John A Posted May 25, 2001 Posted May 25, 2001 Can a safe harbor 401(k) plan allow participants to take loans from the safe harbor matching and/or nonelective contribution sources? If not, can the safe harbor required contribution sources be used in determining the maximum loan amount?
Alf Posted May 26, 2001 Posted May 26, 2001 There are not any specific limits on loans from safe harbor contributions. The IRS position is that safe harbor contributions are not eligible for hardships, but loans are available if the plan permits them.
Guest Stacey Bradford Posted April 25, 2002 Posted April 25, 2002 Are safe harbor contributions subject to the same loan default rules as 401(k) contributions (i.e., no foreclosure until a distribution even occurs)?:confused:
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