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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 MatchesDeductible 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. Contributions AgencyContributions AgencyAn executive agency within the Inland Revenue. The Contributions Agency deals with all aspects of NI (National Insurance) contributions. The agency has locations throughout the country. Money purchase scheme (defined contributions scheme)Money purchase scheme (defined contributions scheme)A pension scheme in which the benefits will be dependent on contributions to, and growth of, the fund and the fund manager's costs. 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. General Average ContributionGeneral Average ContributionThe amount of money paid by each shipper involved in a General Average. Further Suggestionssimplified defined contribution schemevoluntary deductible employee contribution plan defined contribution pension plan Contribution additional voluntary contributions Federal Insurance Contributions Act Nondeductible contribution Contribution margin National Insurance (NI) Contributions Equal percentage contribution rule (EPCoR) free standing additional voluntary contributions Equity contribution agreement Excess contribution |
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