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S & P – Standard & Poor's - the stock exchange index in United States of America containing the stocks of 500 Large-Cap Corporations |
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Safe Harbor 401(k) Plan – a plan exempt from non-discrimination testing of elective and/or matching contributions in exchange for providing certain minimum levels of matching or non-elective contributions |
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Section 401(k) Plan – a plan in which employees may elect to make pre-tax contributions to an employer-sponsored plan in lieu of receiving taxable income |
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Section 403(b) Plan – an elective contribution arrangement available to employees of government schools and to employees of entities that are tax exempt under Code Section 501(c)(3). A 403(b) plan may also provide for employer contributions. Also available to tribal governments, but not to governmental agencies generally |
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Section 404(c) Plan – any defined contribution plan meeting regulatory requirements in which a participant exercises control over the assets in his/her account such that a participant will not be considered a fiduciary by reason of that control, and no other fiduciary shall be held liable for losses resulting from that control |
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Section 457 Plan – an elective contribution arrangement available to states, political subdivisions of a state, or any agency or instrumentality of a state |
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Security – general term meaning stocks, bonds, and other investment instruments |
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Self-Directed Option – an investment option permitting participants to invest their plan assets in an unlimited number of investment options through either a full brokerage account or a mutual fund window |
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Share – any of the equal parts into which the capital stock of a corporation or company is divided |
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Stock – a security representing an ownership interest in a corporation |
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