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Multiple Plans May Result in Excessive Participant Loans

Multiple Plans May Result in Excessive Participant Loans

by Jeff Chang | Jun 9, 2022 | 401(a), 457(b) Plans, Plan Administration, Record Keeping

Having more 457(b) or 401(a) plans than you really need can create administrative headaches, cost participants unnecessary fees, and sometimes result in “excessive” participant loan situations. If an employee participates in a 457(b) or 401(a) plan, it is likely that...

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