Across
3. The act of taking money out of your 401(k) account. Taking this before age 59 ½ will result in a 10% IRS penalty.
4. A lump sum paid to a participant or beneficiary.
6. Average age of retirement.
8. The party designated by a participant to receive the retirement plan benefits of a deceased participant.
10. (You) Involving trust, especially concerning the relationship between a trustee and a beneficiary.
11. Determines the portion of a participant’s accrued benefit or account balance.
Down
1. Transferring funds from one plan to another.
2. An investment designed around your projected retirement date.
5. An asset or item acquired to generate income or gain appreciation.
7. Held to a very high standard to act only in the best interest of others.
9. An amount of money that an employer chooses to make to participating employees’ retirement plans offered by the company.
Answer key:
1. Rollover
2. TargetDateFund
3. Withdrawal
4. Distribution
5. Investment
6. SixtyFive
7. Fiduciary
8. Beneficiary
9. Match
10. Participant
11. VestingSchedule
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