Second i talk about the latest determinants regarding 401(k) loan non-payments, you start with new realization statistics appearing in Dining table 5

In a single 12 months, on the one to-fifth of loan-qualified employees within test got no less than one loans a good. However, among users terminating employment having outstanding fund, 86 percent did not repay its the fund (others paid its membership loans and hence prevented default). Because the participants defaulting on the bundle money totaled around 10% of all players which have the loans, i estimate you to definitely about 90 per cent out of members reduced the loans across the four-seasons several months seen. 23

Desk 5

Analytics researching people just who defaulted rather than paid off its financing are available in Table 6 , and additionally research for the the consumers as well as financing-eligible package players.