What Does Covered By A Retirement Plan At Work Mean?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Employers can establish a retirement plan for employees of their businesses.  The plan must meet legal requirements including being published.  A covered employee is one who can participate in the plan.  Any money that you contribute to the plan is always available to you.  A vested employee is one who has an interest in the money contributed by the employer.
    Answered on May 13, 2014
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