Are you interested in taking a participant loan from your retirement plan account? Our step-by-step tutorial shows you how.
Certain plans allow participants to originate participant loans, and repay the loan through payroll deduction. The Spectrum Participant Web includes features for participants to originate participant loans electronically.
Please be aware, if you do not see Participant Loan Origination options, then it is possible that your:
- plan does not include loan provisions, or
- employer has not adopted paperless loan origination for your plan.