401(k) Fridays Podcast

Episode Description Over the years, participant 401(k) plan loans have gotten a bad rap both with plan sponsors and within the industry.  In this episode my guest, Todd Cowman, a Senior Consultant at the Principal Financial Group explores whether that bad reputation is deserved.  Todd does a great job of explaining some of the fundamentals of 401(k) plan loans, which are often times misunderstood, and brings a frank overview of the pros and cons of 401(k) plan loans for participants and plan sponsors.  Finally, he leaves plan sponsors with some thoughts on plan design and loan policy features to help limit the potential abuses of 401(k) loans.  Guest Bio Todd Cowman is a Senior Consultant for the Principal Financial Group . Todd has been with the Principal Financial Group since 1993.  He works primarily with Defined Contribution and Defined Benefit clients, both qualified and nonqualified, with up to $1B in retirement plan assets, designing an overall retirement program that is both cost effective to employer