2018 Planning: Preventing Leakage From 401(k) Loans

Across the country summer is winding down, football is back in season and parents are buying the latest backpacks and notebooks their children need for school.  Another fall ritual?  Business planning to identify and finalize priorities for the coming...

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Do you know what % of 401(k) plan sponsors want to reduce their plan risk and potential fiduciary exposure?

If you are concerned about plan risk, you are not alone. According to Deloitte’s Annual DC Benchmarking Survey, what % of plan sponsors are concerned about 401(k) plan risk and fiduciary exposure? A. 77% B. 24% C. 63%. The correct answer...

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Do you know what % of 401(k) plan participants had an outstanding loan at year-end 2016?

Concerned about the number of loans in your 401(k) retirement plan? According to consulting firm AON Hewitt, what percentage of 401(k) plan participants had an outstanding loan at the end of last year? A. 8% B. 24% C. 16%. The correct answer is...

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Do you know what % of employers are concerned about their employees’ financial wellbeing?

It’s clear that financial wellness is on the minds of many employers and employee benefits decision makers. According to a recent survey, what percentage of employers have expressed concern about their employees’ financial wellbeing? A. 81% B. 56% C. 92% The correct answer...

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A Novel Solution to Retirement Plan Loan Defaults

By George White Employers need the flexibility to manage their workforce, now more than ever. But it’s also important to treat employees fairly, especially those on the lower end of the wage scale who are more likely to borrow from...

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A Forgotten Part of Financial Wellness: Loan Defaults

Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness. By:  Tod A. Ruble With all the industry focus on financial wellness, it begs the question. Why do plans ignore an ongoing...

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The Bright Side of 401(k) Loans? You Can Protect Them.

Recent news stories about the dangers of taking a 401(k) loan are missing the real story. Borrowing from a 401(k) plan isn’t necessarily a bad thing. Employers offer loans in 401(k) plans because this feature gives many the confidence...

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Top 3 Plan Sponsor Concerns

According to Willis Towers Watson, retirement plan sponsors have three main concerns in 2017: Managing plan risk, increasing plan effectiveness, and avoiding a noncompliance surprise. Guess what?  RLE can help with all three. Employees who are protected by RLE...

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SPARK Forum: Loan defaults a hot topic

401(k) loan defaults (and related cash outs) were a hot topic at the recent SPARK Forum in Palm Beach. Conference attendees heard about the ERISA requirement for plan sponsors to preserve assets intended for retirement and how that specifically applies...

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Alston & Bird: Future Shock – The Retirement Loan Default Crisis

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...

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