pre-ERISA money purchase plan
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “pre-ERISA money purchase plan” means a pension plan—
(A) which is a defined contribution plan (as defined in section 414(i)),
(B) which was in existence on June 27, 1974, and which, on such date, included a salary reduction arrangement, and
(C) under which neither the employee contributions nor the employer contributions may exceed the levels provided for by the contribution formula in effect under the plan on such date.
Source
- 1994–present26 U.S.C. § 401Internal Revenue Code · Qualified pension, profit-sharing, and stock bonus plans · for purposes of this title