Supporting White Papers
The Hidden Problem of 401(k) Loan Defaults
Based on the increasing trend of borrowing from 401(k) plans and a reported $4.5 trillion of U.S. retirement assets in defined contribution plans, it is estimated that there may be up to $100 billion of loans from 401(k) and other defined contribution plans outstanding.
Related Media
401(k) Loan Defaults Soar, Stirring Call for Insurance
- Time
- July 27, 2012
401(k) accounts are “leaking” due to loan defaults
- St.Louis Post-Dispatch
- July 24, 2012
Displaced Workers Raid 401(k)s
- The Desert Sun
- July 21, 2012
The Takeaway: Americans Borrowing ‐ and Not Repaying ‐ Billions from 401(k)s
- AARP Blog
- July 17, 2012
Defaults on 401(k) loans reach $37 billion a year
- Chicago Tribune
- July 17, 2012
Loan Defaults Sap $37B From 401(k)s Each Year
- PlanAdviser
- July 17, 2012
Loan defualts drain $37 billion from 401(k)s each year
- CNN Money
- July 17, 2012
Defaults on 401(k) loans reach $37 billion a year
- Los Angeles Times
- July 16, 2012
Retirement savings raided by 35% of laid‐off workers
- USA Today
- July 8, 2012
Pulling funds from 401(k) may hurt later
- USA Today
- April 3, 2012