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Can a 412i plan have a plan loan provision? DB Money Purchas Plans pla

Guest NPaleveda

By Guest NPaleveda
in Defined Benefit Plans, Including Cash Balance

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Guest NPaleveda

Guest NPaleveda

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Can 412i plans have Paln Loan provisions?

Guest KAR

Guest KAR

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Posted

"Normal" or "traditional" Defined Benefit plans and money purchase plans may have loan provisions in the plans. As part of the 412i regulations, 412i plans can NOT have loan provisions.

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