Top 10 Mistakes 401k Plan Sponsors Make – Mistake #9 – Loans. In our continuing countdown on the “Top 10 Mistakes 401k Plan Sponsors Make”, Washington Financial Group advisor Joe DeNoyior interviews Jewell Lim Esposito, an ERISA attorney with Fisher Broyles about the mistakes 401k and 403b plan sponsors make with their participant loan program.
What are the most common mistakes? What are the repercussions? What are the best practices? And should plan sponsors even offer loans?
If you allow loans and have questions about them you have to watch this engaging video.