27 Miss. Code. R. 240-II-2.8 - Code Section 401(a) Defined Contribution (Money Purchase) Retirement Plan
A "Code Section 401(a) Defined Contribution (Money Purchase) Retirement Plan" means a plan that provides for a separate account for each Participant and benefits based solely on the amounts of vested Plan contributions to the Participant's Accumulation Account(s) and earnings thereon and that meets the requirements of Code Section 401(a). All benefits under the Plan are fully funded and are provided solely through the Funding Vehicles selected by the Participant; therefore, benefits are not subject to, nor covered by, federal plan termination insurance.
Notes
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