KarenLS
Jan 5 2000, 04:28 PM
Can a qualified retirement plan accept 414(h)(2) Pick-Up contributions and interest as in incoming rollover contribution?
Alonzo
Jan 5 2000, 07:37 PM
414(h)(2) contributions, like 401(k) contributions, are considered "employer" money for Internal Revenue Code purposes. So it is perfectly OK for a qualified plan to accept amount attributable to pick-up contributions as a rollover.