How much does it cost to use the 401(k) Line of Credit? Lendtable Team August 02, 2023 03:10 Updated There are two types of charges when using the 401(k) Line of Credit: $10 monthly fee that is deducted from one deposit every month. A flat fee of 20% is applied to the after-tax amount of employer matching contributions earned. Related articles When do I need to pay my 401(k) Lendtable Balance? When will I receive deposits from the 401(k) Line of Credit? Example Scenario: Repaying after one year using a 401(k) withdrawal. Left employer. Why is the amount of my deposit less than my 401(k) payroll contribution? How does Lendtable verify contributions? Comments 0 comments Please sign in to leave a comment.
