Money Type definition
Money Type means contributory and/or rollover amounts held within a participant’s account that are required to be separately maintained under certain IRC sections. Separate accounting will be maintained for Pre-Tax Contributions and Post-Tax Contributions and their respective investment gains and losses
Money Type means contributory and/or rollover amounts held within a participant's account that are required to be separately maintained under certain Code sections. Separate accounting will be maintained for Pre-Tax Contributions and Roth Contributions and their respective investment gains and losses.
Money Type as used herein, refers to a portion of a Participant Group Policyholder contribution to the Plan which is accounted for separately. A separate Money Type shall be established for each type of contribution that differs from another due to the source of the money, withdrawal restriction, tax status, or other pertinent distinction outlined in the Group Policyholder's Plan.