Guest bmurphy Posted March 8, 2002 Posted March 8, 2002 One of our clients mainatins and ESOP & a 401k. A participant termed last year & was paid her balance in both plans, however 401k distribution was taken out of ESOP assets. What is the proper method to correct? Thanks, Brian
Richard Anderson Posted March 9, 2002 Posted March 9, 2002 Why not take the money out of the 401(k) that should have been distributed from the 401(k) and put it in the ESOP.
david rigby Posted March 9, 2002 Posted March 9, 2002 Sounds like one plan has a "payable" and the other has a "receivable". I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now