Return of excess correction

Hi, 

8 participants had 415(C) excess since they already rolled the funds into the acquiring company plan the correction could not take place at the terminated plan.  The new RK has sent a check payable to the terminated plan.  Aren't 415 violation able to to be processed/returned from any plan or should we have the check deposited into the terminated plan and then cut a check to the participants ( excess amount)? 

Since it's a rare circumstance, you won't find it in the list of approved self-correction methods. It sounds reasonable to me, but if the sponsor wants to be certain that they aren't jeopardizing their plan's qualified status, they could submit under VCP.

Thank you