I'm not sure if this has been posted, but I have just confirmed
that using the workaround posted earlier (see below) does
indeed work with Q 2007. I successfully imported a QIF
produced by John Hancock into a 401k account.

=== quote from previous John Pollard post (thanks!!) ===

How to Import QIF Files to Non-cash Accounts, post Q2004:

The following assumes you have downloaded a qif file for a single account
from a financial institution, or have a qif file exported from a single
account in a Quicken data fileset.

Open the qif file in Notepad and add the following four lines at the very
beginning of the file:

!Account
NMyAccount
Txxxx
^

substituting the *exact* Quicken name of the account you want to import to
for "MyAccount", and substituting from the following list for "xxxx"

1.) "Bank" for checking or savings accounts
2.) "CCard" for credit card accounts
3.) "Invst" for investment accounts

"Save" the qif file.


Then in Quicken:

File > Import > QIF file

Enter (or browse to) the name of your qif file in the "Location of QIF file"
box.

Select the name of *any* "cash", "asset", or "liability" account in the
"Quicken account to import to" box. (If you have no such account types,
create one).

Click Next.

You should get a message saying "Transactions found for MyAccount. Import
transactions into MyAccount?". Click Yes.


For investment accounts, you may not get the option to review the
transactions or to match them to existing register transactions. They may
all be imported as "New" transactions. This can be important if you manually
enter transactions in those accounts before downloading the real-world
transactions.