Section 401 Of The Internal Revenue Code

See this section and 1 401 a 9 2 through 1 401 a 9 9 for the distribution rules applicable to these plans.
Section 401 of the internal revenue code. The 401 a plan is established by an employer and allows for contributions by the employer or both employer and employee. Under internal revenue code section 414 d a governmental plan is an irc section 401 a retirement plan established and maintained for the employees of. Qualified pension profit sharing and stock bonus plans on westlaw.
Internal revenue code 401. Code section 401 a code section 401 a is the key internal revenue code section that provides in conjunction with code section 501 the trusts of qualified employee benefit plans with their tax exempt status. Except as provided in section 401 m any employer contribution made pursuant to an employee s election under a qualified cash or deferred arrangement shall not be taken into account for purposes of determining whether any other plan meets the requirements of section 401 a or 410 b.
Complying with the requirements of 401 a and related sections is what makes a plan qualified. For more detailed codes research information including annotations and citations please visit westlaw. A state or political subdivision or its agency or instrumentality.
Section 401 a of the code sets out the requirements that a trust must satisfy in order to qualify for favorable tax treatment. Internal revenue code section 401 a 9 required distributions 9 required distributions a in general a trust shall not constitute a qualified trust under this subsection unless the plan provides that the entire interest of each employee i will be distributed to such employee not later than the required beginning date or. Qualified pension profit sharing and stock bonus plans.
Under section 401 a 9 all stock bonus pension and profit sharing plans qualified under section 401 a and annuity contracts described in section 403 a are subject to required minimum distribution rules. Internal revenue code section 401 a 9 qualified pension profit sharing and stock bonus plans a requirements for qualification. The united states or its agency or instrumentality.
In the united states a 401 a plan is a tax deferred retirement savings plan defined by subsection 401 a of the internal revenue code.