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Participant Loan OK from a Rollover Account?
BenefitsLink Message Boards Link to more items from this source
July 20, 2018
Participant has an account in a money purchase pension plan and an account with a 401(k) plan. Participant meets the requirements for a lump sum distribution from the MPPP. He takes the lump sum, and then timely rolls it over into his 401(k). The 401(k) permits loans to participants. Can the participant use the amount rolled over into the 401(k) for a loan?

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