Salary Reduction Plan
Financial & Investment Dictionary:
Salary Reduction Plan
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Salary Reduction Plan
A tax deferred retirement plan which provides for an employee to have a certain amount of gross salary withheld and invested in a choice of ...(Read more)
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Salary reduction plan
A salary reduction plan is a type of employer-sponsored retirement savings plan. Typical examples are 401(k)s, 403(b)s, 457s, and SIMPLE IRAs.
Salary Reduction Plan (Cash or Deferred Arrangement):
A CODA is a defined contribution plan that allows participants to have a portion of their compensation (otherwise payable in cash) contributed pre-tax to a retirement account on their behalf.
Salary reduction plan
A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan.
Salary Reduction Simplified Employee Pension Plan (SARSEP) ...
Salary Reduction Plan: A qualified retirement program in which employees make tax advantaged contributions on a pre-tax basis.
Salary reduction plan. See Reimbursement account.
Sallie Mae. Acronym for the Student Loan Marketing Association, which buys student loans from colleges, universities and other lenders and packages them into units to be sold to investors.
form of salary reduction plan that qualifying small employers may offer to their employees. Simple stands for Savings Incentive Match Plans for Employees.
Individual Retirement Account (IRA) rollover A provision of the law governing IRA's that enables a retiree or anyone receiving a lump-sum payment from a pension, profit-sharing, or salary reduction plan to transfer the amount into an IRA.
You can invest in a GIC through a salary reduction plan, such as a 401(k) or 403(b) sponsored by your employer, provided that investment option is offered.
A plan whereby an employee may contribute pretax earnings to a qualified tax-deferred retirement plan--also called "cash or deferred arrangement" (CODA) or "salary reduction plan.
Qualified Plans - An IRS-approved retirement plan, such as an IRA, HR-10 or Keogh, pension or profit sharing plan, and salary reduction plans (401K). "Qualified" means that the product has been qualified by the IRS to have special tax privileges.
A temporary halt to increases in salary due to financial difficulties experienced by a company.
Salary reduction plan ...
A provision of the law governing IRA's that enables a retiree or anyone receiving a lump-sum payment from a pension, profit-sharing, or salary reduction plan to transfer the amount into an IRA.
Individual tax return ...
A tax-deferred retirement plan that can be offered by businesses of any kind. A company's 401(k) plan can be a "cash election" profit-sharing or stock bonus plan, or a salary reduction plan.
Like 401(k) and 403(b) plans, the money you contribute is not taxed until you begin making withdrawals-usually at retirement. Unlike many employer-sponsored salary reduction plans, however, 457s are funded solely by the employee, ...
A provision of the law governing IRA's which enables a person who has retired or been fired by their employer and is receiving a lump-sum payment from their company's pension, profit-sharing, or salary reduction plan to transfer the amount into an ...
establishes an account for each participating employee and each participant elects to deposit a portion of his or her salary into the account. The amount deposited is not subject to income tax. This is the most common type of salary reduction plan.
 See also: Expense, Saving, Tax-Deferred, Mergers, Compensation
  
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