eligible individual account plan
Defined in 1 place of the United States Code.
(A) The term "eligible individual account plan" means an individual account plan which is (i) a profit-sharing, stock bonus, thrift, or savings plan; (ii) an employee stock ownership plan; or (iii) a money purchase plan which was in existence on September 2, 1974, and which on such date invested primarily in qualifying employer securities. Such term excludes an individual retirement account or annuity described in section 408 of title 26.
Source
- 1994–202029 U.S.C. § 1107Labor · Limitation with respect to acquisition and holding of employer securities and employer real property by certain plans · for purposes of this section
The term “eligible individual account plan” means an individual account plan which is (i) a profit-sharing, stock bonus, thrift, or savings plan; (ii) an employee stock ownership plan; or (iii) a money purchase plan which was in existence on September 2, 1974, and which on such date invested primarily in qualifying employer securities. Such term excludes an individual retirement account or annuity described in section 408 of title 26.
Source
- 2013–present29 U.S.C. § 1107Labor · Limitation with respect to acquisition and holding of employer securities and employer real property by certain plans · for purposes of this section