Sentences with phrase «contributions on behalf of the employees»

In either case, employers make contributions on behalf of the employees, but the problem comes in making a true apples - to - apples comparison of these payments.

Compared to the SEP - IRA, where you would make the full contributions on behalf of your employees, a SIMPLE IRA requires you match contributions up to 3 percent for all participating employees or make contributions of 2 percent across the board for all eligible employees, regardless of whether they make their own contributions.

Not exact matches

Employers will be allowed to offer HRAs through a cafeteria plan; however, these employer contributions must be made available on a comparable basis, on behalf of all participating employees.

To achieve safe harbor status, owners are required to make a contribution on behalf of participating employees.

Like 401 (k) s, an ESOP is a defined contribution plan: Employers contribute a defined amount to the plan on behalf of employees, and returns on that investment are not guaranteed.

Mandatory business contribution of either: 1) 100 % match on the first 3 % deferred (match may be reduced to 1 % in 2 out of 5 years) or 2) a 2 % nonelective contribution on behalf of all eligible employees.

Employers offering a 401 (k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit - sharing feature to the plan.

The Feds then set rules that give companies incentives to make contributions to the plan on behalf of employees.

«Backdating is fraudulent because it has an element of unearned salary and it is not only unearned salary, we must remember that Government pays 13 percent as employee's contribution to the social security on your behalf.»

The employer shall contribute on behalf of each program member an amount equal to the difference between 10.43 percent of the employee's gross monthly compensation and the employee's required contribution based on the employee's gross monthly compensation.

Employers offering a 401 (k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit - sharing feature to the plan.

This type of IRA is established by employers to make tax - deductible contributions on behalf of eligible employees.

Employers who can make a tax - deductible contribution into an IRA for yourself and on behalf of your employees as a substantial tax - free fringe benefit.

Does this mean that employee can contribute at most 18k or that total contributions made on behalf of employee should not exceed 18k (company match)

SEP IRAs — Employers can make retirement contributions for themselves and on behalf of their employees.

A SEP IRA is an IRA that allows contributions to be made by an employer on behalf of an employee.

A corporation makes a contribution to the plan on behalf of an employee.

Since these retirement plans are geared towards small business owners with employees, you must make contributions on your employee's behalf regardless of your employee's own contributions.

Payroll administrators can log in to view active plan details and participant information, maintain and update employee contribution amounts and plan allocation percentages and process payroll contributions for the fund on behalf of their employees.

«A claim made or an «action» brought by a Canadian resident «employee» on whose behalf contributions are made by or required to be made by you under the provisions of any Canadian provincial or territorial workers» compensation law, if cover or benefits have been denied by any Canadian Workers» Compensation Authority.»

For further information on deductible contributions see «under what conditions can an employer claim a deduction for contributions made on behalf of their employees?»

This sample thank you email recognizes the employee for charitable contributions on behalf of the company.