waid10 Posted October 20, 2009 Posted October 20, 2009 We have an employee who has a loan through our 401(k) and is making payments via payroll deduction. She is experiencing financial hardship and would like to stop repayment of the loan. What are the consequences for this action? I know it is in default for her and it is treated like a distribution. Are there any consequences for the plan? How should this process work? Thanks. Duplicate post: go here: http://benefitslink.com/boards/index.php?showtopic=43698
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