plan year


plan year
n.
The one-year period in which a given benefits package remains in place, after which members and plan components may be modified.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


plan year
USA
The accounting period by which the financial and other records of an employee benefit plan are kept. The plan year can be a calendar, policy or fiscal year and does not need to coincide with the plan sponsor's taxable year.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

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