# |
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z
12(b) 1. Fees
Fees collected by mutual funds for the sale and promotion or other activity connected with the distribution of their shares. Typically 12(b)1 fees are between ?% to 1% of net assets managed, up to a maximum of 8.5% of the offering price per share.
401(k) Plan
A retirement savings plan that allows employees of for-profit corporations and non-profit organizations to reserve money for retirement on a pre-tax basis through a plan sponsored by their employer. The Federal government has created special tax advantages for contributions made into 401(k) plans, including, but not limited to, allowing contributions deducted directly from employee pay before taxes are calculated and allowing the earnings on funds in the employee's 401(k) account to grow tax-deferred until withdrawn at retirement.
403(b) Plan
A tax-deferred retirement plan offered by nonprofit organizations, public schools, and municipal agencies. Generally, 403(b) plans follow 401(k) rules for contributions, rollovers, and withdrawals. Employees contribute to the plan via payroll deduction. Income taxes are deferred on the contributions and any plan earnings until the employee withdraws the funds. Withdrawals may begin without penalty at age 59 ?, however become mandatory after age 70 ?. Investment choices in 403(b) plans are typically more limited than 401(k) plans.
457(b) Plan
The 457(b) plan is a non-qualified deferred compensation plan for states, counties, cities, agencies, and their political subdivisions or agencies. Deferred compensation is a contractual agreement between an organization and an employee wherein the organization makes an unsecured promise to defer the compensation of the employee to some future date for services currently performed by the employee. Annual contributions are made through salary deduction up to $12,000 or 33 1/3% of salary, whichever is less. Distributions are made upon retirement, termination of employment, extreme financial hardship or at death to the named beneficiaries.
# | A | B | C | D | E | F | G | H | I | J | K | L | M
| N | O | P | Q | R | S | T | U | V | W | X | Y | Z
