Types of Plans

1234567891011121314
Across
  1. 5. (hint: use OneNote "Types of Employer Plans" to find) Defined Contribution Plan that allows multiple contribution types and is generally used by small businesses.
  2. 6. This is an IRA employers can offer with a two year contribution requirement.
  3. 9. (hint: use OneNote "Types of Employer Plans" to find) Defined Contribution Plans that are used by local, municipal, and state government agencies like water districts, Departments of Transportation, school districts, and state/county hospitals.
  4. 10. This is the 4-letter abbreviation of this plan name. Contributions to an ESOP are made by the employer generally in the form of employer stock. Walmart is an example that might offer this plan.
  5. 12. (hint: use OneNote "Types of Employer Plans" to find) Also called a 409(a) plan and is NOT eligible to come to Edward Jones. Must be liquidated.
  6. 13. (hint: use OneNote "Types of Employer Plans" to find) Defined Contribution Plan that removes the need for plan testing as opposed to a standard 401(k).
  7. 14. Type of defined benefit plan that defines a future benefit in terms of a stated account balance at retirement instead of a monthly benefit at retirement. Government employees typically use this type of plan.
Down
  1. 1. Can be used in conjunction with a 401(k) and has employer contributions only. All business types can offer this plan.
  2. 2. (hint: use OneNote "Types of Employer Plans" to find) These plans are add on plans for high income earners, and because they are non-qualified, they are not rollover eligible.
  3. 3. Federal government's 401(k) type. Offered by federal government entities like the US Army.
  4. 4. Promises a specified monthly benefit at retirement, calculated through a plan-specific formula. Commonly referred to as a "pension."
  5. 7. Funded with employee salary deferral and/ or employer contributions. Public school systems, K-12, colleges, and universities tend to have these plans. May also be referred to as TSA (Tax-sheltered annuity)
  6. 8. Has characteristics of both a defined benefit and a defined contribution plan. Requires fixed annual contributions from employer only. All business types can offer it.
  7. 11. Funded with employee salary deferral and/or employer matching or profit sharing contributions. All business types could run this plan, excluding state and government.