By George White
Employers need the flexibility to manage their workforce, now more than ever. But it’s also important to treat employees fairly, especially those on the lower end of the wage scale who are more likely to borrow from...
Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness.
By: Tod A. Ruble
With all the industry focus on financial wellness, it begs the question. Why do plans ignore an ongoing...
Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness. Read more on plansponsor.com
When an employee loses their job in a layoff, their outstanding 401(k) loan is probably the last thing on their mind. What percentage of employees with 401(k) loans will default upon job loss?
A. 42%
B. 59%
C. 86%
The correct answer is...
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Recent news stories about the dangers of taking a 401(k) loan are missing the real story. Borrowing from a 401(k) plan isn’t necessarily a bad thing. Employers offer loans in 401(k) plans because this feature gives many the confidence...
According to Willis Towers Watson, retirement plan sponsors have three main concerns in 2017: Managing plan risk, increasing plan effectiveness, and avoiding a noncompliance surprise. Guess what? RLE can help with all three. Employees who are protected by RLE...
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.
See his interview with PLANSPONSOR magazine’s editor-in-chief Alison Cooke Mintzer on the 401(k) loan...
DALLAS – Custodia Financial, the innovator behind Retirement Loan Eraser (RLE), announced that Kim Zimmerman and Kevin Crews have joined the organization in key business roles.
Ms. Zimmerman is a Senior Project Manager, responsible for establishing new users onto Custodia’s...