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单词 employer discretionary contribution
释义

employer discretionary contribution

Definition
An additional contribution made by an employer to an employee's 401K plan. Employer discretionary contributions are made at the end of the plan year and may take the form of increased matching contributions or profit-sharing contributions. These employer contributions are considered a tax-deductible business expense and also grow on a tax-deferred basis.
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更新时间:2025/3/9 22:37:37