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NASDAQ

National Association of Securities Dealers Automated Quotations System. This is a computerized system that provides up-to-the-minute price quotations on about 5,000 of the more actively traded over-the-counter stocks.

Net Asset Value (NAV)

The current market worth of a mutual fund share. Calculated daily by taking the fund's total assets securities, cash,- and any accrued earnings deducting liabilities, and dividing the remainder by the number of shares outstanding.

Net Unrealized Appreciation (NUA)

NUA is the increase in the value of employer securities distributed from a stock bonus plan since the time they were contributed by the employer to the participant's plan.

Nondeductible IRA

An individual retirement account contribution that may be deducted from current taxable income.

Non-Discrimination Testing

Test designed to ensure that a qualified plan does not discriminate in favor of highly compensated employees.

Nonelective Deferral

A plan contribution by the employer based on a percentage of the participant's compensation; not related to the amount deferred by the participant (for example, in a SIMPLE plan, 2% of employee compensation).

Nonelective Employer Contributions

Contributions made by an employer on behalf of Section 401(k) plan participants that are not related to the amount deferred by the participant. Nonelective contributions are not matching contributions.

Nonqualified Plan

A pension plan that does not meet the requirements for preferential tax treatment. This type of plan allows an employer more flexibility and freedom with coverage requirements, benefit structures, and financing methods.

Non-Standardized Prototype

An adoption agreement which permits the exclusion of classes of employees from participation, and the exclusion of certain amounts (such as commissions, bonuses, or overtime) in the plan's definition of compensation. Non-standardized adoption agreements are more flexible in design choices than standardized adoption agreements.

Normal Retirement Age

The age at which full Social Security old age benefits are available. When this term is used in qualified plan documents, it may refer to an age that differs from the Social Security normal retirement age. In qualified plans - normal retirement plans - normal retirement age is the earlier of the following: 1)The normal retirement age specified in the plan, or 2)The later of age 65 or five years after the plan participation began.