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- Retiree Health Plan
A health plan that provides coverage to retirees beyond what is mandated by COBRA or other health continuation laws. The retiree plan does not have to be the same plan that an employer provides its active employees, and the retiree may or may not pay the entire Premium.
- Rollover
A direct transfer of assets from one qualified retirement plan to another qualified retirement plan or IRA. In a direct rollover, the employee is not taxed on the payment until it is withdrawn or distributed later. This is sometimes called a "trustee to trustee" transfer, which is made without any funds being sent directly to the plan participant.
- Roth 401(k)
A 401(k) Plan feature that allows employees to make contributions on an after-tax basis. Qualified withdrawals are generally tax free if made after five years and after attaining age 59½.
- Roth IRA
Roth Individual Retirement Account acronym. A retirement account to which an individual can make annual after-tax contributions according to annual limits that are specified by the IRS.