A retainer and guide ring includes a first ring half and a second ring half that when placed adjacent to one another forms a complete ring. The retainer and guide ring also includes a kerf that is formed between ends of each of the first and second ring halves, which ranges from about zero inches to about 0.010 inches. In some exemplary embodiments, the retainer and guide ring is formed by obtaining two identical rings and making a cut along an edge of the diameter on each ring thereby forming a larger ring arc and a smaller ring arc for each of the rings. The two larger ring arcs are used to form the retainer and guide ring. In another exemplary embodiment, the retainer and guide ring is formed by obtaining a single ring and making a cut along the diameter.