Ok, thank you for your assistance.
I guess it had a lot to do with confusion on my end. I thought they were "distributing" my entire 401k balance. I understand I can see a balance still there, but BECAUSE of that, I didn't understand why it was phrased that way. Having said that, it appears to have nothing to do with that, and you clarified it for me, thank you.
I didn't have the money to pay off the loan so it does make sense they've handled it the way that they did. I guess my incorrect assumption was that if I didn't ask for my 401k to get rolled over to another company there was no immediate rush to get the loan paid off. But apparently, the 401k balance and loans are two separate things, in that regard, at least.
I understand now. Thanks again.
