Trekker Posted August 26, 2009 Posted August 26, 2009 IRC 401(k)(2)(B) was amended to add (v) qualified reservist as a distributable event for elective deferrals. Sections of the Code dealing with QNECs, QMACs and Safe Harbor Contributions require that these contributions meet the requirements (distribution restrictions) of Paragraph (2)(B), with no exception listed. Portions of the HEART Act seem to specify that only elective deferrals may be distributed as a Qualified Reservist Distribution. Does anyone know if QNECs, QMACs and Safe Harbor Contributions may also be distributed as part of a Qualified Reservist Distribution? Thanks.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now