Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Reporting a Defaulted Participant Loan|
Feb. 6, 2004
Excerpt: The difference between the timing of a deemed distribution and a loan offset causes considerable confusion in reporting defaulted participant loans. The method in which a practitioner reports a defaulted loan also is affected by whether the loan is a participant-directed loan or a general trust fund loan.
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