UpFront
Updating Policies to Discourage Loans
Changes to maximum loan amounts and number of loans, as well as the imposition of fees and higher interest rates on loans can be written into loan policy statements in an effort to discourage this type of plan leakage.
Reported by Lee Barney
Art by Jackie Ferrentino
To access this premium content, please sign up for a free account!
You Might Also Like:
Survey Shows Drop in Retirement Confidence Since February
A new Bank of America report reveals a recent downward trend in employees’ retirement confidence and financial wellness.
Products |
Securian Removes COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services.
