Retirement Plan Management for Small Business
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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:

  1. exercises discretionary authority or control in management of the plan or exercises any authority or control over management or disposition of the plan assets
  2. renders investment advice for a compensation (direct or indirect) for any assets of the plan, or has any authority or responsibility to do so
  3. has discretionary authority or discretionary responsibility in the administration of the plan

Qualified Professional
Financial advisor, broker or professional who assists you with your retirement plan choices and investment options.

Proprietary investments
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.

Third-party administrator
Professional who provides plan design and administrative services for retirement plans.

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