Definitions for 403(b) Plans Clause Samples

The 'Definitions for 403(b) Plans' clause establishes the specific meanings of key terms used throughout a 403(b) retirement plan document. It typically clarifies terms such as 'eligible employee,' 'employer contributions,' and 'annuity contract,' ensuring that all parties interpret these concepts consistently. By providing clear definitions, this clause eliminates ambiguity and helps prevent misunderstandings or disputes regarding plan administration and participant eligibility.