Why Retirement Loan Eraser?

PLAN SPONSORS

• 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.