Glossary
401(k) Plan: A type of profit-sharing plan where employees make contributions to provide for a retirement benefit. The employer might make matching contributions to encourage participation.
403(b) Plan: A defined contribution plan for non-profit institutions.
457 Plan: A defined contribution plan for state and municipal employees.
A
Accrued Benefit: The amount of plan benefits that participants have earned to date in their plan.
Active Management: An investment strategy that relies on a manager to make individual stock selection or market timing decisions in the hope of outperforming an index or other investment benchmark.
Annuity: Any series of payments. However, in common usage, the term refers to an insurance company investment ...
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