If 401(k) loan defaults are not on your radar, the data – and Employee Retirement Income Security Act (ERISA) – say they need to be.
Retirement readiness is a top priority for many organizations. However, many plan sponsors don’t recognize the connection between retirement readiness and 401(k) loan defaults.
In this webcast, you'll hear from retirement thought leaders about how loan defaults threaten retirement readiness and create unnecessary fiduciary exposure for you as a plan sponsor.
In this webcast you will learn:
- How employees are defaulting on their 401(k) loans at alarming rates, usually when they lose their jobs
- How retirement plan leakage from loan defaults is expected to exceed $2 trillion over ten years, according to Deloitte, representing approximately $300,000 in lost retirement security to the average employee
- The risks that employers are facing, and why fiduciaries have a responsibility to do more.
- How employees need more help to stay “financially well” and avoid 401(k) loan defaults.
Continue by clicking on the following link: