Est. Code Section 111.051
(1)“Contracting third party” means a financial institution, insurance company, plan custodian, plan administrator, or other person who is a party to an account agreement, insurance contract, annuity contract, retirement account, beneficiary designation, or other similar contract the terms of which control whether a nontestamentary transfer has occurred or to whom property passes as a result of a possible nontestamentary transfer. The term does not include a person who is:
(A)an owner of the property subject to a possible nontestamentary transfer; or
(B)a possible recipient of the property subject to a possible nontestamentary transfer.
(1-a)“Employees’ trust” means:
(A)a trust that forms a part of a stock-bonus, pension, or profit-sharing plan under Section 401, Internal Revenue Code of 1954 (26 U.S.C. Section 401 (1986));
(B)a pension trust under Chapter 111 (General Provisions), Property Code; and
(C)an employer-sponsored benefit plan or program, or any other retirement savings arrangement, including a pension plan created under Section 3, Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1002 (1986)), regardless of whether the plan, program, or arrangement is funded through a trust.
(2)“Financial institution” has the meaning assigned by Section 113.001 (General Definitions).
(3)“Individual retirement account” means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).
(4)“Retirement account” means a retirement-annuity contract, an individual retirement account, a simplified employee pension, or any other retirement savings arrangement.
(5)“Retirement-annuity contract” means an annuity contract under Section 403, Internal Revenue Code of 1954 (26 U.S.C. Section 403 (1986)).
(6)“Simplified employee pension” means a trust, custodial arrangement, or annuity under Section 408, Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).
Section 111.051 — Definitions,
https://statutes.capitol.texas.gov/Docs/ES/htm/ES.111.htm#111.051 (accessed Nov. 25, 2023).