Yes, absolutely, this is from the original 2020 retirement plan loan. There is only one loan and that was in 2020.
There was no default distribution until 2021 because the loan payments stopped after the furlough in 2021. I assume this could happen to a lot of employees. Take out a retirement plan loan in 2020 and then get furloughed or laid-off in 2021 and the loan repayment withholding's stop.
