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Consolidation of 401(k) balances
The Department of labor may be about to give Retirement Clearinghouse LLC the green light to proceed with its proposal to automatically transfer small balances from one 401(k) to another; reducing leakages from 401(k) plans. Retirement Clearinghouse LLC serves as the platform to consolidate balances which helps employees accumulate a more adequate level of retirement savings. To read more about this click here…
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