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Asked 12/5/2008

Is it legal for a comapny that contributes to a 401k plan to borrow agsint it?

I do not think so but I have friends that are claiming they have friends that had their comapny borrow against the 401Kplans etc... I think it is a load but wanted to check before arguing that they are out of their minds.

 
 
 
 
 
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