The Contractors Plan
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How to Establish a Line of Credit

Step 1: Apply Today

Once you have completed the application process, the loan line will be reviewed in accordance with the IRS limitation of the lesser of $50,000 or 50% of the eligible balance. You must have at least a $2,000 vested account balance in The Contractors Plan to obtain a Line of Credit. If you are married, by law, your spouse must consent to the loan line if your account is over $5,000.

Step 2: Movement of Funds

Once the amount of the loan line is approved, the amount of the line will be transferred from your current investments into a money market or stable value account within your retirement plan, usually within 2 to 3 business days. These funds will stay in your retirement account until you choose to access your loan line.

Step 3: Receive Your Funds

After your application has been processed, you may requrest a check or direct deposit from The Contractors Plan, up to the amount of your approved loan line.

That's all it takes to begin. After you initiate a loan, you'll receive detailed monthly statements that report your outstanding balance, minimum payment due, a summary of the previous month's transactions, instructions for repayment, and your available balance.

Each month, you can select to pay the minimum payment due or any amount up to your entire outstanding balance. Monthly payments may be made by automatic electronic deductions from your bank checking or savings account, or by check.

Participant Log-in

Click here to log-in to access participant information

The Contractors Plan gives you the ability to limit your borrowing and have flexible repayment options

Need help?

Contact customer service at or (888)272-7526 (7:00am to 7:00pm CT M-F).