What should sponsors consider when implementing a Taft-Hartley defined contribution loan provision?

Like other types of defined contribution plans, Taft-Hartley Defined Contribution (DC) participant loans are an optional plan provision that a plan sponsor can choose to offer participants. Plan sponsors should ensure that participant loan provisions in a Taft-Hartley DC retirement plan be thoroughly vetted and in compliance. Milliman’s John Donohue and Jinnie Olson provide more perspective in this article.

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