Deceased Participant Owed Corrective Distribution

[Guest SHM]

Profit Sharing Plan participant is deceased. His wife was his beneficiary, and she received MRDs from the plan in 2005, 2006 and 2007. Wife died in 2008. The TPA discovered that it miscalculated MRDs in previous 3 years, and wife should have received more. The EPCRS-approved correction method is to pay out the amount of MRDs that should have been paid, plus earnings.

Question: to whom should the corrective distribution be made? To the wife's estate? To the beneficiaries of the wife's account in the plan?

Any insight into this scenario that you can share is much appreciated.