 |
Definition of 'Nonelective Contribution'
A type of contribution an employer chooses to make to each of his or her eligible employee's employer-sponsored retirement plan. The contribution is not based on salary reduction contributions made by the employee.
|
 |
Investopedia explains 'Nonelective Contribution'
Unlike a matching contribution, the employer makes a nonelective contribution regardless of whether or not the employee makes a salary reduction contribution to the plan.
|
-
Don't hesitate to adopt a smart plan for you and your employees.
Read More »
-
Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it.
Read More »
-
Retire in style. Search for the 100 highest yielding CD's from Bankrate.com. Click Here!
|
|
