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单词 nondiscrimination rule
释义

nondiscrimination rule

Definition
A provision in a retirement plan that requires a company to provide the same benefits to all its employees, regardless of their position. This provision must be in effect for a plan to be considered "qualified" under the Employee Retirement Income Security Act (ERISA). If a plan is not qualified, a company's contributions to it are not tax-deductible.
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更新时间:2025/4/17 5:32:56