Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Senior Retirement Plan Administrator

TPS Group
(Remote / Buffalo NY)

TPS Group logo

Enrolled Actuary

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

DB/DC Administrator

Primark Benefits
(Remote / Burlingame CA)

Primark Benefits logo

Implementation Specialist

Ubiquity Retirement + Savings

Ubiquity Retirement + Savings logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

DC Plan Administrator

Heritage Pension Advisors, Inc.
(Remote / Commack NY)

Heritage Pension Advisors, Inc. logo

Defined Contributions Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

ERISA Attorney

Smith & Downey
(Towson MD)

Smith & Downey logo

National Healthcare Director

Nyhart, part of FuturePlan by Ascensus
(Remote / Indianapolis IN / AL / AR / CT / DC / DE / FL / GA / IA / IL / KS / KY / LA / MA / MD / ME / MI / MN / MO / MS / NC / ND / NE / NH / NJ / NY / OH / OK / PA / RI / SC / SD / TN / TX / VA / VT / WI / WV)

Nyhart, part of FuturePlan by Ascensus logo

Saver Success Specialist

Ubiquity Retirement + Savings

Ubiquity Retirement + Savings logo

Defined Contribution Plan Administrator

PPS Pension Services
(Remote / Williamsville NY)

PPS Pension Services logo

Customer Experience Specialist

AimPoint Pension

AimPoint Pension logo

Client Service Manager

July Business Services
(Remote / Woodway TX)

July Business Services logo

VP Sales Consultant (Retirement)

FuturePlan, by Ascensus
(Remote / FL)

FuturePlan, by Ascensus logo

Client Success Specialist

Ubiquity Retirement + Savings

Ubiquity Retirement + Savings logo

Relationship Manager

Compass Retirement Consulting Group, Inc.
(Remote / MA / ME / NH)

Compass Retirement Consulting Group, Inc. logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists

Cetera Retirement Plan Specialists logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name

View More Press Releases by Custodia Financial

Press Release

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

Issued by Custodia Financial

Jan. 8, 2019

DALLAS, Jan. 8, 2019 -- 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 retirement readiness by solving America's $2.5T 401(k) loan default problem.

Prior to joining the SAC, Mr. Herman served as President and Chief Operating Officer of CNA Financial Corp.'s Specialty Lines business. Before CNA, he served as CEO of Everest National Insurance Company and held other senior executive leadership roles at Chubb & Sons, ACE, and Ariel Holdings.  Mr. Herman brings significant knowledge of ERISA-regulated employee benefits though his experience providing fiduciary liability insurance to plan sponsors.

"Having a seasoned insurance industry CEO of Mark's caliber on our SAC is a huge win for us," said Tod Ruble, CEO of Custodia Financial. "As President and COO of CNA's Specialty Lines business, Mark led the charge in expanding access to highly specialized coverage areas in a financially sustainable way--which is exactly what we're doing with Retirement Loan Eraser (RLE). We're thrilled to have his wealth of experience, deep subject matter expertise, and vast industry network to help make 401(k) loan insurance the next industry standard 'auto' feature."

"I'm excited about what the Custodia team is doing with RLE," said Mr. Herman. "Custodia has brought together all the necessary components for delivering on their mission: they're addressing an urgent need, the ERISA legal framework strongly supports their approach, and they have the proprietary technology and financial model to offer their solution at scale."

Mr. Herman joins Dave Liebrock, former President of Workplace Investing at Fidelity Investments, on the SAC. Custodia will announce additional appointments in early 2019. The company's objective for the SAC is to continue to add seasoned leaders in complementary disciplines critical to solving the 401(k) loan default problem. The SAC will advise Custodia on a range of strategic issues, including refining product development, distribution, insurance, and regulatory matters. Custodia's SAC will support its full-time team of retirement experts that includes former senior executives from Fidelity Investments, Financial Engines, SunGard, Voya Financial, and Wells Fargo.

About Retirement Loan Eraser:  
Loan defaults in 401(k) plans are widely acknowledged as a significant problem harming retirement outcomes. RLE is an automated loan insurance program that prevents 401(k) loan defaults, protecting plan assets and immediately improving retirement outcomes. RLE is the only solution available that helps plan sponsors prevent loan defaults by repaying the outstanding loan balance of borrowers losing their jobs, while reducing fiduciary risk.


View More Press Releases by Custodia Financial

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021, Inc.