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Description

ERISA$$A$.$Also known as a pension, this type of plan provides lifetime monthly payments to retirees.Vested$$B$.$A plan in which employees may make contributions.Noncontributory plan$$C$.$A plan that combines aspects of a defined$-$contribution and a defined$-$benefit plan.Contributory plan$$D$.$A plan that meets specified criteria established by the IRS.Defined$-$contribution plan$$E$.$A plan in which employees are not allowed to make contributions.Defined$-$benefit plan$$F$.$A law that establishes parameters for employee eligibility, waiting periods, and vesting in employer$-$sponsored plans.Qualified plan$$G$.$A legal right to one$$s entire plan account balance, regardless of the source of the funds.Profit$-$sharing plan$$H$.$Often referred to as a salary$-$reduction plan.Cash$-$balance plan$$I$.$Employees should keep a close eye on their accounts in this type of plan, because stock in their company should only comprise up to but no more than $10\%$ of their retirement savings.ESOP$$J$.$When employees of a firm share some of the company$$s earnings.