Industry experts at Drinker Biddle & Reath believe that 401(k) loan defaults represent a ripening fiduciary jeopardy. Plan sponsors may have a false sense of security about the fiduciary risks of 401(k) loans, not realizing that under ERISA, participant loans must be managed with the same prudence and oversight required of any plan investment.
The trouble starts when participants default on their loans, especially when they lose their jobs.
Increase your fiduciary IQ with an exploration of this challenge, how current measures — particularly disclosure — are falling short, and how new solutions are becoming available to address the problem of 401(k) loan defaults, meaningfully and measurably. Join speakers Bruce Ashton of Drinker Biddle and George White of Custodia Financial for this informative discussion.
Lorna Mackey, President of Mackey Communication Group, will moderate this informative and educational discussion.
Moderator: Lorna Mackey, President, Mackey Communication Group
- Bruce L. Ashton, Partner, Drinker Biddle & Reath LLP
- George L. White, EVP and Chief Operations Officer, Custodia Financial (Retirement Loan Eraser TM)
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