A retainer ring including an outer ring having an exterior surface, an interior surface, and a plurality of spring beam elements extending inwardly from the interior surface, and a central aperture. Each of the spring beam elements includes an elongated arm having a first end attached to the interior surface of the outer ring and a second, free end opposite the first end. Each of free ends of the arms includes a tab portion and a pressure pad that extends from the tab portion. The retainer ring captivates pin members, such as bolts, onto work pieces, such that the pressure pads engage and align with an annular groove of the bolt. When the bolt engages the retainer ring, each of the spring beam elements is displaced and expands radially from a free position to an expanded position in order to enable the bolt to travel through the aperture. The retainer ring captivates the bolt onto the work piece, while providing a positive hold out of the bolt.