Guest tdouglas@integrabc.com Posted September 11, 2013 Posted September 11, 2013 Custodian used DB plan assets to pay 401k plan benefits in 2012. Error was discovered in 2013 and 401k plan reimbursed DB plan with earnings. Would you consider this a prohibited transaction?
BG5150 Posted September 11, 2013 Posted September 11, 2013 I see no problem other than the wrong tax id on the 1099-R. Two plans had an error, and the errors were corrected. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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