Plan Document
Definition The document that provides the rules that govern the terms and conditions under which a retirement account is operated. Employer sponsored plans generally have
Qualified Tax Deferred Retirement Plan
A retirement savings account in which earnings grow tax-deferred. Special rules apply to contributions, distributions, and moving assets to, from, and between accounts.
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Custodian
Definition The definition of custodian depends on the responsibility of the financial institution. To make the necessary distinction between the different roles they play for
Qualified annuity plan
Definition A qualified retirement plan that is invested in annuities. Often referred to as a ‘an annuity plan’ described in IRC § 403(a), Referring Cite
403(a) Annuity Plan
Definition A qualified retirement plan that is invested in annuities. Often referred to as a qualified annuity plan. Referring Cite IRC § 403(a) Additional Helpful Information
Stock Bonus Plan
Definition An employer-sponsored qualified-retirement-plan established by an employer for the benefit of his employees and their beneficiaries. Stock bonus plans are defined contribution plans, funded with
In-service Withdrawal
Definition A withdrawal (distribution) which is made from a qualified plan or 403(b) account while the account owner is still working for the plan sponsor (the
