Account Balance Plan
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Account Balance Plan
Plan that takes the form of a supplemental executive retirement plan. Under this plan, the executive’s employer contributes to the executive’s account on a performance-tied basis. For example, if the stock price of the company rises at least 20% in a given year, the employer’s contribution would be 20% of the executive’s salary.
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Account Balance Plan
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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