Super Finance Glossary
Over 10,000 financial glossary terms...
Party In Interest
Party In Interest
Definition: An ERISA-specified individualsuch as an administrator, officer, fiduciary, trustee, custodian, or counselwho is prohibited from making certain transactions involving a retirement plan. A trustee, for example, would be prohibited from using an IRA as collateral for a loan.
Definition: An ERISA-specified individualsuch as an administrator, officer, fiduciary, trustee, custodian, or counselwho is prohibited from making certain transactions involving a retirement plan. A trustee, for example, would be prohibited from using an IRA as collateral for a loan.