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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.


Thomas Hawkins

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As Senior Vice President of Marketing & Research, Tom Hawkins manages RCH's marketing and research initiatives, including development of original content, RCH's internet presence, digital marketing and industry research.
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Recent Posts

Jun
28
2019

Spotlight on Cashout Leakage: The Fundamentals

Cashout_Leakage_DamCashout 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 first of a five-part series, this article addresses the fundamentals of cashout leakage.

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May
30
2019

How Auto Portability Serves Participants’ Best Interests: Part 5

AP_definition_best_interestsIn this series, I identify five key reasons why an auto portability program serves the best interests of plan participants.


Previously:

In part 5, my final installment of the series, I explain how auto portability can mitigate retirement-related cybersecurity risks.

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May
23
2019

How Auto Portability Serves Participants’ Best Interests - Part 4: Auto Portability Enhances Participants' Financial Wellness

AP_definition_best_interestsIn this five-part series, I identify five key reasons why an auto portability program serves the best interests of plan participants.

Previously:
  • In Part 1, I examined the dramatically improved participant outcomes that will result from a program of auto portability.
  • In Part 2, I described how auto portability, by enhancing and extending automatic rollover programs, represents an enhanced standard of participant care.
  • In Part 3, I presented evidence that the adoption of auto portability could lead to a reduction in plan expenses. 

In Part 4, I address how auto portability could enhance 401(k) participants’ financial wellness.

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Apr
24
2019

LIMRA Webinar Features Michael Kreps’ Update on Auto Portability

krepsOn April 16th, as part of their Strategic Issues Webinar Series, the LIMRA Secure Retirement Institute delivered the webinar Regulatory and Legislative Trends Impacting the U.S. Retirement System.  The LIMRA webinar featured presenter Michael Kreps, Principal, Groom Law Group, and was moderated by Judy Zaiken, Corporate Vice President, LIMRA.

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Apr
23
2019

EBRI Webinar Examines Impact of Tenure on Retirement Savings

EBRI LogoOn April 10th, the Employee Benefit Research Institute (EBRI) featured the webinar EBriefing: Trends in Employee Tenure, showcasing the latest EBRI research examining broad employee tenure trends over time, and the impact that shorter tenure can have on retirement savings.

The webinar’s presenters included Craig Copeland, Senior Research Associate, EBRI and Spencer Williams, President & CEO, Retirement Clearinghouse (RCH), and was moderated by Stacy Schaus, Founder & CEO, Schaus Group LLC.
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Apr
22
2019

America's 401(k) System is Unsustainable - Let's Fix It

401k_SustainabilityOn Earth Day 2019, as we focus on creating a sustainable and eco-friendly environment, it's worth considering how the application of similar principles would benefit our retirement system.  America’s 401(k) system is unsustainable – urgently requiring an upgrade to effectively deliver on its intended goal – helping millions of Americans enjoy a timely and comfortable retirement.  The good news is that we're beginning to see important signs of action that could ultimately address the problem.

 

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Apr
15
2019

How Auto Portability Serves Participants’ Best Interests - Part 3: Auto Portability Could Lower Plan Expenses

AP_definition_best_interestsIn this five-part series, I identify five key reasons why an auto portability program serves the best interests of plan participants.

Previously:
  • In Part 1, I examined the dramatically improved participant outcomes that will result from a program of auto portability.
  • In Part 2, I described how auto portability, by enhancing and extending automatic rollover programs, represents an enhanced standard of participant care.

In Part 3, I present evidence that the adoption of auto portability could lead to a reduction in plan expenses.

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Mar
23
2019

EBRI Webinar Extends Auto Portability’s Benefits to Young Millennials

EBRI LogoIn their March 20th webinar "Achieving Retirement Income Equivalency Between Final-Average-Pay Defined Benefit Plans and Automatic Enrollment 401(k) Plans in the Private Sector", the Employee Benefits Research Institute (EBRI) revealed more research that supports the case for auto portability

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Mar
11
2019

How Auto Portability Serves Participants’ Best Interests - Part 2: An Enhanced Standard of Participant Care

AP_definition_best_interestsIn this series, I identify five key reasons why an auto portability program serves the best interests of plan participants.

Previously, in Part 1, I examined the dramatically improved participant outcomes that will result from a program of auto portability.

In Part 2, I describe how auto portability, by enhancing and extending automatic rollover programs, represents an enhanced standard of care for participants.

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Feb
22
2019

How Auto Portability Serves Participants’ Best Interests, Part 1: Dramatically Improved Participant Outcomes

AP_definition_best_interestsPlan sponsors considering the adoption of auto portability must determine that, by participating in the auto portability program, they are acting prudently and solely in the interests of their plan’s participants and beneficiaries.

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