Advertising

Qualified savings plan

• A defined contribution plan with certain tax advantages offered by an employer or other plan sponsor to let employees invest for retirement or other needs. Many savings plans feature employer matching of employee contributions, with plan participation voluntary. Also known as a thrift savings plan, 401(k) plan, 403(b) plan, 457 plan, cash-or-deferred arrangement, tax-deferred annuity plan, or tax-sheltered annuity plan.

 
 Embedded terms in definition
 457 plan
Annuity
Deferred annuity
Defined contribution plan
Participation
 
 Related Terms
 

<< Qualified public depositories Quality option >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Am I not destroying my enemies when I make friends of them? - Abraham Lincoln (1809-1865)

Advertising



Copyright 2009-2019 GVC. All rights reserved.