Custodia Financial, the creator of Retirement Loan Eraser, today announced that the company and its product have formally received Diversity Equity and Inclusion (DE&I) certification from Nelu Diversified Consulting Solutions (“Nelu”), a global DE&I consultancy that specializes in employee benefits.
Custodia Financial, an innovative leader in 401K employee financial wellness, announced that it has appointed P&C industry veteran Mark Herman to President, reporting to CEO Tod A. Ruble. Mr. Herman has deep insurance and operational experience, which he will use to lead Custodia’s push into its next phase of operational development and growth.
Worker finances are stretched. The majority of employees worry about their ability to save for retirement and meet a financial emergency. Employers want to help. But how? Balancing the Now with the Next explores the factors employers should consider as they think about how to help employees improve their finances – from exploring new types of savings accounts to using existing retirement savings plans in new ways.
The first half of this year has been defined by the coronavirus and our collective response to it. Its impact has been felt in ways far beyond our nation’s health after just a few months, leaving many employers wondering how they can safely move forward.
The COVID-19 pandemic has exposed many financial vulnerabilities, both for companies and employees, and it has highlighted how company-sponsored retirement savings plans are sometimes used as dual-purpose vehicles.
Employers should consider near- and long-term issues before implementing CARES Act provisions, as discussed in a recent PLANSPONSOR article by Bradford Campbell
COVID-19 is causing an extraordinary and unprecedented economic disruption. Effectively mitigating both short- and long-term impacts requires decisive action.
Retirement plan fiduciaries play an important role in the administration of defined contribution (DC) retirement plans.
The Defined Contribution Investment Industry Association (DCIIA) just released a new whitepaper, coauthored by Custodia’s Rennie Worsfold, entitled “Five Practical Barriers to Better Retirement Outcomes: Assessing Challenges and Taking Action”
A large spike in unemployment leads to an increase in withdrawals from retirement savings. Sponsors should take action now to preserve retirement security.
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