Irs Code Section 401 A
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.
Irs code section 401 a. The internal revenue service irs draws upon section 401 a of the tax code to formulate rules for the. A state or political subdivision or its agency or instrumentality. The united states or its agency or instrumentality.
Complying with the requirements of 401 a and related sections is what makes a plan qualified. 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. See this section and 1 401 a 9 2 through 1 401 a 9 9 for the distribution rules applicable to these plans.
401 a plans may be available to a select group of employees to foster their loyalty.