30
jul
Must My Solo 401k plan Loan interest rate be evaluated every time an innovative new Solo 401k loan is manufactured?
30 de julho de 2020
Yes. The DOL laws need that the rate that is reasonable of standard should be evaluated at each and every time financing is originated, renewed, renegotiated, or modified. See DOL Reg. 2550.408b-1(a) (3) (ii) The plan is setup and use that rate continuously as such, a Solo 401k plan sponsor cannot simply choose a loan …
