We were experiencing significant brake squeal on our 2017 LandCrusier. I was a little surprised to find the pads only half worn then really surprised to find this ring loose behind the outer pad on the passenger side. I assume this is designed to ride inside the dust jacket/boot on the piston? I didn’t want it loose in there so removed it and the caliper seems to be working fine - is there anything to watch for on the caliper that is came out of?