ERISA Advisory Council blog posts


May
07
2019

A Plan Metric Every Sponsor Should Track: Participant-Retained Retirement Savings

In his latest article in Consolidation Corner, RCH President & CEO Spencer Williams advises retirement plan sponsors to consider tracking the average percentage of retirement savings that participants retain during their tenure. Auto portability, says Williams, can enable participants to preserve their small-balance savings through job changes. Going further, Williams encourages plan sponsors and consultants to apply the all-important “participant-retained savings” lens when evaluating automatic rollover programs, including metrics such as cash-out rates, median safe harbor IRA account duration and provider support for consolidation.

Jul
17
2018

Regulators and Policy Advocates Focus on Retirement Savings Portability

The most important portability development on the horizon is the DOL’s auto portability Advisory Opinion, which will provide guidance for plan sponsors on the automatic roll-in of small account balances previously forced-out into safe harbor IRAs.

Jan
23
2018

The Crucial Role of the CSIRT

Born 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.

Jan
11
2018

Two Retirement Public Policy Initiatives Moving Forward in 2018

Two retirement savings public policy initiatives – auto portability and the problem of missing participants – are very likely to see significant progress in 2018. Both initiatives enjoy strong bipartisan support, promise to streamline and strengthen America’s defined contribution system, and will preserve the retirement savings of millions of Americans by ensuring that their savings move forward when they change jobs.

Dec
13
2016

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

As 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.

Sep
22
2016

The One Solution Everyone in DC Agrees Upon: We Need Consolidation

There is one topic that everyone in Washington, D.C. seems to agree upon: the importance of consolidation in protecting Americans' retirement security.

Jun
30
2016

RCH and EBRI Present Consolidated Testimony on Auto Portability before the ERISA Advisory Council

On June 8th, 2016 Retirement Clearinghouse (RCH) and the Employee Benefit Research Institute (EBRI) teamed up to present consolidated testimony to the ERISA Advisory Council on Auto Portability, the automation of plan-to-plan transfers for small accounts, when participants change jobs.

Mar
16
2015

Why Dump Mandatory Distributions in a Landfill When You Can Recycle?

Mandatory distributions of small 401(k) accounts when participants separate from service provide many benefits for plan sponsors, including lower administrative costs and higher average account balances.