Employee Pension Plans 101

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					This is a comprehensive guide to employee pension plans that outlines and describes
the different types of pension plans. This document contains a full list of glossary terms
and provides an overview of how pension plans are structured and work. This
document is helpful to a company, human resource officer, or small business owner that
is looking for general information about the structure and workings of employee pension
plans.
Employee Pension
   Plans 101
                                           Employee Pension Plans 101
                                                        Table of Contents


Types of Pension Plans.................................................................................................................... 3
   Defined Benefit Plan.................................................................................................................... 3
   Defined Contribution Plan........................................................................................................... 3
   Traditional Individual Retirement Account (IRA). ....................................................................... 4
   Roth Individual Retirement Account. .......................................................................................... 4
   Simplified Employee Pension Individual Retirement Account.................................................... 4
   Savings Incentive Match Plan for Employees (Simple) Individual Retirement Account. ............ 4
   Qualified Plans............................................................................................................................. 4
   403(b) Accounts. ......................................................................................................................... 4
   401(k) Plan................................................................................................................................... 4
Glossary of Terms ........................................................................................................................... 4
   Benefit Accrual ............................................................................................................................ 5
   Cash Balance Plan........................................................................................................................ 5
   Defined Benefit Plan.................................................................................................................... 5
   Defined Contribution Plan........................................................................................................... 5
   Employee Retirement Income Security Act of 1974 (ERISA) ...................................................... 5
   Employee Stock Ownership Plan (ESOP) ..................................................................................... 5
   Individual Retirement Account (IRA)........................................................................................... 6
   Money Purchase Plan .................................................................................................................. 6
   Multiemployer Plan ..................................................................................................................... 6
   Plan Administrator ...................................................................................................................... 6
   Plan Document ............................................................................................................................ 6
   Plan Fiduciary .............................................................................................................................. 6
   Plan Trustee................................................................................................................................. 6
   Plan Year ...................................................................................................................................... 7

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DOCUMENT INFO
Description: This is a comprehensive guide to employee pension plans that outlines and describes the different types of pension plans. This document contains a full list of glossary terms and provides an overview of how pension plans are structured and work. This document is helpful to a company, human resource officer, or small business owner that is looking for general information about the structure and workings of employee pension plans.
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