Kilpatrick Townsend


Insights: Publications IRS Offers 2 Methods to Correcting Missed Plan Loan Payments HR Daily Advisor December 12, 2017 Written by Many qualified profit-sharing and 401(k) retirement plans allow participants to take loans from their account balance. To ensure that the loan is repaid and to avoid administrative headaches, many plans require repayments be made by payroll deduction.

Insights: Publications

IRS Offers 2 Methods to Correcting Missed Plan Loan Payments

HR Daily Advisor

December 12, 2017

Written by

Many qualified profit-sharing and 401(k) retirement plans allow participants to take loans from their account balance. To ensure that the loan is repaid and to avoid administrative headaches, many plans require repayments be made by payroll deduction.