Financial Glossary

A Non-Highly Compensated Employee (NHCE) is someone at a company who doesn’t meet the IRS definition of a higher-paid or high-ranking employee. This usually means they earn a more typical salary and don’t own a [...]

A Keogh Plan is a type of retirement savings plan created for self-employed individuals and small business owners. It allows you to save for retirement in a tax-advantaged way while contributing as both the employee [...]

A Highly-Compensated Employee (HCE) is someone at a company who earns a high salary or owns a significant part of the business. The IRS uses this term when testing workplace retirement plans to make sure [...]

A Double Advantage Safe Harbor, or DASH 401k, is a type of retirement plan designed for small business owners who want to save more for retirement while also making the plan easier to manage. It [...]

To “take a flier” means to make an investment that involves higher risk, often based on a hunch, a gut feeling, or the chance of a big payoff. It’s like taking a gamble on a [...]

An Aggressive Growth Fund is a type of investment fund that focuses on trying to grow your money as much as possible over time. It usually invests in stocks of companies that are expected to [...]

An Exchange-Traded Fund, or ETF, is a type of investment that works like a mix between a stock and a mutual fund. It’s a collection of investments, such as stocks, bonds, or other assets, bundled [...]

A Target-date Fund is a type of investment fund designed to help people save for retirement in a simple, hands-off way. You choose a fund based on the year you expect to retire, and the [...]

A Summary Plan Description, or SPD, is a document that explains the key details of a retirement plan in clear, easy-to-understand language. It tells you how the plan works, what benefits it offers, who is [...]