Lynn Campbell
Sep 29 1999, 07:09 PM
Is it ever permissible to roll funds from an inactive SEP to a qualified Profit Sharing Plan?
Kathy
Sep 30 1999, 11:44 AM
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.