Save time with our cheat sheets, fact sheets, checklists & books!

February 16, 2009

Plan year

Print

Definition

A 12-month period of which the operation of the plan is based. The plan year can be a calendar-year or a fiscal-year.

Referring Cite

Governing plan document

Additional Helpful Information

  • SIMPLEs cannot be maintained on a fiscal year
More

Keep Learning

10-Year Rule

The 10-year rule is a distribution rule that applies to certain beneficiaries who inherit an IRA or employer-sponsored retirement plan account. Under the rule, the

Still-Working Exception

The still-working exception is a rule that may allow a participant in an employer-sponsored retirement plan to delay required minimum distributions (RMDs) beyond the participant’s

Correction Window for RMD Shortfall

RMD Correction window The correction window is the period during which a missed required minimum distribution (RMD) can be corrected in a way that may

Qualified Charitable Distribution (QCD)

Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches

Be among the first to know when

IRA Rules
Change