Section 401 (h) Pension Plan Trust


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

Cathy  Hager real estate agent
Cathy Hager, Real Estate Agent Lantern Realty & Development LLC

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.

 

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