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Glossary

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401(k) plan: a plan that allows employees to contribute a portion of their pretax salary to a tax-deferred retirement plan, allowing the contributed funds to grow free of taxes until the money is withdrawn. Many companies encourage participation in the plan by matching employee contributions. Contributions can be invested in stock funds, bond funds and money market funds.

403(b) plan: a plan that allows employees of nonprofit or educational organizations to contribute a portion of their pretax salary to a tax-deferred retirement plan, allowing the contributed funds to grow free of taxes until the money is withdrawn. Many companies match employee contributions. Contributions can be invested in stock funds, bond funds and money market funds.

12b-1 fee: fee associated with certain sales and marketing expenses of a mutual fund.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.