Target Date Funds (also know as Lifecycle Fund):
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A highly diversified mutual fund designed to remain appropriate for investors in terms of risk throughout a variety of life circumstances. Accordingly, lifecycle funds offer different risk profiles that investors can shift invested funds between in order to manage risk effectively as they move from youth to middle age to retirement. Although lifecycle funds all share the common goal of first growing and then later preserving principal, they can contain any mix of stocks, bonds, and cash.
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Source:
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403bCompare.com
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Temporary Life Annuity
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With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter.
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Source:
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Internal Revenue Service Publication 939
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Third Party Administrator (TPA)
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A third party administrator (TPA) provides plan administration and IRS compliance services to employers. A "Recordkeeper" is usually referred to as a TPA.
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Source:
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403bCompare.com
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Ticker (Stock Symbol)
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A unique four- or five-letter symbol assigned to a Nasdaq security that is used for identifying it on stock tickers, in newspapers, on on-line services, and in automated information retrieval systems. If a fifth letter appears, it identifies the issue as other than a single issue of common or capital stock.
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Source:
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National Association of Securities Dealers, Inc.
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Total Annual Fund Operating Expense
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The total of a fund's annual fund operating expenses, expressed as a percentage of the fund's average net assets. You'll find the total in the fund's fee table in the prospectus.
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Source:
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United States Securities and Exchange Commission
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Transfer Fee
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This is an amount charged by a fund to transfer either within the fund family or to another company.
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Source:
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403bCompare.com
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