NASD
The National Association of Securities Dealers is the industry’s largest self-regulatory organization. Visit their Web sites: www.investor.NASD.com or www.nasd.com.
Net Asset Value (NAV)
Generally the price of a mutual fund’s per-share market value, NAV is calculated by including the closing day’s prices of all securities in a particular fund, plus all other fund-owned assets (including cash), minus all liabilities of the fund, and divided by all outstanding fund shares that day. In no-load funds, the offering per share price for the fund and the NAV per share are the same.
Nonelective Employer Contributions
Contributions made by an employer on behalf of Section 401(k) plan participants that are not related to the amount deferred by the participant. Nonelective contributions are not matching contributions.
Nonqualified Plan
A pension plan that does not meet the requirements for preferential tax treatment. This type of plan allows an employer more flexibility and freedom with coverage requirements, benefit structures, and financing methods.
