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Full Version: Distribution of a Deemed distribution

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

chris4013

Nov 24 2004, 08:02 PM

Default of a 22k loan. Participant qualifies for an inservice distribution. Can we treat the 22k default as an inservice distribution. We are past the cure period.

vebaguru

Nov 25 2004, 10:07 PM

What does the plan say about loan default and deemed distributions? Nothing in the law prohibits what you propose.

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