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Next i speak about the fresh new determinants away from 401(k) loan non-payments, you start with the fresh new summary statistics lookin into the Dining table 5

Next i speak about the fresh new determinants away from 401(k) loan non-payments, you start with the fresh new summary statistics lookin into the Dining table 5

In a single year, on the you to-5th out-of mortgage-qualified team within shot had a minumum of one money an excellent. But among participants terminating a position that have an excellent financing, 86 % don’t pay off its an excellent fund (the others paid back its account money so because of this avoided standard). As participants defaulting on their bundle money totaled up to ten percent of the many members that have outstanding fund, we estimate one on the ninety percent off members paid off its finance along the four-year period seen. 23

Desk 5

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Analytics researching players just who defaulted as opposed to paid off its financing come in Desk 6 , also investigation on the every borrowers as well as financing-qualified plan users.