options for fill in the blank

1) contributoryoncontributory/voluntary

2)their own stocks/a mix of fixed-interest products/stocks and bonds

3) employer/employee

4) annual salary/taxable income/monthly paycheck

5) part of/excludable from

6)subject toot subject to

7)until retirement/tax free

8)increased/reduced

9)age at plan inception/individual's tax rate/years to retirement

10) prerax contributions/projected retirement benefits/afrer-tax dollars

11) tax free/ a set amount

12)retired/ age 65/aged 67/age 59 1/2

9. Employer-sponsored programs Employer-Sponsored Retirement Programs In addition to pension plans, employers of all sizes offer supplemental plans. These plans are often voluntary and help employees to not only increase the amount of funds being held for retirement but also enjoy attractive tax benefits. A prohit-sharing plan allows employees to participate in the earnings of their employer. This type of plan may be IRS qualified, making it eligible for the same tax treatment as other types of pension plans. One feature of this type of plan is the following WS 60 Some companies may offer a that invests heavily in CE 528 438 OS 38 mployee's contribution to the plan. Some features of A thrift and savings plan has the employer contribute this type of plan include the following: ES until withdrawn. E . If the plan is IRS qualified, . An employee's contribution is considered taxable income. Thus, income tax. Another type of supplemental retirement program is the salary reduction plan, more commonly known as a 401(k). Some features of this type of plan include the following: In this way, the earnings diverted . An employee option to divert part of their salary to a company-sponsored, accumulate . Because these contributions are made amount necessary to fund a by the contribution times the Another supplement retirement plan is the Roth 401(k). Some With a Roth 401(k), contributions are from . With a Roth 401(k), monies withdrawn from the plan five years or more. and held the account for