Attitudes about employer-sponsored retirement plans’ retaining the assets of terminated employees are starting to change. Asset retention strategies can benefit the plan as a whole and participants. However, an employer implementing an asset retention strategy needs to determine if the plan recordkeeper is also vying for those same assets and has an economic interest in undermining the employer’s strategy.

Compliance with government required reporting and disclosure requirements gives participants lots of information – and pieces to the retirement puzzle. However, in their efforts to comply with these requirements, participants are not provided enough to assemble the disparate pieces of information available. And, there are some key pieces missing.