Welcome to The Contractors Plan Loan Program
The Contractors Plan Loan Program is a retirement savings plan loan solution that allows you to
borrow exactly the amount you need, when you need it, and repay it as quickly and easily as possible. Here’s how it works.
You apply for the Contractors Plan Loan Line the same way you would for a traditional retirement savings plan loan.
But instead of being sent to you in a lump sum check, the amount of the Loan Line is transferred into a money market
or stable value fund within your retirement account. To access your money, simply request a check or direct deposit from the plan up to the approved loan line amount.
It is only when you initiate a transaction that a loan is created. This way you
borrow only what you need when you need it. After taking a loan, you can repay it at any time in any amount as
long as the minimum payment is met via electronic payment or check payable to The Contractors Plan.
No other similar service can provide you with the same level of security during times of need while never losing sight of
your retirement goals. The Contractors Plan Loan Program enables you to:
- Limit your loan amount to your exact need
- Accelerate repayment when you choose
- You many continue to make payments, even if you change employers
From this site you can easily monitor and manage your Loan Line account details,
forms and statements and budget accordingly.