ICHRA

What do ICHRAs and 401(k)s Have in Common?

Posted April 14th, 2020 in Employers, Producers
Man holding his chin looking confused

The short answer is that they are both defined contribution plans.

The Individual Coverage Health Reimbursement Arrangement (ICHRA) is an employer-sponsored defined contribution health plan whereas a 401(k) is a defined contribution retirement plan. 

Tags:
Individual Coverage HRA, ICHRA, 401(k), defined contribution
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