Voluntary Deductible Employee Contribution Plan

Definition of "Voluntary deductible employee contribution plan"

Karin Carr
Karin Carr Keller Williams Realty Partners

Pension plan that allows an employee to contribute by electing to have money deducted from each paycheck. Some qualified plans such as 401 (k) allow employees to contribute pre-tax dollars, while others require employees to put in after-tax dollars.

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