Tag: plan

DefinitionA defined contribution plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual...

What is 'Dead Hand Provision' A stipulation on a defense mechanism (or poison pill) used by companies in order to protect against...

DefinitionA defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum on retirement that...

DefinitionDebt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a...

What is 'Death Benefit' Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the...

DefinitionDollar cost averaging is an investment strategy with the goal of reducing the impact of volatility on large purchases of financial assets such as...

What is 'Unauthorized Insurance' A phony plan that claims to provide financial protection against unforeseen and potentially catastrophic events. Unauthorized insurance is...

What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...

Most people have heard of unallocated benefits, but don't really know what they are or how they work. In this post, we will explore...

What is an underfunded pension plan and how does it happen An underfunded pension plan happens when a company doesn't have enough money set aside...