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Showing content with the highest reputation on 11/09/2020 in Posts

  1. MoJo

    Participant Loan

    Guilty....
    2 points
  2. MoJo, that's pretty academic!
    1 point
  3. (B) any subsequent repayments with respect to any such loan shall be appropriately adjusted to reflect the delay in the due date under subparagraph (A) and any interest accruing during such delay, The January payment is a subsequent payment with respect to the suspended payment and therefore would be appropriately adjusted to reflect the delay by adjusting its due date.
    1 point
  4. But here is another thought, though I hate to be practical when practicality is so rarely a consideration! Could you imagine what a nightmare it would be track all of these elections independently and know when to resume payments based on each individuals personal election? That could be "unruly" unless there is some really rock solid system in place (like a 360 bridge). Overall, this would be a recipe for disaster. Resuming all payments 1/1/2021 is a LOT easier...
    1 point
  5. Lou S.

    Participant Loan

    Or if employees abuse it, amend out plan loans. They aren't a protected benefit.
    1 point
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