Los Angeles partner Bruce L. Ashton was a featured guest on the 401(k) Fridays podcast titled “Time to Eliminate Loans in 401(k) Plans? Balancing Fiduciary Risk, Retirement Outcomes and Employee Perceptions.”
In this hour long podcast, Ashton discusses retirement plan loans and how they can become a fiduciary concern for plan sponsors. He also addresses how multiple regulators are taking a harder look at the retirement plan loans, especially defaults, and answers the question of whether the time has come to eliminate loans in workplace retirement plans.
401(k) Fridays is a weekly podcast for employers, retirement plan sponsors and plan fiduciaries that provides on demand access to unique insights from industry experts.