The amount credited to a bond or other fixed-income security between the last payment and when the security is sold, or any intermediate date. The buyer usually pays the seller the security's pri [..]

In a 401k plan, this is the result of the average of ratios of combined contributions to compensation for both highly compensated and non-highly compensated employees. Each employee's ratio is ca [..]

A written statement issued by the Internal Revenue Service to a volume submitter practitioner or volume submitter mass practitioner as to the acceptability of the form of a specimen plan and any relat [..]

A contract by which an insurance company agrees to make regular payments to someone for life or for a fixed period. Appreciation

The price a seller is willing to accept for the security; also called the offer price. This price is usually higher than the Bid price. Asset allocation

A common trust fund or mutual fund that spreads its portfolio among a wide variety of investments, including domestic and foreign stocks and bonds, government securities, and real estate stocks. This [..]

A feature in a plan whereby a covered employee's compensation is reduced by an amount specified in the plan and contributed to the plan on the employee's behalf unless the employee makes an [..]

A plan which automatically increases the percentage of (retirement) funds saved from salary. this type of plan generally features a default or standard contribution escalation rate.

The firm's financial statement that provides a picture of its assets, debts, and net worth at a specific point in time. Balanced fund

A measure of a stock's risk relative to the market, usually the Standard & Poor's 500 index. The market's beta is always 1.0; a beta higher than 1.0 indicates that, on average, when [..]