LOANS FROM 3% NONELECTIVE CONTRIBUTIONS IN A 401(k) SAFE HARBOR PLAN

[Guest ATTY]

Does anyone see a reason why a safe harbor 401(k) plan (using the 3% nonelective contribution) cannot allow participants to take loans from such safe harbor contributions?

[bzorc]

I don't see a problem with it. I would address the account hierarchy that the loan is paid from in the plan document, though.