White: There’s no expense for a 401(k) plan loan, aside from maybe an administration fee that is small.
Yellen: Really? Only an administration fee that is small? Fidelity Investments charges $50 merely to set the loan up. (several other companies charge more). And overnight—for a $25 fee if you need your money faster than snail mail, Fidelity will send it to you. Read the rest of this entry »