Each month we provide our plan sponsor clients with a participant ready communication piece. All participant corner documents are saved to your Fiduciary Briefcase. Once logged into your account, click on Briefcase > Participant Services > Employee Memos.
To download a copy of this Participant Corner Memo, click here to login to your fiduciary briefcase, or contact info@definedplanadvisors.com to get a pdf version that you can distribute to your employees.
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Across
- The act of taking money out of your 401(k) account early, will receive penalty.
- A lump sum paid to a participant or beneficiary.
- Average age of retirement.
- The party designated by a participant to receive the retirement plan benefits of a deceased participant.
- (You) Involving trust, especially concerning the relationship between a trustee and a beneficiary.
- Determines the portion of a participant's accrued benefit or account balance.
Down
- Transferring funds from one plan to another.
- A fund of funds.
- An asset or item acquired to generate income or gain appreciation.
- Involving trust, especially about the relationship between a trustee and a beneficiary.
- An amount of money that an employer chooses to make to participating employees' retirement plans offered by the company.
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Answer key:
1. Rollover, 2. TargetDateFund, 3. Withdrawal, 4. Distribution, 5. Investment, 6. SixtyFive, 7. Fiduciary, 8. Beneficiary, 9. Match, 10. Participant, 11. VestingSchedule