To Loan or Not to Loan? As you re-evaluate your retirement plan’s design, consider asking yourself, “Should our plan continue allowing participants to take loans from their retirement accounts?”
If your retirement plan currently permits loans, you are not alone. According to the Profit Sharing Council of America’s (PSCA) recently published 55th Annual Survey of Profit Sharing and 401(k) Plans, loans are permitted in 88% of profit sharing/401(k) plans. September 2013
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