How many loans are allowed by fidelity401k?

Fidelity 401(k) plans typically allow participants to take out one loan at a time, but the specific number of loans may vary based on the plan's rules set by the employer. Generally, the maximum loan amount is the lesser of $50,000 or 50% of the vested balance in the account. It's important to review your specific plan documents or consult with your plan administrator for precise details.