September 09, 2010

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Reference Center Qualified Plans -  CODA Back Cash or Deferred Arrangement (CODA) A qualified plan, usually part of a profit sharing or stock bonus plan that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401k plan. A participant in a CODA may still contribute to an IRA, although the contribution might not be deductible. Features will vary by company and product. Please refer to Glossary for definitions

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