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.

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Related terms:

457 plan, nonelective contribution

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