A retirement plan prepared by a bank, securities firm, or other financial institution that may be adopted by an employer.
A qualified retirement plan sponsored by a financial institution. It may be adopted by executing a written agreement. A prototype is generally more flexible than the IRS Form 5305 or 5305-A and may have additional special features. Also called a master pension plan.
A standardized form of pension or other employee-benefit plan developed to simplify plan drafting for plan sponsors. Similar to a master plan.----------[ Back
A standardized life insurance plan, approved and qualified as to its concept by the Internal Revenue Service, which is made available by companies, banks and mutual funds for employers' use.
A plan made available by a sponsoring organization for adoption by employers under which a separate funding formula is established by each adopting employer. A-H R-Z qualification Requirements set out by the Internal Revenue Code and ERISA which if met, result in special tax benefits accorded to a pension or employee benefit plan.
A retirement plan that is sponsored by a financial institution such as an insurance company, a bank, a mutual fund, a stock brokerage firm and that may be adopted by an employer merely by executing a participation agreement.
A prototype plan is a standardized plan that has been approved and qualified as to its concept by the Internal Revenue Service.
A plan made available by a sponsoring organization for adoption by employers; like a master plan, it consists of a basic plan document and an adoption agreement. Unlike a master plan, a separate funding medium is available to each adopting employer, and plan administration is the responsibility of the adopting employer.