Guest justbe Posted November 1, 2004 Posted November 1, 2004 Can an employer have a written loan program that excludes a participant's investment in employer securities for purposes of obtaining a loan? (e.g. all investments BUT the ER Stock Fund can be used for a loan)
Brian Gallagher Posted November 1, 2004 Posted November 1, 2004 I would say that is okay. As long as it applies to everyone equally. Just make sure that HCE's won't get a bigger benefit by doing that. Remember: two wrongs don't make a right, but three rights make a left.
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