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We safeguard America’s retirement security by preventing 401k loan defaults

Our mission


RETIREMENT LOAN ERASER “RLE”
RLE, the only 401(k) loan protection program, automatically protects 401(k) loans against loan defaults caused by involuntary job loss. RLE is a B2B insurance policy that helps repay plan loans in the event of a lay-off, disability or death.

Loan defaults hurt retirement readiness.

Research shows that 86% of participants default on their retirement plan loans post-separation, and that leakage from loan defaults is expected to be $2.5 trillion over ten years—representing about $300,000 in lost retirement security to the average participant.

Leakage exposes plan sponsors to fiduciary risk.

Under ERISA, loans must be managed with the same prudence and oversight required of any plan investment. However, loans default at alarming rates, especially when participants lose their jobs. Industry experts believe that 401(k) loan defaults represent a ripening fiduciary jeopardy.

Help employees “keep their balance” with RLE.

When employees lose their jobs, they may not be able to make their loan payments, putting their retirement plans at risk. RLE is an automated, low-cost program that helps repay an employee’s outstanding loan upon default and in the event of death or disability, restores their 401(k) account in full.

How hard could loan defaults hit your plan?

Use our simple 3-step

Loan Loss Estimator

to find out.

LEARN MORE

Use our simple 3-step

Loan Loss Estimator

to find out.

LEARN MORE

Use our simple 3-step

Loan Loss Estimator

to find out.

LEARN MORE

Use our simple

3-step Loan Loss Estimator to find out.