Across the country summer is winding down, football is back in season and parents are buying the latest backpacks and notebooks their children need for school. Another fall ritual? Business planning to identify and finalize priorities for the coming...
If you are concerned about plan risk, you are not alone. According to Deloitte’s Annual DC Benchmarking Survey, what % of plan sponsors are concerned about 401(k) plan risk and fiduciary exposure?
A. 77%
B. 24%
C. 63%.
The correct answer...
Concerned about the number of loans in your 401(k) retirement plan? According to consulting firm AON Hewitt, what percentage of 401(k) plan participants had an outstanding loan at the end of last year?
A. 8%
B. 24%
C. 16%.
The correct answer is...
It’s clear that financial wellness is on the minds of many employers and employee benefits decision makers. According to a recent survey, what percentage of employers have expressed concern about their employees’ financial wellbeing?
A. 81%
B. 56%
C. 92%
The correct answer...
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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