Vlad401k Posted October 12, 2021 Posted October 12, 2021 Hi, We have a terminated participant who would like to transfer the loan from our 401k plan to another 401k plan. How would this process be done in terms of reporting. Would we use code "G" for the transfer of loan? Thanks,
Luke Bailey Posted October 14, 2021 Posted October 14, 2021 Vlad401k, yes, it would be a direct trustee-to-trustee transfer (if handled correctly), so Code G. Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034
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