Loan interest with pooled account

[BG5150]

If a plan has its assets in a pooled account, and participants take loans, does the interest get paid back to the trust as a whole, or do we need to separately account for the interest per person who took a loan?

[four01kman]

Pooled. That is one of the many reasons we went to individual accounts years ago.

[Jim Norman]

Even though the plan is pooled, the loan can be treated as a segregated account fbo the specific participant. This is DOL's preferred approach. Need to see what the plan document says, it should address this.