46% of retirement plan participants who borrow from retirement plan do so for debt consolidation . Other typical reasons for 401k loans include emergency funding, home purchase or improvements, and supplementing income due to job loss. Sadly, nearly 15% of retirement plan participants who borrow from their 401k plan do so to fund a special event, such as a vacation or wedding. We explore participant loans in our featured article, Borrowing from 401(k)s - Short-Term Solution, Long-Term Impacts . If you prefer our printable PDF newsletter, we included it as an attachment to this article. As always, we hope you find our newsletter informative. We invite you to comment on and share this article.