Participant Loans Module

The Participant Loan Module makes tracking and processing loans easy and error free.

  • Calculates TRA '86 maximum loan provisions, including 12 month windows
  • Electronic import of loan payments
  • Allocates interest to the borrower's account
  • Tracks individual transaction history
  • Amortizes loans according to payment schedules you specify
  • Tracks interest paid during calendar years
  • Offers choices for pro-rata or hierarchical withdrawals and loan payments. Additional option to make payments according to current investment election
  • Provides you with comprehensive loan reports:
  • Amortization schedule
  • Transaction history
  • Expected loan payment
  • Summary loan report
  • Truth in Lending Statement (Reg Z)