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BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs

bmurphy

Mar 8 2002, 02:33 PM

One of our clients mainatins and ESOP & a 401k. A participant termed last year & was paid her balance in both plans, however 401k distribution was taken out of ESOP assets. What is the proper method to correct?

Thanks,
Brian

Richard Anderson

Mar 8 2002, 08:34 PM

Why not take the money out of the 401(k) that should have been distributed from the 401(k) and put it in the ESOP.

pax

Mar 8 2002, 09:21 PM

Sounds like one plan has a "payable" and the other has a "receivable".

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