Tax Credit for new plan for SECURE Act

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?

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.

Thanks Larry.