Safe Harbor 401(k) Matching Contributions

[Guest ATTY]

Can a participant in a (basic matching) safe harbor 401(k) plan take a loan from the safe harbor contributions? I haven't seen any guidance prohibiting it.

On a related note, has anyone ever seen any commentary on the wisdom of allowing participants to take a loan from their elective deferrals? I realize many plans allow it, but it seems like a default in this circumstance (i.e., a deemed distribution) would technically violate 401(k)(10). Any thoughts are appreciated.

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ATTY