Deferred Contribution Plan


Definition of "Deferred contribution plan"

TAMEKO LAWLER real estate agent
TAMEKO LAWLER, Real Estate Agent Keller Williams Frisco Stars

Arrangement in which an unused deduction (credit carryover) to a profit sharing plan can be added to an employer's future contribution on a tax deductible basis. It occurs when the employer's contribution to a profit sharing plan is less than the annual 15% of employee compensation allowed by the Federal Tax Code.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions