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My company switched 401k providers a few years back. Recently I have been playing around with amortization tables in excel and realized that my payment should have been lower. After talking with current 401k provider I found out that when they took over the loan they re-amortized the loan which changed the payment. Is this correct.? I do not ever remember getting any information over them doing this.

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  • Are you saying that the payment withheld from your check went up a few years ago? Does that mean you will have the loan paid off earlier than you planned? Isn’t that a good thing?
    – Ben Miller
    Apr 26, 2020 at 3:14

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