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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
 

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Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

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