Participant Loans: A Fiduciary Storm Brewing?

401(k) Loan Defaults Represent a Rising Level of Risk. Bruce Ashton, a partner at Drinker Biddle & Reath, believes that 401(k) loan defaults represent a “fiduciary storm brewing.” According to Mr. Ashton, plan sponsors may have a false...

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Fiduciary Focus: Is 401(k) Loan Risk on Your Radar?

Watch the replay of our May 9th webinar Industry experts at Drinker Biddle & Reath believe that 401(k) loan defaults represent a ripening fiduciary jeopardy. Plan sponsors may have a false sense of security about the fiduciary risks of 401(k) loans, not...

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The biggest retirement plan problem no one is talking about … YET.

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 &...

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2018: The year loan defaults came into focus

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...

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Insurance Industry Veteran Mark Herman Joins Custodia Financial’s Strategic Advisory Council

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...

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RLE+ Takes On A Broader Range of 401(k) Loan Defaults

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...

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401(k) loan default leakage is now a flood

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....

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America’s retirement plan leakage crisis

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...

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Where in the World is RLE?

You never know where in the world the Retirement Loan Eraser banner will turn up.  This spring, it was at base camp at Mount Everest with our CTO John Steinmeyer.  This past weekend the RLE banner traveled to Lake...

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Plan sponsors must protect employee 401(k) loans from default

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...

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