Wisconsin Banking Update
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401(k) Loans, Withdrawals Increase
Posted on August 24th, 2010 No commentsAbout 11 percent of people with 401(k) plans with Fidelity Investments have taken loans from them in the last 12 months, up from 9 percent one year ago. Those with outstanding loans from their 401(k) plans has also risen two percentage points in the same time, to 22 percent, according to the company. Hardship withdrawals have increased as well. Read the Small Business Times article.
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