Retirement Terms and Definitions

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401(a) plan
401(k) plan
403(b) plan
408(k) plan
412(i) plan
457 plan
90-age formula
accelerated vesting
accrued benefit
accumulated postretirement benefit obligation (APBO)
accumulation period
accumulation unit
active member
active participant
actual contribution percentage test (ACP test)
actual deferral percentage (ADP)
actual deferred percentage test (ADP test)
actuarial adjustment
actuarial assumption
actuarial equivalent
additional voluntary contributions
advance earned income credit
advance funded pension plan
after-tax contributions
age-weighted plan
agency automatic contributions
agency matching contributions
allocation of plan assets on termination
alternate payee
amortization method
annual addition
annuitization method
annuitization phase
annuity factor method
annuity unit
automatic deferral default percentage
automatic enrollment
automatic rollover
average contribution percentage
average indexed monthly earnings (AIME)
back-end load
bank trust custodial account
benefit offset
benefits administration
blackout period
brokerage window
bundled plan
cafeteria plan
Cash or Deferred Arrangement
cash-balance plan
catch-up contributions
Certified Senior Consultant (CSC)
Chartered Retirement Planning Counselor (CRPC)
Chartered Retirement Plans Specialist (CRPS)
Civil Service Retirement System (CSRS)
cliff vesting
collectively bargained plan
combination annuity
commission recapture
commutation right
conduit IRA
consumption smoothing
contingent pension liability
credit for qualified retirement savings contribution
death benefit
deductible IRA
deemed IRA
deferred account
deferred annuity
deferred compensation
deferred group annuity
deferred nominal life annuity
deferred payment annuity
defined benefit plan
defined contribution plan
designated beneficiary
designated Roth account
Determination Letter
direct rollover
direct transfer
discrimination testing
distress termination
early retirement
early withdrawal penalty
earned benefit
Education IRA
effective date of retirement
elective deferral
elective deferral contribution
electronic transfer account (ETA)
eligibility requirements
eligible automatic contribution arrangement (EACA)
employee contribution
Employee Retirement Income Security Act of 1974
employer matching contribution
enrolled actuary
equity-indexed annuity
excess accumulation
excess aggregate contribution
excess benefit plan
excess contribution
excess deferral
excess distribution
excludable employees
exclusion ratio
extended IRA
Federal Employee Retirement System (FERS)
Federal Insurance Contributions Act
Fidelity Investments
financial planner
financial planning
fixed amortization method
fixed annuitization method
flexible benefit plan
flexible spending account
floor plan
forward averaging
four percent rule
front-end load
frozen pension
frozen plan
full surrender
fully funded
fully vested
funded pension plan
funded status
golden boot
Government-Sponsored Retirement Arrangement (GSRA)
graduated vesting
group certificate
group IRA
Guaranteed Investment Contract
Guardian IRA
GUST restatement
hardship withdrawal
Heroes Earned Retirement Opportunities Act (HERO)
highly compensated employee
home buyers' plan (HBP)
Hulbert Financial Digest
hybrid annuity
hybrid pension plan
immediate payment annuity
in-service withdrawal
incidental benefit
income replacement ratio
independent 401(k)
indirect rollover
individual 401(k) plan
individual policy pension trust
Individual Retirement Account
Individual Retirement Account (IRA) rollover
inflation-protected annuity (IPA)
inflation-protected security (IPS)
inherited IRA
integrated pension plan
interest assumption
investment policy
IRA adoption agreement and plan document
IRA distributions
IRA rollover
IRA Transfer
joint and survivor annuity
joint life annuity
joint-life payout
Keogh Plan
Leveraged Employee Stock Ownership Plan (LESOP)
liability-driven investment (LDI)
life annuity
life expectancy method
Lifelong Learning Plan
Linsco Private Ledger (LPL)
liquid net worth
locked-in retirement account (LIRA)
long-term growth (LTG)
longevity risk
lump sum distribution
master pension plan
matching funds
matured RRSP
minimum distribution
minimum pension liability
money purchase pension plan
Monthly Income Plan (MIP)
National Pensions Reserve Fund
National Social Security Fund

National Welfare Fund
negative election
nest egg
net unrealized appreciation
non-contributory plan
non-deductible IRA
non-insured plan
non-qualified distribution
non-qualified retirement plan
nondeductible contribution
nonelective contribution
nonforfeitable benefit
nonperiodic distribution
nonspouse beneficiary rollover
normal retirement age
old age, survivors, and disability insurance
Old-Age and Survivors Insurance Trust Fund
opt out plan
ordering rules
Ordinary Disability
orphan plan
overfunded pension plan
participant-directed account
participating GIC
party in interest
payout period
pension adjustment reversal (PAR)
pension benefit
Pension Benefit Guaranty Corporation
pension fund
pension parachute
pension plan
pension plan administrator
Pension Protection Act of 2006 (PPA)
pension reversion
periodic payment plan
plan asset
plan loan
plan sponsor
portfolio manager
post-retirement risk
premature distribution
preretirement survivor annuity
prototype plan
Prudent Expert Act
qualified annuity
qualified automatic contribution arrangement (QACA)
qualified distribution
qualified joint and survivor annuity
Qualified Pre-Retirement Survivor Annuity (QPSA)
Qualified Professional Asset Manager (QPAM)
qualified retirement plan
qualified trust
qualifying annuity
recalculation method
redemption fee
Registered Pension Plan (RPP)
registered retirement income fund
Registered Retirement Savings Plan (RRSP)
Registered Retirement Savings Plan contribution (RRSP contribution)
Registered Retirement Savings Plan deduction (RRSP deduction)
Registered Retirement Savings Plan deduction limit (RRSP deduction limit)
required beginning date (RBD)
Required Minimum Distribution
retirement age
Retirement Equity Act of 1984
retirement income fund (RIF)
retirement plan
retirement planning
Retirement Protection Act of 1994
retirement readiness
retirement savings contributions credit
revoked IRA
Roth 401(k)
Roth IRA
Roth option
rule 72(t)
salary reduction
Salary Reduction Simplified Employee Pension Plan
same property rule
saver's tax credit
Savings Incentive Match Plan for Employees
self-directed retirement account
self-directed RRSP
self-employed pension
SEP Plan
separate account
sequence risk
service credit
severance costs
SIMPLE 401(k) Plan
Simplified Employee Pension IRA
single-employer plan
single-life annuity
Single-Premium Deferred Annuity
Social Security
Social Security Act
Social Security Tax
spousal beneficiary rollover
spousal contributions
spousal IRA
spousal rollover
stable value fund
Statement of Changes in Net Assets Available for Pension Benefits
statement of ERISA rights
stock savings plan
straight life annuity
stretch IRA
substantially equal periodic payment (SEPP)
substantially equal periodic payments (SEPP)
summary annual report
Summary of Material Modifications
summary plan description
supplemental executive retirement plan (SERP)
Supplemental Security Income
surrender charge
surrender period
survivor benefit
systematic withdrawal schedule
target retirement fund
tax deferral
tax sheltered annuity
tax-deferred savings plan
tax-free rollover
term certain annuity
term certain method
top hat plan
top-heavy plan
transfer payments
underfunded pension plan
unfunded liability
unfunded pension plan
universal savings account
variable annuitization
variable annuity
voluntary contribution
wasting trust
wraparound annuity
year's maximum pensionable earnings (YMPE)
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