Part III. Administrative, Procedural, and Miscellaneous

.03 Section 404 limits deductible contributions to qualified plans. Under § 404, contributions paid by an employer under a qualified plan are deductible only under § 404(a), subject to the limits of § 404(a), and only if they would otherwise be deductible under Chapter 1 of Subtitle A of the Code. Section 404(a)(1)(A) sets forth the general limit on deductions for contributions to a qualified pension plan. Under § 404(a)(1)(A), the deductible limit for a qualified money purchase pension plan is, generally, the normal cost of the plan, or, if greater, the minimum required contribution under § 412.