NUMBER OF LOANS. The default loan policy under Section 13.04 of the Plan restricts Participants to one loan outstanding at any time. To override the default loan policy and permit Participants to have more than one loan outstanding at any time, complete (a) or (b) below.
Appears in 7 contracts
Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement, Pension Plan Adoption Agreement, Pension Plan Adoption Agreement
NUMBER OF LOANS. The Subject to the terms of any Investment Arrangement, the default loan policy under Section 13.04 of the Plan restricts Participants to one loan outstanding at any time. To override the default loan policy and permit Participants to have more than one loan outstanding at any time, complete (a) or (b) below.
Appears in 2 contracts
Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement
NUMBER OF LOANS. The Subject to the terms of any Investment Arrangement, the default loan policy under Section 13.04 of the Plan restricts Participants to one loan outstanding at any time. To override the default loan policy and permit Participants to have more than one loan outstanding at any time, complete (a) or (b) below. (a) A Participant may have loans outstanding at any time.
Appears in 1 contract
Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement
NUMBER OF LOANS. The default loan policy under Section 13.04 of the Plan restricts Participants to one loan outstanding at any time. To override the default loan policy and permit Participants to have more than one loan outstanding at any time, complete subsection (a) or (b) below.
Appears in 1 contract
Samples: Nonstandardized Governmental Money Purchase Plan Adoption Agreement
NUMBER OF LOANS. The default loan policy under Section 13.04 of the Plan restricts Participants to one loan outstanding at any time. To override the default loan policy and permit Participants to have more than one loan outstanding at any time, complete (a) or (b) below. □ (a) A Participant may have loans outstanding at any time. Sample Document □ (b) There are no restrictions on the number of loans a Participant may have outstanding at any time.
Appears in 1 contract
Samples: Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement
