Retirement Plan

Business / Human Resources (HR) / Retirement Plan: A written qualified or nonqualified benefit plan, funded by employer and employee contributions, that provides retirement income benefits for employees.

Other Words for Plan

Plan Noun Synonyms: design, layout, blueprint, scheme, method, procedure, system, arrangement, programme, project, formula, pattern, script, scenario
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Employee Retirement Income Security Act (ERISA)

Health / Dentistry / Employee Retirement Income Security Act (ERISA): Federal legislation that applies to retirement programs and to employee welfare benefit programs established or maintained by employers and unions. MORE

Employee Stock Ownership Plan (ESOP)

Business / Finance / Employee Stock Ownership Plan (ESOP): A firm-sponsored program that enables employees to purchase shares of the firm's common stock on a preferential basis. MORE

Salary Reduction Plan

Business / Finance / Salary Reduction Plan: A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan. MORE

Self-Directed Retirement Plan

Business / Taxes / Self-Directed Retirement Plan: If you participate in a salary reduction retirement plan, such as a 401(k) or a 403(b), you usually must select the investments into which your contribution goes from a menu of choices your plan offer MORE

Simplified Employee Pension Plan (SEP)

Business / Taxes / Simplified Employee Pension Plan (SEP): An SEP is a qualified retirement plan set up as an individual retirement annuity (IRA) in an employee's name. You can establish an SEP for yourself if you own a small business, or you may participate MORE

Defined Benefit Plan

Business / Finance / Defined Benefit Plan: A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE. MORE

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