Hiding in Plain Sight – The Threat to Retirement Readiness

Watch this short video to learn more about a problem that is threatening to undermine your participants’ retirement readiness … 401(k) loan defaults.  They are a bigger problem that some plan sponsors may realize, but fortunately, there is a...

Continue reading →

The biggest retirement plan problem no one is talking about … YET.

View the Replay SHRM Webinar February 7, 2019 12 pm ET If 401(k) loan defaults are not on your radar, the data – and ERISA – say they need to be. Hear from Gursh Jhuty, Senior Manager, Deloitte, and Bruce Ashton, Partner, from Drinker Biddle &...

Continue reading →

2018: The year loan defaults came into focus

If 401(k) loan defaults are not on your radar, the data suggests they need to be. Deloitte: Loan defaults significantly damage retirement readiness A groundbreaking study by Deloitte predicted that $2.5 trillion will leak out of the system over...

Continue reading →

Insurance Industry Veteran Mark Herman Joins Custodia Financial’s Strategic Advisory Council

DALLAS – Custodia Financial, the creator of Retirement Loan Eraser (RLE), today announced that it has appointed Mark Herman to its Strategic Advisory Council (SAC). As a member of the SAC, Mr. Herman will help guide Custodia on its mission to automatically improve...

Continue reading →

RLE+ Takes On A Broader Range of 401(k) Loan Defaults

Deloitte projected over $2 trillion will leak out of 401(k) plans due to loan defaults over the next 10 years. Custodia Financial has announced an expansion of our RLE program to help take a bigger bite out of that number. Our new...

Continue reading →

401(k) loan default leakage is now a flood

America’s retirement industry is facing an unprecedented crisis: $2.5 trillion will leak out of the system over the next decade. That’s not a trickle; it’s a flood. What’s causing this critical hit to the system? Retirement plan loan defaults....

Continue reading →

America’s retirement plan leakage crisis

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...

Continue reading →

Where in the World is RLE?

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...

Continue reading →