Deferred Compensation Plan
Definition Also referred to as a 457 plan, is a retirement plan established by a state or local government, a nongovernmental unit of tax-exempt organization,
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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Cafeteria Plan
Definition A written plan-offered by an employer- that allows employees to choose between receiving cash or taxable benefits instead of certain qualified benefits for which
412(i) Plan
Definition A defined benefit plan that is funded with individual insurance (life and/or annuity) contracts. Also referred to as an Insurance Contract Plan or Fully
403(b) Plan
Definition Also referred to as a tax sheltered annuity (TSA), is a retirement plan established by a nonprofit- tax-exempt organization as described under IRC §
401(k) Plan
Definition A qualified retirement plan established by an employer (business) for its employees. Under a 401(k) plan, eligible employees may defer a portion of their
Affiliated Service Group (ASG)
Definition An affiliated service group is one type of group of related employers and refers to two or more organizations that have a service relationship
Adjusted Net Business Income (ANBI)
Definition The income for an unincorporated business owner, reflected on Schedule C , Schedule F or Schedule K-1, on which contributions (for the business owner)
Multiple-employer plan
Definition A qualified plan that benefits employees of more than one employer , providing those employees are not included in a unit of employees covered
Multi-Employer plan
Definition A qualified plan: A. to which more than one employer is required to contribute B. which is maintained pursuant to one or more collective
Money purchase pension plan
Definition An employer-sponsored qualified-retirement-plan, established by an employer for the benefit of it’s employees and their beneficiaries. Money purchase pension plans are defined contribution plans
