Products August 14, 2012
Firm Launches 401(k) Loan Protection Campaign
August 14, 2012 (PLANSPONSOR.com) - Custodia Financial launched a new campaign, Protect My 401(k) Loan, to raise awareness of 401(k) involuntary loan defaults, and introduce a solution.
Reported by Rebecca Moore
Anchored by a new educational website at www.ProtectMy401kLoan.com, the campaign strives to educate the general public, media and Members of Congress about the growing problem of involuntary 401(k) loan defaults and a solution that exists.
According to the firm, Congress is currently debating a bill that could provide relief to borrowers across the country. H.R. 3656, the Retirement Savings Security Act, would allow defined contribution plans to enroll participants into loan life, disability and unemployment insurance or similar protection.
H.R. 3656 encourages plans to auto-enroll participants – who may opt out or decline coverage – into 401(k) loan protection.
Custodia Financial offers protection for personal financial resources, including retirement savings loan protection.You Might Also Like:

Benefits |
Balancing Business Needs and Participant Support
Retirement plans must meet the needs of the participants invested in them, but they are also an important business tool.

Record-Low 401(k) Trading Seen in 2021
The Alight Solutions 401(k) Index shows net 401(k) trading activity for 2021 was 0.53% of balances, the lowest annual figure...

Senators Introduce Enhancing Emergency and Retirement Savings Act
It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.