EPIC Retirement Plan Services
Randall & Hurley, Inc.
Loren D. Stark Company
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|Checks Not Issued Until Month Following Payroll Date -- What Effect on Default Date for a Participant Loan?|
BenefitsLink Message Boards
Aug. 24, 2021
"Say the payroll date is 12/31. Paychecks aren't typically issued until the following week, i.e. in January. Loan repayments were stopped. Would the loan's default day (at the end of the 2nd quarter following the first missed payment) be March 31 or would it be June 30?"
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