DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define:

A           Actual Contribution Percentage Test (ACP) – a test that measures whether employer matching contributions and employee after-tax contributions discriminate in favor of highly compensated employees           Actual Deferral Percentage Test (ADP) – a test that measures whether elective contributions (salary deferrals) in a 401(k) plan discriminate in favor of highly compensated employees           Alternate Payee - a spouse, former spouse, child, or other dependent of the participant           Annuity – a series of monthly or annual payments, generally for the life of the participant. Annuity payments may be level or may be subject to an annual cost-of-living adjustment         Enter your search terms Web markettipsonline.com Submit search form

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