You can borrow up to half the account balance or $50,000, whichever is less. But if you borrow, you have to repay, typically through a payroll deduction.
Small companies are always right on the edge. (Setting up a retirement plan) distracts the management from their single-minded purpose of getting business in the door. You've got to make it easy for those people.
The family is of course heartbroken by their loss ... but they are amazed and grateful at the support they have received.
They're going to prioritize where they're going to send checks. The owner or manager is using the cash funds until the miraculous rescue occurs.
Employers are looking ahead. They want to find out what people want before they walk in the door.
It is wonderful to see companies who have the commitment that these companies show. They are really trying to do the right thing with their workforce. They are good examples for the rest of American business.
You can typically get a loan in a few days and the companies are pretty open to this, they don't require you to submit a lot of paperwork to get a loan.
Have a compelling argument that speaks to the bottom line.
Linda Franklin will be missed. She was an extraordinary example of living with joy and gratitude no matter what came her way.
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