Multiple 401k loans at same time

[Kenneth Irvan]

If I have a 401k through my employer and a solo401k .....can I get a $50000 loan on both at the same time?

[Bernard Reisz]

@Kenneth Irvan You can have multiple loans from separate 401k plans, each up to the allowable limits for 401k plan loans. 

Caveat: 401k plans of certain related businesses are aggregated and treated as a single plan for most purposes. So, to qualify for 2 401k loan limits, the 2 plans must not be sponsored by businesses that are treated as 1 within retirement plan rules. In most cases, there's no issue - but in the event that there's a relationship between the 2 sponsoring businesses expert advice is required. The rules governing aggregation of businesses for 401k purposes often disqualifies investors from adopting a Solo401k plan and is too often overlooked.

@Yonah Weiss Appreciate the tag and glad to chime in.