401(k) savings into retirement income.

For many Boomers, their current-employer’s 401(k) plan wants to come to the rescue, offering them a dizzying array of retirement income solutions. Unfortunately, as these solutions begin to encounter reality, Boomers are finding that one simple, yet critical element is missing that prevents them from working as intended – the consolidation of their retirement savings.

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