Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Maximum Loan Amount Requested But Then Stock Market Dropped -- Which Lowers the Maximum Amount?|
BenefitsLink Message Boards
June 18, 2021
"A participant requested the maximum loan available. Did the loan paperwork. He returned paperwork and the market has gone down. Can I process for the amount in the paperwork, or can he only have the maximum on the date it is processed? If the latter, do I have to redo the paperwork for the new amount?"
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