-- You get
one of those great plan-specific info packs (the Loan Pac) that
explains 401k loans to your plan's participants and gathers
the information you need from them.
-- Your customized
401k software handles all the payment calculations.
-- Your customized
401k software prepares notification to the investment company to liquidate
the necessary funds, too.
-- Your customized
401k software even automatically deducts the proper loan payments from
contributions made to the participant's account until the loan
is repaid.
