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:

T           Taxable Year – the 12-month period used by an employer to report income for income tax purposes. The employer’s taxable year does not have to coincide with the plan year           Trade Data Interchange (TDI) – the final step in processing in some processing computer programs           Third Party Administrator (TPA) – an entity with which an employer may contract to handle various recordkeeping duties           Top-Heavy Plan – a qualified retirement plan in which more than 60 percent of the benefits are for key employees. Top-heavy plans must provide accelerated vesting and minimum benefits or contributions for non-key employees           Trust – a legal entity established under state law that holds and administers plan assets for the benefit of participants. A fund established under local trust law to hold and invest the assets of a plan                     Enter your search terms Web markettipsonline.com Submit search form

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