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Home Dictionary Q Qualified Automatic Contribution Arrangements (QACAs) Qualified Automatic Contribution Arrangements (QACA) are a form of automatic contribution pension plan offered by employers. As an opt-out plan, employees will be automatically enrolled with the appropriate fee unless they choose to leave the plan. QACA have “safe harbor” provisions that exempt them from the requirement to test the actual deferred percentage (ADP). QACA must specify a schedule of default minimum percentages, starting at 3%, which increase gradually with each year of employee participation. 408(k) Plan
September 25, 2022 A 408(k) is an employer-sponsored pension plan similar to a 401(k). 412(i) Plan
September 25, 2022 The 412(i) plan was a defined benefit plan designed for small business owners in the United States. KSOP
September 25, 2022 KSOP is a qualified retirement plan that combines an Employee Stock Ownership Plan (ESOP) with a 401(k). Tax Planning
September 25, 2022 Tax planning is an analysis of the financial situation or a plan that ensures that all elements work together and allows you to pay taxes as low as possible. 2000 Investor Limit
September 25, 2022 The 2,000 investor limit or rule is a key threshold for private businesses that are unwilling to disclose financial information for public consumption. 401(a) Plan
September 25, 2022 The 401(a) plan is employer-sponsored and both employer and employee can contribute. 401(k) Plan
September 25, 2022 A 401(k) plan is a company-sponsored retirement account that employees can contribute income to and employers can contribute to. 403(b) Plan
September 25, 2022 403(b)s are retirement savings plans that serve employees of public schools and tax-exempt organizations. 457 Plan
September 25, 2022 Plan 457 is an IRS-sanctioned retirement plan for employees with tax benefits. AARP
September 25, 2022 AARP is a non-profit, non-partisan organization that empowers retirees to choose how they live in old age. Accumulation Phase
September 25, 2022 The accumulation phase refers to the period of a person’s life during which he saves money for retirement. After-Tax Contribution
September 25, 2022 After-tax contributions can be made to the Roth account. Altcoin
September 25, 2022 The term “altcoin” refers to all cryptocurrencies except bitcoin (and for some people, ethereum). Annuitant
September 25, 2022 An annuitant is an investor or beneficiary of a pension plan who is entitled to regular pension payments or annuity investments. Annuitization
September 25, 2022 Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuity
September 25, 2022 Annuities are financial products that offer a guaranteed income stream, typically for retirees. Annuity Due
September 25, 2022 An annuity payment is an annuity that must be paid immediately at the beginning of each period. Annuity Table
September 25, 2022 An annuity table is a tool used to determine the current value of an annuity. Baby Boomer
September 25, 2022 “Baby Boomer” refers to the demographically large generation born between the end of World War II and the mid-1960s. Chartered Retirement Planning Counselor (CRPC)
September 25, 2022 A Certified Retirement Planning Consultant is a person who has the status of a professional financial planner awarded by the College of Financial Planning. Cost-of-Living Adjustment (COLA)
September 25, 2022 Cost of Living Adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Deferred Annuity
September 25, 2022 A deferred annuity is an insurance contract that promises to pay the buyer a regular income or a lump sum of money some day in the future. In contrast, immediate annuities start paying immediately. Deferred Compensation
September 25, 2022 Deferred compensation plans are an incentive that employers use to keep key employees. Deferred Profit Sharing Plan (DPSP)
September 25, 2022 The Deferred Profit Sharing Plan (DPSP) is an employer-sponsored Canadian profit sharing plan used for employee retirement savings. Defined-Benefit Plan
September 25, 2022 A defined benefit plan is an employer-based program that pays benefits based on factors such as years of service and salary history.