According to a news release from the St. Paul, Minnesota company, the new offering will enable third party administrators, recordkeepers, and plan sponsors to create and print compliant document sets with accurate calculations.
The product reduces compliance risk for users
and integrates with the customers’ existing loan
origination platforms, eliminating the need to retrain
staff on new processes, according to the announcement.
The module’s calculations and compliant document sets are available for both 401(k) loans and 403(b) loans.
To learn more, visit the company’s Web site www.401kloans.com or call 1-866-906-401k.