Kathy has an account balance in her employer’s money purchase pension plan of $100,000. The plan uses a 2-6 year graded vesting schedule and Kathy has worked for the company for 5 years. What is the maximum plan loan that Kathy is legally permitted to take?
a. $20,000
b. $30,000
c. $40,000
d. $50,000
Get Answers For Free
Most questions answered within 1 hours.