Loan & Distribution Processing
Each recordkeeper provides an online system that allows participants to request
loans and distributions from their account based on the allowable plan provisions.
Some systems allow for the dynamic generation of customized signature-ready PDF
documents for the participant to print, sign and submit for processing. Plan sponsors
can also view the processing panel displays for a list of pending loan and distribution
requests submitted by plan participants. Authorized plan administration user(s)
can approve or deny the requests.