I had always taken it as "gospel" that if a participant terminated employment and wanted to roll over a remaining 401k plan balance, that any outstanding participant loan would be paid of at the time of the distribution. I am now getting a request from an individual who wants to roll over his entire balance, including the plan loan, to an IRA. Will an IRA accept a qualified plan loan and allow for ongoing repayment? Is this possible? If so, that's fine, I don't know enough about IRA regulations.
Thanks.
