Providing your clients
with the information
they need
To best serve your clients and help them address one of the biggest barriers to achieving financial well-being—retirement loan defaults—we’re offering easy-to-implement retirement loan protection. On this page, you will find everything you need to get started, and if you have any questions our team is ready to help.
Why recommend retirement loan protection?
By recommending retirement loan protection, you can:
- Demonstrate thought leadership with an innovative solution
- Drive client satisfaction and retention with a measurable financial wellness solution
- Preserve plan assets under advisement by preventing loan defaults
- Help clients alleviate employee stress by improving financial wellness
How should I talk to my clients about retirement loan protection?
To equip you for success, Custodia provides resources, information, and educational tools you can use in your conversations with plan sponsors:
Educate your clients about the wide-ranging impact of loan defaults.
- EBRI Issue Brief: Released in February 2022, this study discusses the impact of adding an automatically enrolled loan protection program to 401(k) plans.
- Greenwald & Associates participant research study: This 2019 report discusses how employees are concerned about repayment of their retirement loan and interested in a better safety net.
- Deloitte study: This 2018 study reveals that retirement plan loan defaults are on track to create $2.5T in lost retirement security over the next 10 years.
- Drinker Biddle & Reath whitepaper: This 2019 report by a prominent ERISA law firm discusses the potential financial issues caused by retirement plan loan defaults.
Using these interactive tools, you can demonstrate the potential impact of retirement loan defaults and help your clients gauge their plan’s risk level.
- Loan Loss Estimator: Using your clients’ 5500 data, estimate the potential impact of loan defaults.
- Loan Portfolio Due Diligence Worksheet: Use this tool to help your clients evaluate the health of their loan portfolio.
The following resources help explain how Retirement Loan Protection works and the value it provides to both plan sponsors and employees.
- One-pager: Use this short piece to introduce retirement loan protection to your clients.
- PowerPoint module: Use this slide deck to introduce retirement loan protection to your clients. Looking for a customized version? Contact us.
- Short video: Use this video to provide a concise summary of the loan default problem and how Custodia Financial works to alleviate it.