Drinker Biddle invites you to join partner Bruce Ashton for a live PLANSPONSOR webinar titled, “Fiduciary Focus: Is 401(k) Loan Risk on Your Radar?,” on Thursday, May 9, 2019.
Do plan sponsors have a false sense of security about the fiduciary risks of 401(k) loans? Under ERISA, participant loans must be managed with the same prudence and oversight required of any plan investment. However, according to academic and industry studies, loans default at alarming rates, especially when participants lose their jobs.
Industry experts believe that 401(k) loan defaults represent a ripening fiduciary jeopardy. Changes this year to IRS Form 1099-R will allow regulators to see the full extent of the problem, and an entrepreneurial plaintiff’s bar continues to look for the next big market opportunity in 401(k) plan litigation.
Increase your fiduciary IQ with an exploration of this challenge, how current measures—particularly disclosure—are falling short, and how new solutions are becoming available to address the problem, meaningfully and measurably.
Lorna Mackey, President of Mackey Communication Group, will moderate this informative and educational discussion. Bruce will be joined by co-presenter George L. White, EVP and Chief Operations Officer at Custodia Financial (Retirement Loan Eraser™).
This webcast will qualify for continuing education credits through the Society for Human Resource Management (SHRM).
Date: Thursday, May 9, 2019
Time: Noon ET
Questions? Please contact Marc.Kozak@faegredrinker.com.