Boston Research Group Study Identifies Opportunities to Improve the Nation’s Defined Contribution System; Cites Retirement Clearinghouse Case Study as a Model Solution
Charlotte, NC (April 29, 2013) – On Thursday, April 25th, 2013 Boston Research Group (BRG) released a white paper identifying opportunities to ease job-changers’ ability to move savings between retirement plans, fixing flaws in the defined contribution system, deterring bad decision-making and saving money.
The white paper, authored by BRG’s Warren Cormier, studies one large plan sponsor's extremely successful experience with a new model of DC plan practices and services. BRG is calling on industry leaders to examine this model more fully to determine if it can be applied on a broader basis and deliver similarly successful results.
“I'm proud to note that the service provider that implemented these programs was none other than Retirement Clearinghouse,” said RCH President & CEO Spencer Williams.
The white paper, entitled “Eliminating Friction and Leaks in America’s Defined Contribution System: Fixing the Systemic Breakdowns that Impact Every Sponsor, Participant and Provider,” is available at this link.
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Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission.
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