In a March 2017 article in 401kSpecialist Magazine, RCH EVP Neal Ringquist addresses the most-serious problem in our defined contribution system: cash-out leakage. Despite cash-out leakage being the #1 “hole” in our retirement system, he argues that it’s taken a “backseat” while matters such as minimizing conflicts of interest in providing retirement advice have resulted in the high-profile Fiduciary Rule. Fortunately, auto portability has finally begun to emerge as a more-visible & viable solution to cash-out leakage, gaining the attention of public policymakers and obtaining strong bipartisan support.

Read the full article in 401kSpecialist