401(k) loans to employees of non-US sub

By Guest Chris O'Daniel
September 15, 1999 in Distributions and Loans, Other than QDROs

https://benefitslink.com/boards/topic/2863-401k-loans-to-employees-of-non-us-sub/

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Guest Chris O'Daniel

Posted September 15, 1999

We have several former US employees with 401(k) balances now employeed by non-US subsidiaries (not on temp US assignment). As they are members of the controlled group we consider them participants. As they have no US income they can not contribute to the plan. Does anyone else have this issue and how do you collect payment?

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https://benefitslink.com/boards/topic/2863-401k-loans-to-employees-of-non-us-sub/

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401(k) loans to employees of non-US sub

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