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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.


May
10
2018

Missing Participants: An Ounce of Prevention Equals a Pound of Cure

Ben_FranklinWhen Ben Franklin coined the adage “an ounce of prevention is worth a pound of cure” he wasn’t considering the problem of missing participants, but 401(k) plan sponsors would be wise to heed Ben’s sage advice.  

Today, plan sponsors face an explosion of missing participants, driven by the ongoing adoption of auto enrollment and increasing workforce mobility.  Their problems are further compounded by the administrative burden required to locate them, combined with a regulatory minefield that offers little guidance and is prone to taking inconsistent enforcement actions.  

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Mar
30
2018

Are you all-in on roll-in?  Encourage new hires to rollover old 401(k) balances into your plan

Over the past six years, there’s been a steady drumbeat pointing the way to increased portability and in-plan consolidation (“roll-ins”) as the next big strategic focus for defined contribution plans.   

While this path may soon lead to the widespread adoption of auto portability, a process that automatically rolls in small balances into a participant's new-employer plan, many plan sponsors are already embracing programs that support roll-ins for all participants, regardless of balance size.

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Jan
24
2017

How to Remove 'Friction' from the 401(k) System

Tales From the Front Lines Part 3 Roll-In Retirement FinanceIn consolidated testimony before the ERISA Advisory Council  on the topic of Participant Plan Transfers and Account Consolidation for the Advancement of Lifetime Plan Participation, EBRI’s Craig Copeland and Retirement Clearinghouse’s Tom Johnson presented “Auto Portability Research & Simulation: Automating Plan-to-Plan Transfers for Small Accounts” – providing the Council with the latest information & research on Auto Portability, as well as describing the present state of plan-to-plan transfers (“roll-ins”).

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Jan
19
2017

The ABCs of Auto Portability

The ABCs of Auto PortabilityWhat is Auto Portability? This video presentation is designed to give the viewer a basic understanding of Auto Portability.

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Jan
18
2017

LIMRA's Secure Retirement Institute Features Auto Portability Research

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

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Jan
03
2017

Changing Jobs in 2017? Take Your Retirement Savings With You

MarketWatchIn his latest article in MarketWatch, posted on New Year’s Eve, RCH President, CEO and RetireMentor Spencer Williams counsels those who switched jobs in 2016 to make their New Year’s resolutions to roll-in all of their retirement savings accounts – not just the account in their most recent prior-employer plan – into their new-employer plan.

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Dec
12
2016

One 2017 New Year’s Resolution for Plan Sponsors: Encourage Roll-Ins

401k SpecialistAs 2016 draws to a close, most observers will reflect upon the events that have dominated retirement industry news coverage:  the Fiduciary Rule, the 10-year anniversary of the Pension Protection Act, and the Presidential election. These events will clearly shape plan sponsors’ activities and priorities for the New Year.

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Dec
06
2016

Miracle on Retirement Street

MarketWatchIn his latest article in MarketWatch, RetireMentor and RCH CEO Spencer Williams gets us into the festive, holiday spirit by showcasing the “miracle” of compound interest. Compound interest is particularly relevant to retirement savers, whose nest eggs will incubate over a career. 

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Nov
21
2016

The ABCs of Uncashed 401(k) Distribution Checks

The ABCs of Uncashed 401(k) Distribution ChecksThis video presentation is designed to give the viewer a basic understanding of the problem of uncashed 401(k) distribution checks.

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Nov
07
2016

A Roll-In in Time Saves Far More Than Nine

MarketWatchIn his latest MarketWatch RetireMentors column, RCH CEO Spencer Williams modifies the familiar proverb “a stitch in time saves nine” for the benefit of 401(k) savers who have multiple retirement savings accounts. A roll-in becomes the equivalent of the stitch, saving participants considerable time and money as they change jobs.

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