Retirement plan leakage from 401(k) loan defaults and cash outs continues to dominate the news. Anne Tergesen of the Wall Street Journal reports that workers are treating their 401(k) savings like ATM machines.
Tergesen’s article “401(k) or ATM? Automated...
You never know where in the world the Retirement Loan Eraser banner will turn up. This spring, it was at base camp at Mount Everest with our CTO John Steinmeyer. This past weekend the RLE banner traveled to Lake...
Employee Benefit Adviser is the latest publication to cover the topic of the growing risk of 401(k) loan defaults for plan sponsors.
Many sponsors believe they have taken adequate steps to de-risk their loan programs and lower the amount of...
Multiple stories in the press about the fiduciary exposure of 401(k) loan programs have the same theme: Plan loans are investments. What does that mean for plan sponsors?
Loan programs are on the DOL’s radar as investments
“Because the Department of...
Your participants’ retirement assets are too important to leave unprotected, and as a plan fiduciary, you have an obligation to preserve that benefit. Consider these top four reasons – straight from the ERISA statutes and the U.S. Code –...
Plan sponsors have historically treated 401(k) loans as an administrative program outside the boundaries of fiduciary standards and review. The truth, however inconvenient it may be, is that the DOL has taken the position that a participant loan is a...
RLE is scaling new heights and spreading the good word about 401(k) loan protection in other parts of the world! This week our Chief Technology Officer John Steinmeyer and his son John climbed to base camp at Mount Everest....
DALLAS – Custodia Financial, the creator of Retirement Loan Eraser (RLE), announced today that Rennie Worsfold has joined the organization as Executive Vice President to lead RLE sales. RLE is an automated loan insurance program that prevents 401(k) loan...