Any restrictions on business owner obtaining loans from his or her bus

[Guest msearle]

Are there any restrictions on owners pertaining to obtaining loans against their 401(k) if the plan allows such arrangements?

[LCARUSI]

Shareholder-employee (5% owner) can not borrow from an S Corp. This includes certain relatives of the Shareholder-employee.

For partnership or sole proprietorship: plan can't lend to owner-employee or to the spouse and certain other employees

Check 401(a)(13),4975(d)

[Guest msearle]

Is this the language in 401(a)(13) you're suggesting that doesn't let owners take out a loan against their 401(k)? This appears to be applicable to the entire plan.