Loans

How do I know how much is available for a loan?

You can view the amount you have available for a loan by logging into your online account, clicking the Loans menu option – located under the Loans & Withdrawals menu section. Once you’re on the loan…

Chandler Julian
Updated 3 months ago by Chandler Julian

How to Make Extra Payments on Your Retirement Plan Loan

You can make a one-time payment or extra payments on your retirement plan loan by sending in a check, initiating an ACH push, or wiring money to the plan’s custodial account at Charles Schwab Bank. O…

Chandler Julian
Updated 3 months ago by Chandler Julian

How to Pay Off Your Retirement Plan Loan

You can pay off your retirement plan loan by sending in a check for the payoff amount (remaining principal + accrued interest) to the plan’s custodial account at Charles Schwab Bank. Once the check h…

Chandler Julian
Updated 3 months ago by Chandler Julian

How to Request a Loan

Can I Request a Loan Through My 401(K)?. It depends on your plan because not every plan offers loans. If you're unsure if your plan allows for loans, you can check with us or ask your employer. How M…

Chandler Julian
Updated 3 months ago by Chandler Julian

How to Take a Loan from Your Retirement Account

If your plan allows for loans, you can make a loan request through your online retirement account or via the paper form that’s available through your employer. Here are steps for requesting a loan on…

Chandler Julian
Updated 3 months ago by Chandler Julian

Loan Repayment Requirements

What happens when I miss a payment? If you miss a loan payment, the best course of action is to make up the missed payment. To get caught up, you can notify your payroll administrator to increase loa…

Chandler Julian
Updated 3 months ago by Chandler Julian

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