DALLAS, Jan. 25, 2017 /PRNewswire/ -- Custodia Financial, the innovator behind Retirement Loan Eraser (RLE), announced that Kim Zimmerman and Kevin Crews have joined the organization in key business roles.
Ms. Zimmerman is a Senior Project Manager, responsible for establishing new users onto Custodia's proprietary technology platform. She is a veteran in the retirement industry that brings more than 20 years of institutional retirement experience to the organization. Prior to Custodia, she held a number of positions at Fidelity Investments. Ms. Zimmerman holds a Masters in Business Administration from The University of Dallas Graduate School of Management and a Bachelor's degree in Business Administration from Westminster College.
Mr. Crews was hired as Operations Director and will oversee areas that include insurance premiums and claims processing. He joined Custodia from the Newport Group, where he led an administrative unit supporting large retirement plans. Mr. Crews brings 10 years of financial service experience and holds a Master of Science from Amberton University as well as a Bachelor's degree in Economics from the University of Oklahoma.
Kim and Kevin will report to George White, Executive Vice President, Operations. "We are thrilled to have talented professionals like Kim and Kevin join our team. Their experience supporting large clients at leading retirement firms and their unique familiarity with the widespread issue of 401(k) loan leakage will help Custodia move the industry forward to safeguard and protect retirement loans," said White.
"We are fortunate to deepen our pool of industry, ERISA and retirement business knowledge with these new members of our team," said Tod Ruble, CEO. "Like the rest of our management team, they are excited to successfully implement our simple yet effective solution that not only prevents 401(k) loan defaults and associated cash outs, it reduces fiduciary risk, retains plan assets and improves retirement outcomes for our clients," said Ruble.
About Retirement Loan Eraser: RLE is the only solution available that prevents 401(k) loan defaults caused by involuntary job loss. Loan defaults in 401(k) plans are widely acknowledged as a significant problem, with a study finding that approximately $6 billion in loans default annually (exclusive of associated cash outs). To adopt RLE, contact Custodia Financial.
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SOURCE Custodia Financial