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 §
Retirement Savings Accounts
An account that holds assets that are earmarked for retirement. A retirement savings account can be qualified/tax-deferred or nonqualified.
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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)
Individual retirement arrangement (IRA)
Definition Individual retirement arrangement is an umbrella term that covers individual retirement account and individual retirement annuity. These are retirement savings vehicles established by individual
Inherited IRA
Definition Also referred to as ‘Beneficiary IRA’. An IRA that is established for the non-spouse beneficiary of the IRA owner, or qualified plan , 403(b)
Individual retirement annuity (IRAnnuity)
Definition Individual retirement annuity (IRAnnuity )is the annuity-contract version of an individual retirement arrangement, and is issued by an insurance company. There are several versions
Individual retirement account (IRAccount)
Definition Individual retirement account (IRAccount )is the account version of an individual retirement arrangement, and is issued by a bank, credit union, brokerage firm, savings
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
