Plan Participant

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Dictionary Says

Definition of 'Plan Participant'

A plan participant either contributes into a pension plan or is in a position to receive benefit payments from the plan. It includes a retired person receiving distributions from a pension plan, or a beneficiary or dependent named by a contributing member.
Investopedia Says

Investopedia explains 'Plan Participant'

A plan participant has the right to receive benefit payments from a pension plan, whether it is a defined benefit or a defined contribution pension plan, as long as the requirements under the plan's contract has been fulfilled. Under most defined benefit pension plans, the member is required to complete a minimum number of years or service in order to qualify for their maximum pension allowable.

The tax law definition of an "active participant" to a company plan could include employees not participating in the employer's plan.
Search results for

'Plan Participant'

  • The Defined-Contribution Plan: A Flawed Concept

    http://www.investopedia.com/articles/retirement/12/defined-contribution-flaws.asp
    ... 1 is higher than the net pay of employee No. 2. Plain and simple, the DB plan
    participant gets more money on payday and a guaranteed check at retirement. ...

  • Combining Your Plan Assets? Not So Fast!

    http://www.investopedia.com/articles/retirement/03/051403.asp
    ... made during the first five tax years that the individual was in the plan, unless
    the distribution occurs as a result of the death of the plan participant. ...

  • Tips For Moving Retirement Plan Assets

    http://www.investopedia.com/articles/retirement/03/040303.asp
    ... if you are the spouse beneficiary of a deceased qualified-plan participant, you
    are now able to roll the inherited assets into your own retirement plan. ...

  • Wealth-Building IRA Rollovers

    http://www.investopedia.com/articles/retirement/09/ira-qualified-plan-rollover.asp
    ... This type of rollover is usually used when a plan participant is changing employers
    and moving from one IRA or qualified retirement plan to another. ...

  • Stretch Your Savings By Working Into Your 70s

    http://www.investopedia.com/articles/basics/06/workintoyour70s.asp
    ... For a plan participant whose beneficiary is a spouse more than 10 years younger,
    there is a different table used to reflect the joint life expectancy of the ...

  • Must-Know Rules For Converting A 401(k) To A Roth

    http://www.investopedia.com/articles/retirement/08/convert-401k-roth.asp
    ... iv) If the plan participant has after-tax funds in his qualified plan account, the
    conversion of plan assets to a Roth IRA will NOT be subject to the pro-rata ...

  • Is a person an active participant in an employer-sponsored ...

    http://www.investopedia.com/ask/answers/188.asp
    ... Feedback Feedback. Is a person an active participant in an employer-sponsored
    retirement plan if he or she was only active for a short time? Yes. ...

  • Business Owners: A Guide To Qualified Retirement Plan Loans

    http://www.investopedia.com/articles/retirement/03/071603.asp
    ... than $1,000. A plan participant may borrow up to 50% of his or her vested
    plan balance or $50,000, whichever is less. An exception ...

  • 3 Deadlines For Retirement Plan Beneficiaries

    http://www.investopedia.com/articles/retirement/03/120303.asp
    ... Pre-Death Account Allocation: An Option for Separate Accounting Before a retirement
    plan participant dies, he or she may help beneficiaries avoid being ...

  • If I pass away, will my retirement plan go to my spouse tax free?

    http://www.investopedia.com/ask/answers/141.asp
    ... The general rule stipulates that upon the death of a retirement plan participant
    or IRA owner, the retirement plan (or IRA) assets pass to the designated ...

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