A qualified retirement plan that allows employees to make pre-tax contributions,
governed by Section 401(k) of the Internal Revenue Code.
The Employee Retirement Income Security Act, a set of laws that protect
the participants and beneficiaries of retirement and welfare plans.
Under ERISA section 3(21), a fiduciary is a person or legal entity who:
- exercises discretionary authority or control in management
of the plan or exercises any authority or control over management or
disposition of the plan assets
- renders investment advice for a compensation (direct
or indirect) for any assets of the plan, or has any authority or responsibility
to do so
- has discretionary authority or discretionary responsibility
in the administration of the plan
Financial advisor, broker or professional who assists you with your retirement
plan choices and investment options.
Investment options manufactured by an affiliated company;
An Individual Retirement Account that can be used to make pre-tax contributions
for business owners and their employees.
Professional who provides plan design and administrative services for
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