401k Plan Loans - An Overview
Finance
Allowing loans within a 401k plan is allowed by law, but an
employer is not required to do so. Many small business just
can't afford the high cost of adding this feature to their plan.
Even so, loans are a feature of most 401k plans. If offered, an
employer must adhere to some very strict and detailed guidelines
on making and administering them.
The statutes governing plan loans place no specific restrictions
on what the need or use will be for loans, except that the loans
must be reasonably av...
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July 2nd, 2009



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