dmb Posted September 22, 2003 Posted September 22, 2003 MPP merged to PSP in 2002. Owner, wife and 1 other participant. Self directed broker accounts. "other participant" did not merge her account but took a distribution from the MPP. No signed paperwork and amount taken exceeds 50% of the combined MPP/PSP balances so loan does not work. Also no 1099R. Any suggestions to correct would be appreciated.
ljr Posted September 22, 2003 Posted September 22, 2003 How did this person manage to "take" their money when the owner of record is/should be the Trust? Maybe someone made an error in processing the distribution?
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