Employee Contributions
Payments made by an employee to fund a specific benefit, thereby contributing to or covering the employer's entire cost.
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Employee contribution refers to the money you put into your employer-sponsored retirement plan.
It doesn't include any money your employer might chip in.
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EMPLOYEE CONTRIBUTION - An employee's own deposit to a company retirement plan.
EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA) - (USA) The Employee Retirement Income Security Act of ...
Employee Contribution
Pre-income tax salary deferral elected by the participant. Some Defined Benefit programs require Employees to make post-tax or pre-tax contributions as a condition to participate in the program.
Employee contribution
Employee Retirement Income Security Act (ERISA)
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Employee Contribution Plan
A company-sponsored retirement plan where employees make deposits (contributions) to an account. Contributions are deducted from employee's pay; some companies match those payments.
Mandatory Employee Contribution: While participation in an employee benefit plan is voluntary, participants who join agree to its contractual terms for mandatory employee contribution.
See also: Employee Contribution Plan, Employee Stock Option, Golden Handcuffs, Stock, Stock Option
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Typically, an employee can specify a salary percentage, some or all of which may be pretax dollars, and the employer will match part or all of the employee contribution.
employee contribution An individual's contribution to his or her own retirement plan, often tax-deferred. Employee Retirement Income Security Act of 1974 Abbreviated as ERISA, refers to the federal law which established legal guidelines..
Qualified plan or trust A tax-deferred plan allowing employer and employee contributions that build up savings, which are paid out at retirement or on termination of employment. Tax is paid only when amounts are drawn from the trust.
401(k) (employee contribution).
IMSA See Insurance Marketplace Standards Association.
employee contributions
employee leasing company
employee profit sharing
Employee Retirement Income Security Act (ERISA)
employee stock option
Employee Stock Ownership Plan (ESOP)
employer
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Voluntary Deductible Employee Contribution Plan
A type of pension plan in which an employee elects to have regular payments deducted from each salary payment....(Read more)
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6 I mention employee contributions because, contrary to the sloppy reporting that appears regularly in U.S.
The plan may provide for employer contributions, as in a pension or profit-sharing plan, as well as employee contributions.
Other Employee Deductions can occur for employee cost sharing in health care insurance programs, employee contributions to various retirement or other savings plans, charitable contributions, ...
Short for voluntary deductible employee contribution plan, a type of pension plan where the employee elects to have contributions (which, depending on the plan, may be before- or after-tax) deducted from each paycheck.
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Defined Contribution Plan: A pension plan under which employer and employee contributions are fixed and the pension benefit received by retired employees is based on these contributions and how the money has been invested.
A key is that the employer generally must match employee contributions up to 3% or contribute 2% of pay for each employee, whether or not they contribute on their own.
Employer Pick Up: A plan that excludes employee contributions from gross income for federal income tax purposes.
Entry Date: The date which an eligible employer joins the Retirement System.
Qualified Plan - A tax-deferred plan allowing employer and employee contributions that build up savings, which are paid out at retirement or on termination of employment. Tax is paid only when amounts are drawn from the trust ...
With the health of the economy still questionable, many companies are no longer matching employee contributions to 401 (k) retirement accounts.
Some employers match employee contributions to a predetermined maximum percentage level. Beyond any matching amount, employees are permitted to deposit additional voluntary contributions, usually pre-tax, up to a scheduled monetary limitation.
A pension plan under which employer and employee contributions are fixed and the pension is based on these contributions.
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Under this type of retirement plan the company will match employee contributions with stock rather than cash. KSOPs benefit companies by reducing expenses that would arise by separately operating an ESOP and 401(k) retirement plans.
The period of time an employee must work at a firm before gaining access to employer-contributed pension income. For 401(k) plans, employee contributions are immediately vested, but employer contributions may be vested over a period of several years.
A pension plan that is fully paid for by the employer, requiring no employee contributions.
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A pension plan which defines the benefits to be paid to the employee by a formula stipulated in the pension plan agreement. Unlike the defined contribution plan, employer and employee contributions are not pre-determined but are functions of ...
In the majority of states, benefit funding is based solely on a tax imposed on employers. (Three states require minimal employee contributions.) ...
A cafeteria plan is a type of employee benefit program that gives employees the ability to choose which nontaxable fringe benefits they will receive. The benefits are funded with pre-tax employee contributions, employer contributions, ...
Noncontributory pension plan
A pension plan that is fully paid for by the employer, requiring no employee contributions.
exclusive benefit of the employees and their beneficiaries. Assets can't revert to the employer, except for forfeitures (for example, if an employee leaves before vesting in benefits). Funding can be provided from employer or employee contributions, ...
the balance from a Roth 401(k) could be rolled over directly into a regular Roth IRA when you leave the employer. An employer match, if any, would automatically go into the traditional 401(k) option, regardless of where the employee contributions are ...
 See also: Expense, Compensation, Saving, Funding, Administration
  
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