An employee who during either the determination year or previous year: 1) was a 5% or more owner of the business and, 2) earned in excess of $85,000, 3) earned more than $66,000 and was in the top 20% paid group of employees, or 4) earned more than $60,000 and was an officer of the employer.

Holdings

A general term for what the separate account's holdings may include stocks, bonds and other types of investments. It may also include shares of an underlying mutual fund.

Holding Period Return/Yield

Income plus price appreciation during a specified time period divided by the cost of the investment.