Guest KarenLS Posted January 5, 2000 Posted January 5, 2000 Can a qualified retirement plan accept 414(h)(2) Pick-Up contributions and interest as in incoming rollover contribution?
Alonzo Posted January 6, 2000 Posted January 6, 2000 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.
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