What is the Definition of Section 415?

What is the Definition of Section 415?

A section of the Internal Revenue Code that provides for dollar limitations on benefits and contributions under qualified retirement plans. Section 415 also requires that the Internal Revenue Service annually adjust these limits for cost-of-living increases.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Section 415?

You can find random definition and meaning of insurance terms below:

What is the meaning of Securitization of Insurance Risk

a method for insurance companies to access capital and hedge risks by converting policies into securities that can be sold in financial markets.

What is the meaning of Security

a share, participation, or other interest in property or in an enterprise of the issuer or an obligation of the issuer.

What is the meaning of Self-Insurance

type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted for internally.

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