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February 16, 2009

Participant

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Definition

An eligible individual who participates in an employer sponsored retirement plan  upon or after meeting the plan’s eligibility requirements. The term is also used to refer to  individuals who maintain Traditional and Roth  IRAs.

The plan document defines a participant

Referring Cite

Governing plan document

Additional Helpful Information

A participant’s active status in an employer sponsored plan may affect his/her ability to deduct a Traditional IRA contribution

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