Retirement plans

The Vanguard Group, Inc.

DICK'S Sporting Goods

Glossary


Beneficiary: The person or entity designated to receive the proceeds of a pension, investment account, annuity contract, or insurance policy in the event of the owner’s death. For 529 college savings accounts, the beneficiary is the student whose education expenses will be paid with the money from that account.

Glossary


Catch-up contribution: A type of retirement savings contribution that allows people age 50 and over to make additional contributions to their 401(k) and/or individual retirement accounts.

Glossary


Discretionary contribution: A contribution made by the employer, which is not required.

Glossary


Vested: Nonforfeitable ownership (or partial ownership) by an employee of the retirement account balances or benefits contributed on his or her behalf by an employer.

Glossary


Vesting: Nonforfeitable ownership (or partial ownership) by an employee of the retirement account balances or benefits contributed on his or her behalf by an employer.

Glossary


Withdrawal: Money taken out of an account by the account owner. A withdrawal from a tax-advantaged account may be subject to taxes and, if certain conditions are not met, penalties.

Glossary


Vested: Nonforfeitable ownership (or partial ownership) by an employee of the retirement account balances or benefits contributed on his or her behalf by an employer.

Glossary


Beneficiary: The person or entity designated to receive the proceeds of a pension, investment account, annuity contract, or insurance policy in the event of the owner’s death. For 529 college savings accounts, the beneficiary is the student whose education expenses will be paid with the money from that account.

Glossary


Withdrawal: Money taken out of an account by the account owner. A withdrawal from a tax-advantaged account may be subject to taxes and, if certain conditions are not met, penalties.