Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Reporting Defaulted Loans|
Apr. 30, 2004
Excerpt: Reporting defaulted participant loans is one of the more challenging aspects of plan administration. In order to report a defaulted loan properly, a practitioner must understand the difference between a defaulted loan treated as a deemed distribution and a defaulted loan that the plan offsets.
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