mjf06241972 Posted January 8, 2020 Share Posted January 8, 2020 If a plan has a Simple and then converts to a 401k plan, can they still use the tax credit under the SECURE Act for the new 401k Plan? Link to comment Share on other sites More sharing options...
Larry Starr Posted January 8, 2020 Share Posted January 8, 2020 6 hours ago, mjf06241972 said: If a plan has a Simple and then converts to a 401k plan, can they still use the tax credit under the SECURE Act for the new 401k Plan? Sorry: no. The plans that count as previously existing are found in Section 4972(d)(1)(A). Specifically, sub paragraph (iv) which lists Simples. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com Link to comment Share on other sites More sharing options...
mjf06241972 Posted January 13, 2020 Author Share Posted January 13, 2020 Thanks Larry. Link to comment Share on other sites More sharing options...
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