sla

Payroll person uses/embezzles employer funds to pay her 401(k) loan. Terminates employment, receives her full vested distribution from the plan. Since embezzled money was deposited to the plan on her behalf, then distributed to her from the plan. Employer has discovered this issue recently in 2015, transactions occurred 2013 & 2014. What is the responsibility of the plan? Or is this an internal employer issue?

Two companies of one owner, two separate plans, plan A and plan B. An employee transfers employment from plan A to plan B (under the same employer), can the employee transfer their plan A assets to plan B and continue paying their plan A outstanding loan balance to plan B after the transfer?