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Defined contribution pension plan |
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Defined contribution pension planA pension plan in which benefits are dependent on contributions to and the growth of the pension fund.Similar MatchesExcess contributionExcess contributionThe amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies. Voluntary deductible employee contribution planVoluntary deductible employee contribution planA type of pension plan in which an employee elects to have regular payments deducted from each pay check. Contribution marginContribution marginThe difference between variable revenue and variable cost. ContributionContributionMoney 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. Deductible contributionDeductible contributionAmount paid into an IRA, an employer-sponsored retirement plan, or other type of retirement plan for a particular tax year that is a deduction from income for tax purposes. Further SuggestionsDefined contribution planContributions Agency additional voluntary contributions National Insurance (NI) Contributions Equal percentage contribution rule (EPCoR) Nondeductible contribution General Average Contribution simplified defined contribution scheme Federal Insurance Contributions Act money purchase scheme (defined contributions scheme) free standing additional voluntary contributions Contribution Equity contribution agreement |
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