412(i) Plan

Business, Legal & Accounting Glossary

Definition: 412(i) Plan

412(i) Plan

Full Definition of 412(i) Plan

A tax-free retirement savings plan intended for small business owners where funds are administered exclusively in life insurance or annuity contracts. There is no limit on contributions that must be funded by an insurance company who guarantees all benefits. The 412(i) plan is ideal for firms with less than 10 employees.

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Modern Language Association (MLA):
412(i) Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/412i-plan/.
Chicago Manual of Style (CMS):
412(i) Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/412i-plan/ (accessed: December 07, 2021).
American Psychological Association (APA):
412(i) Plan. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/412i-plan/

Definition Sources

Definitions for 412(i) Plan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.