Section 401 (h) Pension Plan Trust

Definition of "Section 401 (h) pension plan trust"

Antonio Chagas real estate agent

Written by

Antonio Chagaselite badge icon

The Keyes Company

Trust established under the auspices of the Internal Revenue Code that permits the maintenance of a separate account within the employer's defined benefit pension plan from which to pay the employee's life insurance and medical expense costs. Contributions to this account are tax deductible, and the investment's earnings accumulate on a tax deferred basis.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Coverage for property which moves from location to location either on a scheduled or unscheduled basis. If the floater covers scheduled property, coverage is listed for each item. If a ...

Failure to exercise proper care. Many property insurance policies exclude losses that result from negligence. Neglect is also the basis for many liability suits. If an injury can be ...

Rating system under which a specific premium rate, rather than a manual or class rate, is assigned to each unit of exposure. ...

Employee stock ownership plan (ESOP); trust (ESOP) under which an employer received tax credit instead of a tax deduction for contributions. Until passage of the tax reform act of 1986, the ...

Soliciting of customers for the purchasing of an insurance product. ...

Death from other than accidental means. ...

Federal legislation that established the old age survivors, disability, and health insurance (OASDHI). ...

Circumstance that increases the likelihood or probable severity of a loss. For example, the storing of explosives in a home basement is a hazard that increases the probability of an ...

Insurance sold by a stock insurance company that is usually in the form of nonparticipating insurance. ...

Popular Insurance Questions