Q. Upon distribution, what kinds of repurchase rules are there for 401(k) plans upon lump sum distribution of a participant's account that holds some closely employer stock? Obviously the put-option and repurchase rules of ESOPs do not apply, but if the Plan Document is silent as to form of payment, just that participants have a right to lum sump, could employers make distributions in-kind? If so, how the heck can a participant find a market for the closely held stock?

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Will L.