Category: Other
Created by: zzcgood
Number of Blossarys: 7
A qualified plan, usually part of a profit sharing or stock bonus plan, that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401(k) plan. A participant ...
A type of Individual Retirement Account (IRA) in which contributions are placed either in an interest-bearing bank account or an account with a brokerage. This type of IRA gives holders considerable ...