Cash or Deferred Arrangement


Definition
CODA. A qualified plan, usually part of a profit sharing or stock bonus plan, that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401(k) plan. A participant in a CODA may still contribute to an IRA, although the contribution might not be deductible.


Related Terms

457 plan -  More

nonelective contribution -

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Cash or Deferred Arrangement is ...

... part of the Retirement and Taxes subjects.

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