Takeover Fees
A one-time fee charged by the Third Party Administrator to establish and transfer Plan and participant records.
Tax Deferred
Earnings or income that are not subject to federal income taxes until a later date. With reference to tax-deferred earnings produced within an IRA, these earnings are taxed only upon distribution to the account owner.
Third Party Administrator (TPA)
An independent company that provides Retirement Plan consulting and administration such as the record keeping of participant accounts, compliance and discrimination testing, and government filings.
Ticker Symbol
Each stock, option, and mutual fund is identified by an acronym for trading or quoting purposes.
Trust
A fiduciary relationship in which one person (the trustee) is the holder of the legal title to property (the trust property) subject to an equitable obligation (an obligation enforceable in court of equity) to keep or use the property for the benefit of another person (the beneficiary).
Trustee
The party named in a trust document who has responsibility to hold assets for the participants. Some plan documents also give investment responsibility to the trustee.
