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...
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...
Your participants’ retirement assets are too important to leave unprotected, and as a plan fiduciary, you have an obligation to preserve that benefit. Consider these top four reasons – straight from the ERISA statutes and the U.S. Code –...
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...
RLE is scaling new heights and spreading the good word about 401(k) loan protection in other parts of the world! This week our Chief Technology Officer John Steinmeyer and his son John climbed to base camp at Mount Everest....
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...
In the minute it takes you to read this, $11,415 in 401(k) loans will default. Precious retirement savings will evaporate.
Each second that passes, more employees default on their 401(k) loans. Loan defaults are a major source of retirement plan...
Financial wellness is on the minds of many employers. According to a recent white paper from Prudential, what percentage of employers believe that there is significant value in helping their employees improve financial wellness?
A. 75%
B. 56%
C. 82%
The correct answer...
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...