Guest KNAF Posted January 22, 2002 Posted January 22, 2002 We are taking over a 401k plan that has been in existence for many years. In the process of the takeover it was discovered that several owners of the s-corporation currently have outstanding loans (repayments have been made since the initial withdrawals several years ago). How can this be corrected since they were withdrawn prior to the 1/1/2002 effective date that permits such transactions. Thank you.
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