Employer plans
Elective Deferral Contribution
Definition Elective deferral contributions, also known as salary deferral contributions made to SIMPLE IRAs, 401(k) plans, SARSEPs, 403(b) plans . A participant may defer up
Employer plans
Retirement savings plans provided by employers. These include pensions, 403(b)s, 457(b)s, SEP IRAs and SIMPLE IRAs.
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What is a 401(a) Plan? Find out here!
What is a 401(a) Plan? A 401(a) plan is a qualified retirement plan. The term “401(a) plan” is often used because that is the section
Employer Stock or Employer Securities
Definition Employer stocks or employer securities, refers to shares of stock, bonds or debentures issued by a corporation with interest coupons or in registered form.
Business Owner Ordered to Pay $38,500: Funds Stolen by Financial Advisor
The Employee Benefits Security Administration (EBSA) division of the Department of Labor (DOL), recently issued Release Number: 09-260-BOS/BOS 2009-093, in which they explained that the owner
Employee Stock Ownership Plan (ESOP)
Definition A defined contribution plan for which the primary investments are employer stocks (stocks of the employer that sponsors the plan). In order to be
Integrated plan
Definition An employer sponsored retirement plan for which contributions are allocated based on social security integration Referring Cite IRC § 401(l) , Treas Reg §
Governmental Plan
Definition Under ERISA : ERISA’s definition of a governmental plan is as follows: A plan established or maintained for its employees by the Government of
Governmental 457 plan
Definition An eligible 457 plan established and maintained by a State, political subdivision of a State, any agency or instrumentality of a State or political
Employer
Definition An employer is usually the plan sponsor, i.e. the party that adopts the retirement plan. This includes sole-proprietorships, partnerships, corporations and non-profit organizations. An
