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Top 10 Mistakes Plan Sponsors Make: Mistake #9 – Loans

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.

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Retirement Plan Leakage a Constant Concern for Plan Sponsors

Retirement Plan Leakage a Constant Concern Retirement Plan Leakage is a constant concern for plan sponsors and industry professionals.  When 403b plan and 401k plan participants make withdrawals from their tax-qualified plans prior to reaching their retirement age, the plan ...