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401(k) Loan Activity Trends

401(k) Loan Activity Trends

NAPA Net’s May report indicates that 401(k) participants were slightly less likely to have outstanding loans for year-end 2014 than for 2013.

Between 1996 and 2008, less than one-fifth of participants with access to loans actually had loans outstanding. That amount went up to 21% by year-end 2009 and remained steady through 2013 before falling to 20% by year-end 2014. Loan amounts, however, edged up from $7,421 in 2013 to $7,780 by y/e 2014, based on a report from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI).

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