Over the past two years, plan sponsor and defined contribution industry focus on leakage of participant assets out of the qualified plan environment has increased dramatically. The Department of Labor has been active on this topic for over 10...
Layoffs are pillaging retirement savings plans for many firms
By George White
The U.S. may have just reached the longest economic expansion on record, but the news underneath the headline numbers is not all about growth. Witness recent layoff announcements from...
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...
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....
Increase Your Plan Leakage IQ
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...
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...