Above & Beyond Retirement, LLC
Retirement Planning Services

Quick Reference

Limits, Deadlines, & Helpful Resources

Understanding Participant Loans


Allowing Participant Loans in your plan

is a way to encourage employees to save as much as possible, while also providing them with a means of accessing a portion of their savings in away that does not deplete their retirement balance.  With a loan the participant gets to pay themselves back, both principal and interest, over 5 years (or possibly longer if the loan is for the purchase of a primary residence). 

Angie Darby