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Random Term
Anti-alienation provision

A provision specifying that the beneficial or equitable owner of property held in a trust-type arrangement cannot transfer the interest to a third party. ERISA requires that pension plans contain anti-alienation and anti-assignment provisions, which (for example) protect a participant’s retirement savings from personal creditors. However, ERISA’s anti-alienation protection does not apply to top-hat plans, as explained in a related FAQ.