### Question
Can you define what individual account plan means?


### Answer
**Individual account plan** is defined as the following in *29 U.S.C. § 1021*:

> provided such term in section 1002(34) of this title, except that such term shall not include a one-participant retirement plan.

#### Citation:
  - *29 U.S.C. § 1021*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 1-reporting and disclosure**

