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...
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...
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...
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...