A type of 529 plan that lets an account owner open an investment account to save for the account beneficiary’s qualified higher education expenses or tuition for elementary or secondary public, private, or religious schools.
529 ACCOUNT OWNER
A person who establishes an account for a student to save money for qualified higher education expenses or tuition for elementary or secondary public, private, or religious schools; also called the account holder or the saver.
529 ACCOUNT BENEFICIARY
A current or future student for whom the 529 account is established.
403(B) PLAN
A type of tax-deferred retirement savings program available to employees of public schools, certain non-profits, and some members of the clergy.
401(K) PLAN
An employer-sponsored retirement savings plan that gives employees a choice of investment options, typically mutual funds. Employees who participate in a traditional 401(k) plan have a portion of their pre-tax salary invested directly in the option or options they choose. These contributions and any earnings from the 401(k) investments are not taxed until they are… Continue reading 401(K) PLAN
What is a global LEI?
The LEI is a reference code to uniquely identify a legally distinct entity that engages in a financial transaction. Currently, there are many ways to identify entities, but there is no unified global identification system for legal entities across markets and jurisdictions. The LEI will be a linchpin for financial data—the first global and unique… Continue reading What is a global LEI?
12b-1 Fees
12b-1 Fees are fees paid out of fund assets to cover the costs of marketing and selling fund shares. “Distribution fees” include fees to compensate brokers and others who sell fund shares, and to pay for advertising, and printing and mailing prospectuses to new investors. “Shareholder Service Fees” are fees that cover the cost of… Continue reading 12b-1 Fees
What is an FRN?
An FRN, or FCC registration number, is a 10-digit number that is assigned to a business or individual registering with the FCC. This unique FRN is used to identify the registrant’s business dealings with the FCC. The FCC will use the FRN to determine if all of a registrant’s fees have been paid. Businesses are… Continue reading What is an FRN?
How to request an NCAGE Code
How to Obtain a NATO Commercial and Government Entity (NCAGE) Code If the NCAGE code has already been registered, you can search for it here. The Commercial and Government Entity Code also known as CAGE Code, is a code assigned to businesses providing a product or service to the United States (U.S.) Government. In the… Continue reading How to request an NCAGE Code
CAGE Code Acronyms
ACO – Administrative Contracting Officer APOC Alternate Point of Contact CAGE Commercial and Government EntityCIC Customer Interaction CenterCSI CAGE Search and Inquiry D&B Dun and BradstreetDBA Doing Business AsDFARS Defense Federal Acquisition Regulation SupplementDLA Defense Logistics AgencyDOD Department of DefenseDODAAC Department of Defense Activity Address CodeDUNS Data Universal Numbering System EIN Employer Identification Number FAR… Continue reading CAGE Code Acronyms