Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|Should a Plan Offer Loans to Participants?|
Jan. 12, 2015
"Although there are many abuses involving plan loans, there is still a valid reason to offer no more than two loans -- as long as participants are made aware of all the consequences. The first is the double taxation on loan interest.... The second consequence for employees to consider is leaving their job when they still have an outstanding loan."
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