Employee Benefit Adviser is the latest publication to cover the topic of the growing risk of 401(k) loan defaults for plan sponsors.
Many sponsors believe they have taken adequate steps to de-risk their loan programs and lower the amount of...
Multiple stories in the press about the fiduciary exposure of 401(k) loan programs have the same theme: Plan loans are investments. What does that mean for plan sponsors?
Loan programs are on the DOL’s radar as investments
“Because the Department of...
Plan sponsors have historically treated 401(k) loans as an administrative program outside the boundaries of fiduciary standards and review. The truth, however inconvenient it may be, is that the DOL has taken the position that a participant loan is a...
DALLAS – Custodia Financial, the creator of Retirement Loan Eraser (RLE), announced today that Rennie Worsfold has joined the organization as Executive Vice President to lead RLE sales. RLE is an automated loan insurance program that prevents 401(k) loan...
The retirement loan default crisis has reached epic proportions. Over $23 billion dollars in precious retirement savings has been lost to 401(k) loan defaults since 2014.* Don't just take our word for it. Hear what other experts have to...
The editor of PLANSPONSOR sat down with George White to discuss how 401(k) plans are compromised by the leakage caused by loan defaults. In this interview, George explains the risks to plan sponsors if they ignore the issue.
Read more...
Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness. Read more on plansponsor.com
Thomas Schendt, Partner, Alston & Bird LLP, has two words for plan sponsors: Retirement Leakage. Loan protection prevents defaults, reduces fiduciary risk and improves retirement outcomes.
See his interview with PLANSPONSOR magazine’s editor-in-chief Alison Cooke Mintzer on the 401(k) loan...
Loan defaults are a serious problem in the 401(k) industry, one that is just becoming apparent as a leading cause of the retirement “leakage” crisis plaguing employer-sponsored retirement plans, and potentially setting up many hard-working Americans for future shock...
DALLAS – Custodia Financial, the innovator behind Retirement Loan Eraser (RLE), announced today that Terri Johnson and Sandy Tassinari have joined the organization as Senior Executives, Strategic Accounts. Johnson and Tassinari will be responsible for managing key client relationships...