Active Participant Status asks, "Are you, the employee, actively participating in the company-sponsored retirement plan?" Status: Yay. Or nay?
Related or Semi-related Video
Finance: What does "Tax Deferred" mean?510 Views
Up Next
Finance: What is a 401(k)?
52 Views
What is a 401(k)? A 401(k) is a retirement plan that is offered by many employers (government entities, however, use a 403(b) plan). These plans us...
Finance: What is Tax Basis?
8 Views
Tax basis is your cost for assessing how much you owe in taxes, and is determined by multiplying your gains by your tax rate.
Finance: What is the Tax Reform Act of 1986?
4 Views
What was the Tax Reform Act of 1986? Hit play to find out.