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    lorrie1209's Avatar
    lorrie1209 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 12, 2011, 08:36 PM
    401k loans
    I work at Wal-Mart distribution center in Shelby, NC. I want to get a loan on my 401k plan with Merrill Lynch. I want detailed information on this. I have been trying to find out this information for a month now.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 13, 2011, 03:49 AM
    Have you asked the Benefits administrator for your store or district? They can tell you the rules and provide the application form.

    This site contains a phone number for the plan administratirs:
    Wal-Mart Profit Sharing and 401k Plan | Form 5500 by BrightScope

    But I would be very surprised if there isn't an employee website you can use to apply.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Sep 13, 2011, 04:37 AM
    Yes, Walmart has very good HR, this surprises me that there is not a onsite HR that would merely have paper work.

    But Scott has provided you with great info. Also you should have been given detailed info when you signed up.
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