### Question
What is the definition of pre-ERISA money purchase plan?


### Answer
The definition of **pre-ERISA money purchase plan** is as follows in *26 U.S.C. § 401*:

> a pension plan—


(A) which is a defined contribution plan (as defined in section 414(i)),


(B) which was in existence on June 27, 1974, and which, on such date, included a salary reduction arrangement, and


(C) under which neither the employee contributions nor the employer contributions may exceed the levels provided for by the contribution formula in effect under the plan on such date

#### Citation:
  - *26 U.S.C. § 401*
  - 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 A-General Rule**

