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Employee Contribution Plan

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A company-sponsored retirement plan where employees make deposits (contributions) to an account. Contributions are deducted from employee's pay, and some companies match those payments.

Notes:

Remember, you always own 100% of contributions that you make.

See also: 401k Plan, 403b Plan, 457 Plan

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Benefit Offset
Elective-Deferral Contribution
Matching Contribution

Nonelective Contribution
phantom stock plan
Salary-Reduction Contribution

Joe Haggerty, president of the United Way of Greater Los Angeles, said Arco has always been one of the nonprofit group's biggest supporters and had an active employee contribution plan.

L.A. TO LOSE MORE THAN ARCO'S LOGO by Daily News (Los Angeles, CA)

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