Loren D. Stark Company
Plumbers Local Union No. 1 Benefit Funds
RTD Financial Advisors
Trucker Huss, A Professional Corporation
Bates & Company
Nicholas Pension Consultants
Carpenter Morse Group
Hochheiser Deutsch & Co, Inc.
Retirement Plan Consultants
ERISA Services, Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Outstanding Balance of Participant's 401(k) Loan Was Not Deducted from a Death Benefit Paid to Me|
BenefitsLink Message Boards
Oct. 20, 2021
"My husband passed away earlier this year (March 2021). We owed $13,587.66 in 401(k) loans prior to his death. His 401(k) servicing company did NOT deduct the loan amount from the distribution into my Spousal Beneficiary IRA. In fact, *I* was the one who discovered the error, but did not notify the company. If they send us a 1099R, will I have to pay income tax AND an early withdrawal penalty on it?"
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|