emmetttrudy Posted April 5, 2011 Posted April 5, 2011 A plan sponsor has a DB and 401k Plan (both one person plans, it is a self-employed individual). Do the loan regulations allow a $50k loan in the 401k Plan AND the DB Plan? Or is the loan limit aggregated amongst all plans and if he has a $50k loan in the 401k Plan he would not be eligible for an additional loan in the DB?
PensionPro Posted April 5, 2011 Posted April 5, 2011 All plans of the employer are treated as one plan under 72(p). PensionPro, CPC, TGPC
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