How to Pay Off Your 401(k) Loan

You can pay off your outstanding 401(k) loan early by mailing a check. Follow the steps below so your payment is applied correctly and your loan is closed without a remaining balance.

Do not estimate your balance. Loan interest accrues daily, so the amount needed to fully close your loan changes each day.

Contact NestEggs to request a loan payoff quote. The quote will list:

• The exact dollar amount required to pay the loan in full

• The good-through date the amount is valid until

Your check must be received and posted on or before the good-through date. If it arrives later, the payoff may fall short and leave a small balance on your loan. If you cannot mail in time to be received by that date, request an updated quote.

Contact NestEggs for check payable instructions.

Contact NestEggs for check mailing instructions.

Allow for mailing time when comparing against your payoff good-through date. If your good-through date is close, use overnight delivery.

Mailing the check alone may not close your loan. NestEggs must record the payment against your specific loan.

After you mail your check, notify NestEggs that a payoff check is on the way by emailing info@nesteggs401k.com.

Provide:

• Your name and plan or company

• The check number, check amount, and the date you mailed it

• The delivery method (standard or overnight)

For questions about your loan payoff, contact NestEggs at info@nesteggs401k.com.