Definition Of Section 401 (h) Pension Plan Trust In Insurance

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

Kathy Thompson, Real Estate Agent Berkshire Hathaway Home Services Select Realty

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.