Guest Bob Lees Posted November 27, 2001 Posted November 27, 2001 We have a participant that made an extra 15 loan payments for his loan. He should have stopped paying the loan back in August, but continued paying through November. What happens to the extra payments? Return? After tax contributions?
stephen Posted November 28, 2001 Posted November 28, 2001 I think you should be able to return the overpayments to the participant. I would not introduce after tax contributions to a plan that did not already have them. Does the plan allow for after tax contributions?
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