The Importance of Proper Participant Loan Administration

Excerpt: Recently,  the  Department  of  Labor  (DOL)  filed  suit  against  the  trustees  of  them United   Employee  Benefit  Fund  for  allegedly  approving  at  least  194  participant loans  that  were   improper,  unsecured  and  allowed  to  become  delinquent.

More here: October 20 2011 Proper Participant

About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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