Question: Mark participates in a Section 4 0 1 ( k ) plan maintained by his employer. His vested account balance is $ 2 5 ,

Mark participates in a Section 401(k) plan maintained by his employer. His vested account balance is $25,000. Four years ago, he took a retirement plan loan for $10,000. The balance on that loan today is $2,200. A year ago, the balance was $4,300. What is the maximum loan amount he can take from his Section 401(k) plan? A) $12,500 B) $8,200 C) There can only be one loan at a time. D) $10,300

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