Lynn Campbell Posted September 30, 1999 Posted September 30, 1999 Is it ever permissible to roll funds from an inactive SEP to a qualified Profit Sharing Plan?
Kathy Posted September 30, 1999 Posted September 30, 1999 NO. The only money which can be rolled into a profit sharing plan would be money from another qualified retirement plan under section 401(a) of the code, either through a conduit IRA or from plan to plan. A SEP plan isn't really a qualified plan under 401(a) - it's covered by the IRA rules of 408.
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