Carol L
Oct 7 2002, 06:41 PM
Am I reading 1.414.(s)-1(d)(3)(vi) and 1.414(s)-1(f)(1) correctly - you cannot use a compensation definition that includes prior-employer compensation in a defined contribution plan, only a defined benefit plan? And if so, what's the logic?
Blinky the 3-eyed Fish
Oct 8 2002, 03:16 PM
The logic is they are 2 completely different types of qualified plans. It would be like saying, "My car requires gas to allow it to run, but my toaster does not.".