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An automated, low-cost retirement solution that prevents 401(k) loan defaults

Retirement Loan Eraser

Why Retirement Loan Eraser?


  • Improve retirement readiness and financial wellness.
  • Fulfill fiduciary obligation to monitor loan investments and preserve plan assets.
  • Reduce the risk of plan audits.


  • Protect account balance, investing for a successful future retirement.
  • Have peace of mind during financial emergencies, including softer landing after job loss.
  • Improve decision-making through “just-in-time” financial counseling.

How It Works

  • Easy to add to your plan: Make a simple update to the loan policy — no plan amendment is necessary.
  • Automatic: No additional action required by participant when taking a new loan;coverage is issued when a loan is initiated, and is insured by an A.M. Best “A”-rated insurance carrier.
  • Low-cost: Fees are a fraction of the cost of retail insurance and may be participant- or sponsor-paid outside of plan assets. If participant-paid, premiums are deducted from payroll each pay period along with loan repayments.


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Click here to download a concise, printable summary of America’s $2.5 trillion loan default problem and how RLE uniquely solves it.