Advanced Individual

Employer-sponsored retirement plans that meet government-imposed funding and anti-discrimination requirements.

Employer-provided qualified plans that spell out the specific benefits employees will receive on retirement.

Employer-provided qualified plans that specify the maximum annual contributions employers and/or employees may contribute to the plan.

The process of becoming legally entitled to receive a particular benefit without risk of forfeiture; gaining ownership.

A qualified plan provision allowing for benefits to vest all at once after a specified period of time has passed.

A qualified plan rule that requires an increasing percentage of plan benefits to vest with each additional year of employment.

A popular type of defined contribution plan with before-tax employee and employer contributions and taxable distributions.

A type of defined contribution plan that allows employees to contribute on an after-tax basis and receive distributions tax-free.

Compensation provided for under a non-qualified plan allowing employees to defer compensation to a future period.

The date on which employees receive stock options to acquire employer stock at a specified price.

The date employees use their stock options to acquire employer stock at a discounted price.

The price at which holders of stock options may purchase stock in the corporation issuing the option.

Stock employees receive as compensation that may only be sold after the passage of time or after certain performance targets are achieved.

A special tax election that employees who receive restricted stock or other property with ownership restrictions can make to accelerate income recognition from the normal date when restrictions lapse to the date when the restricted stock or other property is granted. The election also accelerates the employer’s compensation deduction related to the restricted stock or other property.