### Question
Can you define what defined contribution plan” or “defined benefit plan means?


### Answer
**Defined contribution plan” or “defined benefit plan** is defined as the following in *26 U.S.C. § 415*:

> a defined contribution plan (within the meaning of section 414(i)) or a defined benefit plan (within the meaning of section 414(j)), whichever applies, which is—


(A) a plan described in section 401(a) which includes a trust which is exempt from tax under section 501(a),


(B) an annuity plan described in section 403(a),


(C) an annuity contract described in section 403(b),


(D) an individual retirement account described in section 408(a),


(E) an individual retirement annuity described in section 408(b), or


(F) a simplified employee pension

#### Citation:
  - *26 U.S.C. § 415*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart B-Special Rules**

