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Elective-Deferral Contribution |
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Elective-Deferral Contribution A contribution to an IRA or 401(k) made from an employee's pretax income. That is, an elective-deferral contribution is tax-deferred, meaning that the retirement account holder does not pay taxes on what goes into the account until he/she begins making withdrawals. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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