3622 Veterans Drive, Suite 3
Traverse City, MI 49684
Phone: 231-922-1615
Email: obaoffice@oldbarnacct.com

Glossary / Active-Participant Status

Active-Participant Status

A person who participates in a qualified pension, stock bonus, or profit-sharing plan, a qualified annuity plan, a tax-sheltered annuity (TSA) plan, a simplified employee pension plan, or a local, state, county, or federal retirement plan has active-participant status, as does his or her spouse.