Family Office Definition: 412(i) plan
412(i) plan definition: A 412(i) plan is a tax-deferred retirement savings vehicle for small (family) business owners. This plan differs from other plans in that it is a defined benefit pension plan funded by an insurance company. The company makes tax-deductible insurance premium payments. The insurance company uses annuities, life insurance, or some combination to provide guaranteed retirement benefits.
Download our free Family Office Report to learn more about the family office industry.
Read more Family Office Definitions
Tags: What is 412(i) plan?, 412(i) plan definition, 412(i) plan family office, 412(i) plan term, define 412(i) plan, 412(i) plan wealth management, 412(i) plan multi-family office, 412(i) plan single family office