View the Replay
SHRM Webinar
February 7, 2019
12 pm ET
If 401(k) loan defaults are not on your radar, the data – and ERISA –
say they need to be. Hear from Gursh Jhuty, Senior Manager, Deloitte, and Bruce
Ashton, Partner, from Drinker Biddle &...
If 401(k) loan defaults are not on your radar, the data suggests they need to be.
Deloitte: Loan defaults significantly damage retirement readiness
A groundbreaking study by Deloitte predicted that $2.5 trillion will leak out of the system over...
DALLAS – Custodia
Financial, the creator of Retirement Loan Eraser (RLE), today announced that it
has appointed Mark Herman to its Strategic
Advisory Council (SAC). As a member of the SAC, Mr. Herman will help guide
Custodia on its mission to automatically improve...
Deloitte projected over $2 trillion will leak out of 401(k) plans due to loan defaults over the next 10 years. Custodia Financial has announced an expansion of our RLE program to help take a bigger bite out of that number.
Our new...
America’s retirement industry is facing an unprecedented crisis: $2.5 trillion will leak out of the system over the next decade. That’s not a trickle; it’s a flood. What’s causing this critical hit to the system? Retirement plan loan defaults....
Retirement plan leakage from 401(k) loan defaults and cash outs continues to dominate the news. Anne Tergesen of the Wall Street Journal reports that workers are treating their 401(k) savings like ATM machines.
Tergesen’s article “401(k) or ATM? Automated...
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...