How long will it take for a direct deposit loan from my home depot 401k?
The length of time it takes for your 401k loan to deposit into your bank account will vary, if it's been approved usually 3-5 business days.However, you will need to contact your employer (Home Depot) or it's plan administrator for that information. ChaCha!
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Older Answers
The length of time it will take for a direct deposit loan from your Home Depot 401(k) isn't listed online. Home Depot's corporate headquarters' phone number is 770-433-8211 .
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About 401k
A 401K plan enables employees to save money for retirement in a tax free fashion until the money is withdrawn from the account upon the acceptable retirement age. The funds in the account can be invested in different stocks, bonds, mutual funds or other assets. This was created by Congress in 1981 and is named 401k due to the section of the Internal Revenue Code that describes it.
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