Sec. 609.117. LOANS UNDER 401(K) PLAN. The plan administrator of a 401(k) plan shall develop and implement procedures to efficiently administer a program that allows a qualified vendor to lend money to a participating employee.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Title 6 - Public Officers and Employees
Subtitle A - Provisions Generally Applicable to Public Officers and Employees
Chapter 609 - Deferred Compensation Plans
Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions
Section 609.102. Creation of Plan
Section 609.1025. Roth Contribution Programs
Section 609.103. Designation of Plan Administrator
Section 609.104. Removal of Plan Administrator
Section 609.105. Delegation of 401(k) Plan Administrator's Authority and Responsibilities
Section 609.106. Oversight Committee
Section 609.107. Authority of Plan Administrator
Section 609.108. Investment and Transfer of Deferred Amounts and Income
Section 609.109. Participation of Independent Contractors
Section 609.110. Changing Amount Deferred
Section 609.113. Evaluation and Approval of Qualified Vendor
Section 609.114. Number of Vendors Under 457 Plan
Section 609.115. Contract With Qualified Vendor
Section 609.116. Regulation of Qualified Vendors
Section 609.117. Loans Under 401(k) Plan
Section 609.1175. Loans Under 457 Plan