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.
Remember, you always own 100% of contributions that you make.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
employee contribution — An employee s own deposit to a company retirement plan. Bloomberg Financial Dictionary … Financial and business terms
Defined contribution plan — See also: Defined benefit plan In economics, a defined contribution plan is a type of retirement plan in which the amount of the employer s annual contribution is specified. Individual accounts are set up for participants and benefits are… … Wikipedia
defined contribution plan — n: a pension plan in which the amount of the contributions made by the employer is fixed in advance and earnings are distributed proportionately Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. defined contribution plan … Law dictionary
defined contribution plan — A pension or other employee benefit plan that provides a specified contribution amount for the benefit of eligible employees. The participants ultimately receive amounts that depend on both the accumulated contributions and the investment returns … Financial and business terms
defined contribution plan — A type of occupational pension that has a fixed contribution rate but does not guarantee any particular pension amount on retirement. The employer pays into the pension fund a certain amount every month or every year for each employee; this is … Business law dictionary
Defined-Contribution Plan — A retirement plan in which a certain amount or percentage of money is set aside each year by a company for the benefit of the employee. There are restrictions as to when and how you can withdraw these funds without penalties. There is no way to… … Investment dictionary
employee stock ownership plan — n: esop Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. employee stock ownership plan … Law dictionary
Employee Retirement Income Security Act — The Employee Retirement Income Security Act of 1974 (ERISA) (USStatute|93|406|88|829|1974|09|02) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the… … Wikipedia
contribution — con·tri·bu·tion n 1: payment of a share of an amount for which one is liable: as a: shared payment of a judgment by joint tortfeasors esp. according to proportional fault compare apportion a b: pro rata apportionment of loss among all the… … Law dictionary
contribution — money placed in an individual retirement account ( IRA), an employer sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account. Bloomberg… … Financial and business terms