Payroll Deduction Plan

Filed Under » ,
Dictionary Says

Definition of 'Payroll Deduction Plan'

A contribution plan in which an employer deducts a specified amount from an employee's pay and puts the funds toward insurance, healthcare or an investment account. In most situations, employees enter into payroll deduction plans on a voluntary basis.
Investopedia Says

Investopedia explains 'Payroll Deduction Plan'

Payroll deduction plans offer employees a convenient way to automatically contribute income toward an ongoing expense or investment. For example, it is common for employees to deduct a set percentage of income and contribute it to their Traditional or Roth IRAs. An employee may also choose to have the premiums from an insurance policy deducted from their pay, ensuring that a payment is never missed.
Search results for

'Payroll Deduction Plan'

  • Series 6 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/nonqualified-employer-sponsored-retirement-plans.asp
    ... A deferred-compensation plan can be either funded or unfunded. ... Payroll Deduction
    Plans: Payroll deduction plans are simply product-purchase services set up by ...

  • Series 26 Study Guide - Retirement and College Savings Plans - Non ...

    http://www.investopedia.com/exam-guide/series-26/retirement-college-plans/non-qualified-employer-sponsored.asp
    ... A deferred-compensation plan can be either funded or unfunded. ... Payroll Deduction
    Plans: Payroll deduction plans are simply product-purchase services set up by ...

  • Series 7 Study Guide - Retirement Accounts - Types of Employee ...

    http://www.investopedia.com/exam-guide/series-7/retirement/qualified-plan-erisa.asp
    ... Employer-sponsored plans, sometimes called payroll deduction savings plans, can
    be either qualified ... Qualified Plans: A type of qualified plan called a 401(k) is ...

  • Don't Forget The Kids: Save For Their Education And Retirement

    http://www.investopedia.com/articles/retirement/03/020503.asp
    ... to the plan. A growing number of employers are forming relationships with QTPs and
    529 providers so that contributions can be made through payroll deduction. ...

  • Top 9 Benefits Of A 403(b) Plan

    http://www.investopedia.com/articles/retirement/10/top-9-benefits-403b-plans.asp
    ... Roth contributions are not eligible for a tax deduction. ... can offer matching
    contributions on a 403(b) plan. ... possible to arrange with your payroll department ...

  • How To Include ETFs In A Client's 401(k)

    http://www.investopedia.com/articles/financialcareers/07/etf-401k.asp
    ... an ETF is the higher level of protection it provides for plan fiduciaries ...
    salary-deferral contributions made to their 401(k) accounts through payroll deduction. ...

  • 10 Most Overlooked Tax Deductions

    http://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp
    ... if you buy coverage through a payroll deduction using pretax ... car expenses (the standard
    mileage deduction for medical ... covered by your insurance plan, such as ...

  • 5 Life Insurance Questions You Should Ask

    http://www.investopedia.com/articles/pf/08/term_life.asp
    ... such as medical, dental, or an employer-sponsored retirement plan ... Automatic payments -
    Through payroll deduction, you'll hardly feel the financial hit of paying ...

  • Budgeting Basics - Goal Setting | Investopedia

    http://www.investopedia.com/university/budgeting/basics5.asp
    ... So even if you're in debt up to your eyeballs and are committed to getting out as
    quickly as possible, it's a good idea to plan some rewards into your savings ...

  • The State Of The 401(k) - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/The-State-Of-The-401k.aspx
    ... For more, see The 401(k) Investor: A Retirement Plan That Works ... While automatic payroll
    deduction is a good idea for most workers even in the absence of matching ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links