individual account plan

(34)The term “individual account plan” or “defined contribution plan” means a pension plan which provides for an individual account for each participant and for benefits based solely upon the amount contributed to the participant’s account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which may be allocated to such participant’s account.

Source

29 USC § 1002(34)


Scoping language

For purposes of this subchapter
Is this correct? or