Matching Contribution
A type of contribution an employer chooses to make to his or her employee's employer-sponsored retirement plan. The contribution is based on elective deferral contributions made by the employee. Investopedia Says:
Generally, the employer's contribution may match the employee's elective deferral contribution up to a certain dollar amount or percentage of compensation. Related Terms:
Active Participant Status
Defined Contribution Plan
Elective Deferral Contribution
Employee Contribution Plan
Non-Elective Contribution
Pension Plan
Salary Reduction Contribution
Simple
Simplified Employee Pension |