A qualified plan, usually part of a profit sharing or stock bonus plan, that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401(k) plan. A participant in a CODA may still contribute to an IRA, although the contribution might not be deductible.
An arrangement under a retirement plan that allows employees to either receive cash or have the employer contribute an equivalent amount to the plan.
See Section 401(k) plan.----------[ Back
An arrangement whereby a participating employee can choose between taking compensation in the form of cash or deferring a portion of it until the future.
An arrangement under a retirement plan which allows employees to receive either cash or have the employer contribute the same amount to the plan.
a qualified retirement plan feature that allows participants to have a portion of their compensation (otherwise payable in cash) contributed, pre-tax, to a retirement account on their behalf. (see 401(k) plan)
A type of profit sharing or stock bonus plan in which employees may defer current pre-tax compensation.
See Salary Reduction Plan.
a plan under Section 401(k) of the Internal Revenue Code that allows employees to choose between receiving compensation, and electing to have that compensation contributed on their behalf to a qualified plan.
A qualified profit sharing or stock bonus plan that gives a participant an option to take cash or to have the employer contribute the money to a qualified profit sharing plan as an "employer" contribution to the plan (i.e., an "elective deferral"). These arrangements are often referred to as "401(k) plans." See Salary Reduction Agreement.
