Georgia 401k » Loan Limits http://www.georgia401k.com Specializing in Providing Employers 401k Services Thu, 17 Dec 2009 14:14:38 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 401k Loan Limits http://www.georgia401k.com/2009/06/401k-loan-limits/ http://www.georgia401k.com/2009/06/401k-loan-limits/#comments Sun, 28 Jun 2009 01:03:10 +0000 admin http://www.georgia401k.com/?p=43 In most cases, an employee can borrow up to fifty-percent of their vested account balance up to a maximum of $50,000. If the employee has taken out a 401k loan in the previous twelve months, they will only be able to borrow fifty-percent of their vested account balance up to $50,000, less the outstanding balance on the previous loan. The 401k loan must be paid back over the subsequent five years with the exception of home purchases, which are eligible for a longer time horizon.

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