Additional benefits and loan policy changes can keep participants from taking loans while other strategies can prevent loan default.
Tag: retirement plan participant loans
A Deloitte analysis finds a typical defaulting borrower could lose $300,000 in retirement savings over his career.
Offering defined contribution (DC) retirement plan participants the chance to take a loan from their accounts encourages participants to join the plan because they feel they have access...
The damage is worse for younger workers, as their savings time horizon is longer than older workers.