Can participants take a loan from their 401(k) plan?

Many 401(k) plans allow for eligible participants to take a loan against their 401(k) balance. Generally speaking, you can only take a loan against half of your total vested 401(k) balance, with a maximum loan amount of $50,000 and a minimum loan amount of $1,000. If you would like to learn more or want to confirm if your plan allows for you to take a loan, please contact our Participant Support Team at [e-mail].