A terminated participant was provided a distribution check for $150 in December 2016. In 2017, the investment company determined that the check was never cashed and has reversed the transaction and is including the funds in the plan's assets. A new check was written in June to the participant and he is cashing the check.
For 5500 reporting, at 12/31/16 should the stale check be included in the ending asset balance? Also, should the 2016 1099R for the participant be amended to reflect $0 distribution and a new 1099R prepared for 2017 showing the payment?