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Defined contribution plan |
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Defined contribution planA pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit planDefined contribution plan Similar MatchesFederal Insurance Contributions ActFederal Insurance Contributions ActIn the US, the federal law which directs employers to withhold a proportion of employees' salaries for payment to the government in order to provide future pension and other social security benefits. 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. Additional voluntary contributionsAdditional voluntary contributionsAdditional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement. Simplified defined contribution schemeSimplified defined contribution schemeSee: 'defined contribution pension plan' Contribution marginContribution marginThe difference between variable revenue and variable cost. Further SuggestionsGeneral Average Contributionvoluntary deductible employee contribution plan defined contribution pension plan Nondeductible contribution Excess contribution money purchase scheme (defined contributions scheme) Contribution Equal percentage contribution rule (EPCoR) Contribution free standing additional voluntary contributions National Insurance (NI) Contributions Equity contribution agreement Contributions Agency |
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