Employer Sponsored IRA
Definition Amounts contributed to an employee’s Traditional IRA or Roth IRA by an employer or; by an association of employees to the IRA of its
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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Employer reversion
Definition In general, employer reversion means the amount of cash and the fair market value of other property (directly or indirectly) by an employer from
Employee Stock Purchase Plan
Definition An employer sponsored plan, where employees are allowed to purchase stocks of their employer with after-tax dollars. Referring Cite IRC § 423, IRS Publication
Employee
Definition A general rule is that anyone who performs services for you is your employee if you can control what will be done and how
Eligible employees
Definition Employees who have met the plan’s eligibility requirements for participating in the plan. The eligibility requirements vary among plan types. The following chart provides
Eligibility
Definition The parameters that determines whether a participant meets the requirements for certain retirement plans and/or plan benefits. Eligibility is defined in the plan document
Election
Definition An action by a participant and beneficiaries to have certain treatments apply to their retirement assets. Examples of elections that can be made by
Defined contribution plan
Definition What is a defined contribution plan? An employer sponsored qualified-plan , where employees receive a promised contribution to their account . The contribution can
Defined benefit plan (Defined benefit pension plan )
Definition An employer sponsored qualified-plan, where employee benefits are intended to be predetermined and guaranteed. Typically, a participant is promised a monthly benefit upon retirement.
Deferral election (Salary)
Definition A written election made by plan participants to make salary deferral contributions to an employer-sponsored plan that includes salary deferral-feature. Such plans include SARSEPs,
