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Insurance Glossary

Find the answers to your insurance questions by clicking on the topic below.

What is....

...an HMO?
...a PPO?
...an HSA?
...Point of Service Insurance?
...a Self-funded plan?
...a Voluntary Benefit plan?

Tell me more about...

...Dental Insurance
...Vision Programs
...Disability Insurance
...401K
...COBRA Administration
...Kidcare
...Employee Assistance Programs

401K Plans

A 401K plan is an employer-sponsored savings program where employees contribute pre-tax dollars toward retirement. Many employers will match funds to a certain amount, as an extra employee benefit.

Employees may often invest in several different sponsored funds. Funds may be split among the various offerings. For example, an employee may contribute 25% of deposits to a high risk, high yield fund, 25% in more moderate options and 50% in a fixed interest money market. These plans are extremely popular with over 20 million Americans participating in employer sponsored 401K plans.

In a recent national survey, 44% of employers are dissatisfied with their 401K administration or fund performance. The Benefit Source, Inc can design a plan to meet the needs of employees with superior administration and the security of large fund recognition, Janus, Putnam, T. Rowe Price and more.

The Benefit Source Inc.
340 W. Butterfield Road - Suite 4B - Elmhurst, IL 60126
800.530.1773 | 630.530.0125 | fax: 630.530.0221
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