Active Participant Status

外汇网2021-06-19 13:53:56 39

Active-participant status is a reference to an inpidual's participation in an employer sponsored retirement plan. The plans which qualify include:

1. Qualified plans, such as profit sharing plans, defined benefit plans, money purchase pension or target benefit plans and 401(k) plans

2. SEP IRAs

3. SIMPLE IRAs

4. 403(b) plans

5. Qualified annuity plans

6. Employee Funded Pension Trusts (created before June 25, 1959)

7. A plan established for its employees by the United States, by a State or political subpision of the United States, or by an agency or instrumentality of the United States or any of its subpisions

Typically, the employer will indicate on the inpidual's Form W-2 if the inpidual is an active participant by checking the 'Retirement Plan' box. Inpiduals should check with their employers to be sure.

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