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Each 401(k) plan allows two outstanding loans. The minimum loan amount is $1,000 and the maximum amount is 50% of your vested account balance not to exceed $50,000. Any outstanding loan balances over the previous 12 months may reduce the amount you have available to borrow. For more information on loans, or to initiate a loan, log on to Fidelity at www.401k.com or call the Fidelity Retirement Line at 1-800-256-4015, Monday through Friday from 8:30 a.m. to 8:30 p.m., Eastern Standard Time to speak with a Fidelity representative. The automated voice response system is available 24 hours a day, 7 days a week. |