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Statement of Institutional Retirement Income Council to ERISA Advisory Council on Model Notices and Plan Sponsor Education on Lifetime Plan Participation (PDF)
Institutional Retirement Income Council [IRIC] 
[Opinion] Sept. 2, 2015
13 pages. "To the extent employees are able to leave their money in their former employer's plan, where they retain the benefit of fiduciary oversight and more favorable pricing, the benefit is apparent. Unfortunately, many employers are reluctant to permit lifetime plan participation for a range of reasons: fear of what seems new, different or unusual; concerns about 'extra' fiduciary liability or responsibility; concerns about added cost; or concerns about added complexity. We believe these fears are unwarranted and that, with adequate education and modest changes in service provider systems, they can be allayed and perhaps even entirely eliminated."
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