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Distributions paid from wrong plan


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Guest tdouglas@integrabc.com
Posted

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?

Posted

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, ERPA

Two wrongs don't make a right, but three rights make a left.

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