tertue Posted January 2, 2013 Posted January 2, 2013 If an employee has an outstanding loan from his 401K can he still make deferrals while paying off the loan?
ETA Consulting LLC Posted January 2, 2013 Posted January 2, 2013 Sure you can. You should be sure to recordkeep the transactions appropriately. Good Luck! CPC, QPA, QKA, TGPC, ERPA
david rigby Posted January 2, 2013 Posted January 2, 2013 ... depending on the actual plan provisions. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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