tylerb172

Company A Owns 60% and Company B owns 40% of Company C. The employees of Company B are no longer employee of Company B but now employee of Company C. Company B sponsored a 401k Plan previous. New Company C started sponsoring a 401k plan that allows rollovers. Both Company A and B still exist and neither have employees. All employees from A & B are now employees of Company C. Do the employees of company B have a distributable event?

in this instance the company setup a successor plan and notified their prior provided they would be transferring their assets. The prior TPA marked the employee as "terminated" and processed the distribution request. The employee received their pretax deferrals and vested employer balance. Would this still apply? How can the employer replace pretax dollars?

In this instance the company setup a successor plan and notified their prior provided they would be transferring their assets. The prior TPA marked the employee as "terminated" and processed the distribution request. The employee received their pretax deferrals and vested employer balance. Would this still apply? How can the employer replace pretax dollars?

In this instance the company setup a successor plan and notified their prior provided they would be transferring their assets. The prior TPA marked the employee as "terminated" and processed the distribution request. The employee received their pretax deferrals and vested employer balance. Would this still apply? How can the employer replace pretax dollars?

I'm looking for the rule that states what happens to the plan if a participant is allowed to take a non qualified distribution and is unable to repay the money back into the plan. IRS corrective actions state the money needs to be restored but doesn't state the ramification if it is not able to be restored.