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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
30
2016

The Fiduciary Rule and Participant Transition Management

IRA Rollover Leave In Plan Cash Out Transitioning Participant Eye TestAny day now, the Department of Labor will issue the final version of the long-awaited “Fiduciary Rule” which will redefine the term “fiduciary” under ERISA.  Much has been written about the impact on advisors and broker-dealers, given their service models to retirement plans.  

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Feb
29
2016

Tales from the Roll-In Front Lines, Part II

 Combat Diver Tales from the roll-in front lines part 2In a previous post, Tales from the Roll-In Front Lines, Part I, we described a roll-in transaction gone awry: a comedy of errors that occurs all too often when service providers are unfamiliar with consolidating retirement savings from one plan into another.

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Jan
26
2016

Tales from the Roll-In Front Lines, Part I

 tales from the roll-in front lines part 1In previous articles, we’ve discussed the many benefits that occur when participants roll in multiple retirement savings accounts into their current employer’s 401(k) account. Participants benefit from reduced cash outs, lower investment fees and simplified retirement planning. A program of facilitated roll-ins delivers positive results for plans as well, including increased average balances, lower recordkeeping costs and improved retirement readiness metrics.

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Jan
20
2016

Four New Year’s Resolutions for Retirement Savers Summary

MarketWatchIn his 1/20/16 MarketWatch column (Four New Year’s Resolutions for Retirement Savers), Retirement Clearinghouse CEO Spencer Williams offers four New Year’s resolutions that all 2016 job-changers should take to heart, including:

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Jan
04
2016

Auto Enrollment: The Unintended Consequences, Part II

In his December 1, 2015 article (The unintended consequence of 401(k) auto-enrollment), RCH CEO Spencer Williams exposes the linkage between auto enrollment and lower average account balances.  Based on Form 5500 data, Williams’ analysis presents some excellent examples of industries where average balances are significantly lower in plans that have adopted auto enrollment compared to plans that haven’t. 

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Nov
16
2015

Boomers: Consolidate Your Retirement Accounts Immediately!

MarketWatchIn his 11/16/15 MarketWatch article Boomers need to consolidate retirement accounts immediately RCH President & CEO J. Spencer Williams notes that the baby boomer generation, which is closest to retirement age, stands to benefit the most from consolidating their retirement savings, vs. leaving their accounts behind at former employers.

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Nov
02
2015

Top 5 Mistakes That Participants Make When Changing Jobs

Chris Garza Top 5 Mistakes Participants MakeChris Garza, RCH’s Service and Consolidation Team Manager, provides insight into the top five mistakes that participants make when changing jobs.

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Oct
23
2015

Sponsors: ‘Pay It Forward’ by Embracing Roll-Ins

Employee Benefit NewsWe humans are not islands. Everything we do affects the people, neighborhoods and ecosystems around us in some way. One act of kindness for another person can inspire the recipient to perform a good deed for someone else, and through a ripple effect, many others can benefit.

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Oct
05
2015

Let a Roll-In Increase Your Retirement Income

MarketWatchIn his 10/2/15 MarketWatch article Let a Roll-in Increase Your Retirement Income, RCH President & CEO J. Spencer Williams advises retirement savers to bring their savings with them, vs. leaving their accounts behind -- or worse, cashing out.

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Sep
15
2015

Think Twice Before Consolidating Your 401(k) Accounts on Your Own!

I can still vividly recall the summer afternoon that my mom burst through our front door, anxiously asking where my little sister was.  I was 10 at the time, and my sister was 7.  “She’s in the backyard with her friends….why do you ask?”  One look out the window gave me the answer: our next door neighbor had been changing his oil, when the car slipped off the jack, crushing him beneath its weight.   

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