408(k) Plan: What it is, How it Works, Compared to 401(k)
A 408(k) plan is the Internal Revenue Code section that governs Simplified Employee Pensions (SEPs). A SEP is an employer-established retirement account that uses…
403(b) Tax-Sheltered Annuity Plan?
A 403(b) plan is an employer‑sponsored retirement account for employees of public schools, certain government agencies, and qualifying nonprofit (501(c)(3)) organizations. It is sometimes…
401(k) Plans: What Are They, How They Work
• A 401(k) is a tax-advantaged, employer-sponsored retirement savings plan defined by the U.S. tax code. It is a defined-contribution plan: the employee’s account…
401(a) Plan: What It Is, Contribution Limits, and Withdrawal Rules
A 401(a) plan is an employer-established retirement savings program typically offered by government agencies, public schools, universities, and nonprofit organizations. The employer designs the…
3 6 3 Rule
The “3-6-3 rule” is a colloquial summary of how many people remember commercial banking in the mid‑20th century: pay depositors roughly 3% interest, lend…
3P Oil Reserves: What it Means, How it Works
Definition – 3P oil reserves = proven + probable + possible reserves. It is an aggregate, optimistic inventory that sums the oil volumes a…
Understanding 3D Printing: Process, Uses, and Industry Examples
• Definition: 3D printing, also called additive manufacturing, is a process that builds physical objects directly from digital designs by depositing material layer by…
Understanding the 3(c)(7) Exemption from SEC Regulations
The 3(c)(7) exemption is a carve‑out in the Investment Company Act of 1940 that lets certain private investment vehicles avoid many of the Act’s…
3C1 and How Is the Exemption Applied?
• “3(c)(1)” (often written 3C1) refers to the 3(c)(1) exemption in Section 3 of the Investment Company Act of 1940. It lets certain private…
341 Meeting: What It Is, How It Works, Example
A 341 meeting (short for a “meeting of creditors”) is a required meeting that occurs early in many U.S. bankruptcy cases. Its formal name…