If you face a real emergency and have exhausted all other options, a loan from your retirement plan may be your best alternative. We are pleased to offer the 403(b) Tax Sheltered Annuity Plan and the 457(b) Deferred Compensation Plan to eligible employees.Notably, that subdivision also explicitly limits the effectiveness of a payoff demand statement to 30 days, a time period exceeded in this case. With a 401(k) loan, you borrow money from your retirement savings account. Find your Contra Costa Arc 401(k) account in minutes and log in to access your savings. Explore the benefits of a 401(k) rollover with this helpful guide. Contra Costa College participates in the Federal Direct Student Loan Program. Students may submit a Loan Request online through InSite. Retirement plans may offer loans to participants, but a plan sponsor is not required to include loan provisions in its plan.