Felicia Posted April 8, 2000 Posted April 8, 2000 If a plan permits loans, can the loan be taken from the 401(k), match and profit sharing portions of the plan?
Ervin Barham Posted April 10, 2000 Posted April 10, 2000 The most obvious answer is to check the plan document. Some plans will only allow loans from certain sources. If it is silent, then your loan documents should address this, preferably by having the participant electing which source. Some loan documents automatically pro-rate the sources. Check with your plan provider about the loan forms. The short answer to your question, though is yes, but check your documents.
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