leakage
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Plan Leakage and the Impact of Withdrawing Savings Before Retirement
- February 24, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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Leakage has been a big issue for many years, causing many individuals to accumulate less in retirement assets than they otherwise would have. This provides a tremendous opportunity for retirement plan professionals to work with plan sponsors to implement procedures or plan features which will help preserve a participant’s retirement account.
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Loan Leakage: Preventing Loan Defaults from Draining America’s 401(k) Accounts
- November 21, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
We’re continuing our discussion on loan leakage and looking at America’s $2 trillion retirement loan dilemma. Our resource explores different mechanisms to prevent loan leakage, illustrates the impact on individuals, and addresses the increased fiduciary risk associated with loan leakage.
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Retirement Plan Leakage
- November 12, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Retirement plan leakage can result in a reduction of assets available for individuals when they reach retirement age. It also creates the opportunity for technology developments and consulting opportunities about how to preserve retirement plan assets.
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Fiduciary Loan Regulation
- September 26, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Plan leakage can be the result of participants terminating with outstanding loan balances. This leads to an important question for plan fiduciaries. If a participant is going to be terminated involuntarily due to a reduction in workforce or poor job performance, and the participant applies for a loan, should the loan be granted? Based on the content of the article we’ve attached, the fiduciaries of the plan could create a fiduciary breach by granting the loan to the participant.