pooled employer plan
Defined in 1 place of the United States Code.
In general.—The term "pooled employer plan" means a plan—
(i) which is an individual account plan established or maintained for the purpose of providing benefits to the employees of 2 or more employers;
(ii) which is a plan described in section 401(a) of title 26 which includes a trust exempt from tax under section 501(a) of title 26, a plan that consists of annuity contracts described in section 403(b) of title 26, or a plan that consists of individual retirement accounts described in section 408 of title 26 (including by reason of subsection (c) thereof); and
(iii) the terms of which meet the requirements of subparagraph (B).
Such term shall not include a plan maintained by employers which have a common interest other than having adopted the plan, but such term shall include any plan (other than a plan excepted from the application of this title by section 1003(b)(2) of this title) maintained for the benefit of the employees of more than 1 employer that consists of annuity contracts described in section 403(b) of title 26 and that meets the requirements of subparagraph (B) of section 413(e)(1) of title 26.
Source
- 2022–202529 U.S.C. § 1002Labor · Definitions · for purposes of this subchapter
In general.—The term "pooled employer plan" means a plan—
(i) which is an individual account plan established or maintained for the purpose of providing benefits to the employees of 2 or more employers;
(ii) which is a plan described in section 401(a) of title 26 which includes a trust exempt from tax under section 501(a) of title 26 or a plan that consists of individual retirement accounts described in section 408 of title 26 (including by reason of subsection (c) thereof); and
(iii) the terms of which meet the requirements of subparagraph (B).
Such term shall not include a plan maintained by employers which have a common interest other than having adopted the plan.
Source
- 2020–202229 U.S.C. § 1002Labor · Definitions · for purposes of this subchapter
The term “pooled employer plan” means a plan—
(i) which is an individual account plan established or maintained for the purpose of providing benefits to the employees of 2 or more employers;
(ii) which is a plan described in section 401(a) of title 26 which includes a trust exempt from tax under section 501(a) of title 26, a plan that consists of annuity contracts described in section 403(b) of title 26, or a plan that consists of individual retirement accounts described in section 408 of title 26 (including by reason of subsection (c) thereof); and
(iii) the terms of which meet the requirements of subparagraph (B).
Source
- 2023–present29 U.S.C. § 1002Labor · Definitions · for purposes of this subchapter