This is a Glossary of Qualified Plan Terms
You new to the 401(k) world? You need to brush up on your qualified plan terms? You simply interested in learning a bit about all the terms involved with 401(k)s and other qualified plans? If so, this article is for you. Otherwise, move on. It could put you to sleep :).
This article will outline all the main terms one needs to know about the operations of a qualified plan.
401(k) Plan — In this type of defined contribution plan, the employee can contribute from their paycheck before…