Loan Eligibility and Repayment for 401(k) and 457(b) Participants
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Questions and Answers

Which type of participants are eligible for new loans in the Main Plan 401(k) and 457b(b)?

  • PST participants
  • Beneficiaries
  • Retired annuitants
  • Active participants (correct)

    • Which source of money can loans be disbursed from?

  • Rollover pretax money source
  • Both roth and pretax money sources
  • Roth money source
  • Pretax money source (correct)

    • How many times can the payment date be changed during the life of a loan?

  • Unlimited times
  • Once (correct)
  • Twice
  • Three times

    • Which participants are not eligible for loans?

    <p>All of the above</p> Signup and view all the answers

    What is the default style of a loan?

    <p>Quarter following quarter</p> Signup and view all the answers

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