New Hire at Custodia Financial Making the Headlines

Rennie Worsfold’s hire at Custodia Financial to lead Retirement Loan Eraser distribution is being picked up by news outlets such as PLANSPONSOR, BenefitsLink.com and 401kWire (paid subscription needed). We’re excited to welcome him to our team of experts who have joined forces to champion RLE as the solution to the pervasive problem of 401(k) loan defaults. Rennie will be working with plan sponsors and recordkeepers in the coming months to ensure RLE becomes an industry standard.

Rennie Worsfold Joins Custodia Financial to Lead Retirement Loan Eraser Distribution

Custodia Financial, the creator of Retirement Loan Eraser (RLE), announced today that Rennie Worsfold has joined the organization as Executive Vice President to lead RLE sales.

Tax Reform

New Tax Bill Does Not Prevent Loan Defaults

While the new tax bill offers some limited relief with respect to 401(k) loan repayments, it does not prevent loan defaults. Many are talking about this in the industry, but do not understand all the facets of the issue.  Michael Hart’s article gives valuable legal perspective on this important subject.

What Makes 401(k) Loans Risky?

The new tax law extends the grace period for 401(k) loan repayments following a job loss.  But employees may still default because they don’t have the cash to pay back their loans under those circumstances.

Expert Quotes

Industry Voices:  See What Experts Say About 401(k) Loan Insurance

Don’t just take our word for it.  Experts are weighing in on the importance of 401k loan insurance.

George White

Industry Voices: See George White’s feature in PLANSPONSOR.

PLANSPONSOR interviewed George White, Custodia Financial Chief Operating Officer, about the retirement plan loan default challenge and its significance for plan sponsors.

Industry Voices: See Tod Ruble’s feature in PLANSPONSOR.

Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness.

Thomas Schendt has two words for plan sponsors: Retirement Leakage.

Thomas Schendt, Partner, Alston & Bird LLP, has two words for plan sponsors: Retirement Leakage. Loan protection prevents defaults, reduces fiduciary risk and improves retirement outcomes.

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

Loan defaults are a serious problem in the 401(k) industry, one that is just the tip of the iceberg in the retirement “leakage” crisis plaguing employer-sponsored retirement plans.

Retirement Loan Eraser Improves Retirement Outcomes

The solution pays off retirement plan loans for participants who face circumstances beyond their control.

Custodia Financial Hires Two Leaders to Manage Retirement Loan EraserTM Strategic Relationships

DALLAS – Custodia Financial, the innovator behind Retirement Loan Eraser (RLE), announced today that Terri Johnson and Sandy Tassinari have joined the organization as Senior Executives, Strategic Accounts. Johnson and Tassinari will be responsible for managing key client relationships in Custodia’s RLE business.

PLANSPONSOR:
A Conversation with Tod Ruble

PSNC 2016: DOL and IRS Audits

According to expert panelists at the 2016 PLANSPONSOR National Conference, both the department of Labor (DOL) and the Internal Revenue Service (IRS) have announced plans to increase the number and frequency of audits, and plan loan activity is a red flag for these regulators.