### Question
How is the "eligible individual account plan" defined?


### Answer
The term **eligible individual account plan** is defined in *29 U.S.C. § 1107* as follows -

> an individual account plan which is (i) a profit-sharing, stock bonus, thrift, or savings plan

#### Citation:
  - *29 U.S.C. § 1107*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 4-fiduciary responsibility**

