Stash026 Posted October 29, 2015 Posted October 29, 2015 Just a Plan design question. A client is putting in a Profit Sharing Contribution, but they don't want to allow participants to take a loan from that source (only from the current 401(k)/Safe Harbor Contribution). Has anyone ever come across that before? Is it allowed?
Bird Posted October 29, 2015 Posted October 29, 2015 Allowed. We do it sometimes for 401k money only...makes we wonder a bit if that isn't what they meant but didn't quite understand the sources. Ed Snyder
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