as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is a 401(k) loan provision?
user
congratulations on the job offer!  that type of matching sounds good if you plan to stay at a company for more than a year. my experience has been that 401k matching can range from 2% up to 8% for your typical starting job, so a total of 6% is good. you would definitely want to contribute at least 5% to take advantage of the "free" money. loan provision could mean that loans from 401k are allowed. i did some research and found that not all company 401ks allow for you to take a loan out of your 401k. typically this is bad practice since you are robbing your 401k of it's major advantage - tax free compound interest.  source
assistant