Deferred Contribution Plan


Definition of "Deferred contribution plan"

TAMEKO LAWLER real estate agent
TAMEKO LAWLER 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.

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