Highly Compensated Employee (HCE)
Definition A highly compensated employee (HCE) is any employee who — Was a 5-percent owner at any time during the year or the preceding year,
Qualified plan
A retirement savings plan provided by an employer, that satisfies benefits and account requirements. Examples include 401(k)s and pension plans.
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What is a 401(a) Plan? Find out here!
What is a 401(a) Plan? A 401(a) plan is a qualified retirement plan. The term “401(a) plan” is often used because that is the section
IRS Defines ‘Unforeseeable Emergency’ For Purposes Of Code Secs. 457(b) and 409A
November 8, 2010 Rev. Rul. 2010-27: Defining ‘Unforeseeable Emergency’ For Purposes Of Code Secs. 457(b) and 409A Table of Contents ISSUE FACTS LAW AND ANALYSIS
Employer Stock or Employer Securities
Definition Employer stocks or employer securities, refers to shares of stock, bonds or debentures issued by a corporation with interest coupons or in registered form.
CODA (Cash or deferred arrangement)
Definition An arrangement under which employees can make a cash or deferred election to have money withheld from their wages and credited to their account under
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
