Jilliandiz Posted July 10, 2006 Posted July 10, 2006 Can a participant have a negative cash balance and a positive stock balance?
stephen Posted July 10, 2006 Posted July 10, 2006 It is possible, but not advisable as negative cash balances can lead to all sorts of administrative issues.
Kirk Maldonado Posted July 10, 2006 Posted July 10, 2006 What caused the participant to have a negative cash account balance? Kirk Maldonado
E as in ERISA Posted July 10, 2006 Posted July 10, 2006 Is it ongoing or was it just temporary? Maybe a participant took a distribution of assets other than employer stock. But the trade didn't settle as expected so he got a larger distribution than the liquidation of the assets produced? So maybe a little stock needs to be sold to cover the negative balance?
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