SavingsRUS Posted June 17, 2015 Share Posted June 17, 2015 Plan permits participants to take out participant loans at 0% interest. Is this commercially reasonable? If not, are the loans prohibited transactions? If so, do the participants have to repay the entire amount of the loans back to the Plan before the prohibited transaction can be treated as corrected? Or can the interest rate on the loan be renegotiated without the participants having to actually repay their loans? Link to comment Share on other sites More sharing options...
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