We as an industry have been learning the significant extent to which D.C. plan loan defaults are harming American workers. According to Deloitte, loan leakage will drain $2.5 trillion in retirement security over the next ten years. Plan sponsors are beginning to take action—but what do participants think? New, independent research by Greenwald & Associates adds another dimension to our understanding by enabling us to hear the “voice of the participant” on this critical topic. It turns out, not only is loan leakage harming retirement readiness, the current state is also creating significant financial stress for most of the 20% of participants who have loans outstanding.
In this webinar:
- Hear the key findings directly from Brian Perlman, PhD, SVP and Financial Service Practice Lead from Greenwald & Associates, and Terri Johnson, Senior Executive, Strategic Accounts, from Custodia Financial
- Review what the key findings mean for plan sponsors—and where we as an industry go from here
- Earn continuing education credits if you’re a member of the Society for Human Resource Management (SHRM)