Loans are an Opportunity for 401k and 403b Plan Sponsors; In a video with the HR director of a 275 person not-for-profit organization attending a TPSU program held at Loyola University just outside Baltimore explains how they use loans to better understand and engage their participants looking to take out a loan.
Many organizations have rich benefit and employee assistance programs, including their retirement plan, but many employees do not take advantage. When they take out a loan from their plan, it can be a good time to engage with them and understand the problems there are facing. Learn how to use the loan request process to help employees in this fascinating video.
And learn how this HR director plans to use when he heard at TPSU to engage senior management in the pension committee.
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