Benefits Glossary

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  • n

  • Non-Highly Compensated Employee acronym. An employee who is not a Highly Compensated Employee (HCE).

  • A type of employer contribution to a DC Plan which does not require an employee to make their own contributions to the plan.

  • A termination of employment when a participant is eligible to retire and receive all accrued benefits. Normal Retirement eligibility is usually based on an age (often age 65) or a combination of age and service.