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Employer Matching Contribution |
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Employer matching contribution The amount, if any, a company contributes on an employee's behalf to the employee's retirement account, usually tied to the employee's own contribution. Employer Matching Contribution Money an employer offers to an employee's IRA or other retirement fund. Normally employers will offer an equal amount that the employee contributes up to a certain dollar amount or percentage of income. This is considered an employee benefit and allows a worker to save more (and accrue applicable interest) without enduring financial hardship. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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