TN 37 (11-24)
Payments made by an employer to or on behalf of an employee or their beneficiary, both into and from the annuity or bond purchase plan are not wages if they were made:
To plans which at the time of payment met the criterion of secs. 165(a)(3),(4),(5), and (6) of the IRC of 1939, or secs. 401(a)(3),(4),(5), and (6) of the IRC.
To qualified annuity plans described in sec. 403(a) of the IRC; or
To qualified bond purchase plans described in sec. 405(a) of the IRC. (Repealed by P.L. 98-369, July 18, 1984).
If development is necessary, follow the development guidelines in Tax-Exempt Trust RS 01402.140B.