401(k) loan default leakage is now a flood
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. This data comes from a new study by the industry-leading consulting firm Deloitte, and it illustrates just how high the stakes are for both participants and plan sponsors.